Tuesday, 15 March 2016

Equity Market Tips: Sensex, Nifty marginally lower

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Lupin crashed 6 percent on Goa facility inspection by USFDA. HDFC and Sun Pharma declined over a percent while Infosys, SBI, TCS, L&T, Axis Bank and Maruti Suzuki gained 0.2-0.8 percent.

Equity benchmarks started off Tuesday on a negative note, tracking tepid Asian cues. The 30-share BSE Sensex fell 34 points to 24770.28 and the 50-share NSE Nifty declined 17.25 points to 7521.50.

The Indian rupee has opened lower by 11 paise at 67.22 per dollar against 67.11 a dollar in previous session.

In the global markets, Asian markets were tepid, tracking US equities' performance overnight.

Wall Street ended flat in light trading as investors lay low ahead of a US Federal Reserve meeting that is set to begin later today, where the Fed is expected to hold onto the current interest rates this week.


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