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Wednesday, 14 September 2016

Equity Market Updates: Sensex, Nifty Open Flat

Equity benchmarks started off Wednesday's trade on a flat note when seeing correction in previous 2 consecutive sessions. The Sensex was up 10.15 points at 28363.69 and therefore the peachy up 10.95 points at 8726.55. ICICI Bank, Sun Pharma, Reliance Industries, NTPC, SBI, Hindalco, BPCL and affirmative Bank were early gainers whereas Coal Republic of India, Adani Ports, ITC, Tata Motors, HDFC, ezed amusement and Bharti Infratel lost ground. 
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 The Indian monetary unit opened at period low at 66.99 per greenback, down seven paise against 66.92 Monday. Ashutosh Raina of HDFC Bank aforesaid, "The hawkish Fed speaks, increasing the likelihood of Fed hiking rates at its September FOMC, has sent the world markets into a dither." "We expect USD-INR combine to change the 67-67.50/dollar zero in the close to term," he added. The USA greenback gained against the yen and riskier goods currencies when the impact of pacifistic remarks from a prime central bank official pale, boosting sentiment toward the buck.

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