Monday, 26 December 2016

Nifty breaks 7950, Sensex weak; Axis, SBI, Cipla losers

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The market has opened weak. After initial hiccups, the Nifty slipped below 7950. The 50-share index is down 39.05 points or 0.5 percent. The Sensex is down 117.85 points or 0.4 percent at 25922.85. About 246 shares have advanced, 572 shares declined, and 46 shares are unchanged. Axis Bank, Adani Ports, Cipla, SBI and HDFC are losers in the Sensex. 

The Indian rupee opened flat at 67.82 per dollar on Monday versus Friday's closing 67.82. Dollar index slipped below the 103 mark. The dollar dipped against the yen, edging lower down after US treasury yields dipped on mixed economic data.

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