Nifty starts July series on flat note; Infy up, GAIL falls
06/26/2015

Infosys, NTPC, Tata Motors, Sun Pharma and Wipro are top gainers in the Sensex. Among the losers are GAIL, Vedanta, BHEL, Lupin and Axis Bank.

Online PR News – 26-June-2015 – jabalpur – The market has opened flat on a fresh start of July F&O series today. The Sensex is up 0.03 points at 27896.00, and the Nifty is down 4.05 points at 8393.95. About 245 shares have advanced, 188 shares declined, and 65 shares are unchanged. Nifty’s recent move is exuding a lot of optimism. Resistance for the 50-share index is seen at 8500. In the June series, foreign institutional investors (FIIs) bought Rs 280 crore while domestic investors sold Rs 8.5 crore in cash market. Infosys, NTPC, Tata Motors, Sun Pharma and Wipro are top gainers in the Sensex. Among the losers are GAIL, Vedanta, BHEL, Lupin and Axis Bank. The Indian rupee has opened marginally lower at 63.64 per dollar compared to 63.62 a dollar in previous session. Pramit Brahmbhatt, Veracity expects rupee to depreciate today as weakness in Asian markets will force local equities to trade low. Also the strength in USD and month-end USD demand from oil importers may keep rupee under pressure, he believes. According to him, the rupee may move in a range of Rs 63.30-64/USD. Meanwhile, the euro slipped against the dollar as Greece talks drag on with no resolution in sight. Asian markets are mixed on dwindling hopes of Greek deal. Japan released a raft of economic data. Japan’s core consumer price index ticked up 0.1 percent from a year earlier in may, a tad above expectations. US stocks closed near session lows, failing to hold initial gains. Nymex crude slips below USD 60 dollars per barrel weighed by potential negative impact from Greece’s debt crisis on European energy demand. Gold continues to trade around USD 1175 an ounce.

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