Sensex, Nifty volatile; Jubilant Foodworks, Britannia fall

The market has opened flat with the Nifty still below 7750. The 50-share index is at 7731.05 and the Sensex is down 11.44 points at 25218.92.

 NTPC, ITC, ICICI Bank, Cipla and Tata Motors are top gainers while M&M, TCS, Hero MotoCorp, SBI and Bharti Airtel are losers in the Sensex. 

The Indian rupee opened lower by 14 paise at 67.63 per dollar on Tuesday against its previous close of 67.49. Ashutosh Raina of HDFC Bank said, "A hawkish surprise from April FOMC minutes has increased the probability of Fed rate hike sooner than later. This coupled with Brexit fears has kept the markets on tenterhooks.

" The US dollar gained against the euro after Federal Reserve officials made hawkish remarks on monetary policy, while the dollar slipped against the yen on Japanese trade data that came out yesterday and US resistance to currency intervention from Tokyo.

Torrent Pharma Ltd stock was lower by 6% at Rs.1256.The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 3570 mn for the quarter ended March 31, 2016 where as the same was at Rs.1300 million for the quarter ended March 31, 2015. 

 SELL JUST DIAL FUTURE BELOW 660 TG 657, 653, 647 SL 665,

 

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