Thursday, 29 October 2015

Sensex, Nifty open flat; Ambuja Cements down, Cipla gains; Equity Market Tips

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Vedanta, Cipla, ICICI Bank, ONGC, BHEL, Cairn India and HCL Tech were early gainers. HUL, Sun Pharma, HDFC Bank, Wipro, Hero Motocorp, Power Grid Corp, Ambuja Cements and BPCL lost ground.

The market has opened volatile ahead of expiry of October derivative contracts. The
Sensex fell 7.52 points to 27032.24 and the Nifty declined 4.85 points to 8166.35.

Globally, the Federal Reserve has left the door open for December indicating that the chances of a December rate hike have increased as growth picks up. The Nasdaq led gains with a 1.3 percent rise, while the Dow Jones and S&P 500 closed up 1.1 and 1.2 percent respectively. 
Asian stocks mostly advanced today, encouraged by a positive Wall Street handover following the Fed's decision to leave interest rates near zero.

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