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Thursday, 10 November 2016

Equity Market Recommendations: Nifty is Trading At 8,526

Sensex rallies over 200 points:
BSE Sensex is trading at 27,517, up 265 points, while NSE Nifty is trading at 8,526 up 94 points. Asian markets opened deep in the green as oversold indices saw short covering coupled with fresh buying as the Dow Jones index touched new highs. This after huge intraday swings with US futures hitting lows of -800 points at one time. Bond yields on the US 10 year paper hit over 2% as optimism on growth with infra spending rising saw the yields near 9 month highs.         

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Rupee opens lower against US Dollar:
The rupee opened lower at 66.39/$ as against the previous close of 66.42/$.

Top 10 stocks in focus today:
Sun Pharma, Bosch, SAIL, Lupin, Tata Chemicals, JK Tyre, Tata Steel, Bank of India, Apollo Tyres, L&T Infotech

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