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Tuesday, 23 August 2016

Share Market Update: Sensex, Nifty Under Pressure

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The market was marginally lower in early trade with the Sensex troubled below 28000 level amid consolidation. Investors waited for speech by the Federal Reserve System Chief Janet Yellen at Jackson Hole. 
The Sensex was down 32.64 points at 27952.90 and therefore the smashing declined 16.20 points at 8612.95. NTPC and HPCL fell 1-2 p.c once half-moon earnings declared yesterday evening. HDFC, Reliance Industries, L&T, ligneous plant and Sun drug company were stressed whereas Infosys, Asian Paints, Adani Ports, TCS and Wipro gained. The rupee has opened higher by seven paise at 67.12 per dollar against previous shut of 67.19 a dollar. 
Ashutosh Raina of HDFC Bank says the market attention is totally targeted on Fed Chief Janet Yellen's Jackson Hole speech this weekend, once some hawkish comments from Fed speakers have redoubled the chance of Fed hiking interest rates prior to anticipated.

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