Monday, 16 January 2017

Sensex, Nifty open lower; Infosys falls, Coal India rises

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The market has opened flat Monday as the Sensex is down 2.82 points at 27235.24. The Nifty is down 9.40 points or 0.1 percent at 8390.95. About 283 shares have advanced, 160 shares declined, and 183 shares are unchanged. Coal India, HDFC Bank, Tata Motors, Lupin and Hero MotoCorp are top gainers while Infosys. Cipla, ICICI Bank, NTPC and Asian Paints are losers in the Sensex. 

The Indian rupee opened lower by 8 paise at 68.23 per dollar versus 68.15 Friday. The USD will trade with a positive bias considering weak cues from global as well as domestic equity market. The trading range for spot USD-INR pair will be 68-68.50/dollar. Pound tumbled followed media reports that suggest that UK's Prime Minister Theresa May's government was prepared to make a "hard" or "clean" exit from the European Union, ahead of her speech tomorrow.

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