Intraday tips:Sensex, Nifty open in red; Infosys down, ONGC & Bharti gainers

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The market has opened in red on Thursday. The Sensex is down 75.70 points or 0.3 percent at 26944.96, and the Nifty is down 19.45 points or 0.2 percent at 8253.60.

ONGC, NTPC, Bharti Airtel, Reliance and Tata Motors are gainers while Lupin, Infosys, Dr Reddy's, Asian Paints and HUL are losers in the Sensex.

The Indian rupee opened higher by 7 paise at 66.58 per dollar versus 66.65 Wednesday. The dollar at a five-week low against a basket of currencies as traders reduced bets of an imminent US interest rate increase.

The Bank of Korea surprised markets by cutting its policy rate by 25 basis points to a record-low of 1.25 percent.

A Reuters poll of analysts showed markets expected the central bank to keep rates steady at 1.5 percent.

The Dow ended above 18,000 for the first time since April on Wednesday as declines in the dollar lifted some commodity-related shares and boosted the outlook for multinationals.

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Nifty Trading tips

The market has opened in red on Thursday. The Sensex is down 75.70 points or 0.3 percent at 26944.96, and the Nifty is down 19.45 points or 0.2 percent at 8253.60. About 474 shares have advanced, 241 shares declined, and 34 shares are unchanged. ONGC, NTPC, Bharti Airtel, Reliance and Tata Motors are gainers while Lupin, Infosys, Dr Reddy's, Asian Paints and HUL are losers in the Sensex. The Indian rupee opened higher by 7 paise at 66.58 per dollar versus 66.65 Wednesday. The dollar at a five-week low against a basket of currencies as traders reduced bets of an imminent US interest rate increase.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-nifty-openred-infosys-down-ongcbharti-gainers_6835221.html?utm_source=ref_article

1 Comments

  1. NIFTY OPEN @ 8,342.00 (+6.05) SENSEX OPEN @ 27,209.97 (+43.10) BANK NIFTY OPEN @ 18,036.30 (+32.05). Get best trading tips by joining epic research.

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