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Tuesday, 16 August 2016

Stock Market News: Sensex, Nifty Open Flat

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The market has opened flat. The Sensex is at 28,124.45, down 0.1 p.c or 27.95 points whereas keen is down 16.65 points or 0.2 p.c at 8655.50. Infosys is down two p.c from previous shut whereas Tata Motors, HDFC Bank area unit down. ITC and PowerGrid area unit up. The rupee opened marginally higher at sixty six.85 per dollar on weekday versus 66.89 Friday. The dollar fell against a basket of currencies, undermined by recent soft USA economic information that tempered expectations of a central bank charge per unit hike this year. Ashutosh Raina of HDFC Bank aforementioned, "The expectations of a lot of information from Japan and China, including jump in international oil costs, helps the worldwide positive sentiment. The markets will wait the Fed Gregorian calendar month FOMC meeting minutes to induce some cues regarding future hikes." Asian shares rose to annual highs, extending their gains to this point this year to nearly ten p.c, helped by a jump in oil costs and capitalist expectations of continued  simple financial policy round the globe.

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