Monday, 20 June 2016

Nifty Reclaims 8150, Sensex Recovers; IT Stocks Up, SBI Falls 1%



The Sensex is down 159.76 points or 0.6 percent at 26466.15. The Nifty is down 54.45 points or 0.7 percent at 8115.75. About 94 shares have advanced, 221 shares declined, and 29 shares are unchanged. For more stock cash tips give a missed a call 78-79-88-11-22.

      Asian markets are positive after several weekend polls showed the remain camp regained momentum ahead of a referendum vote to decide the UK's future within the European Union (EU). The Britons will vote to decide if the UK should leave or stay within the 28-member EU trade bloc on June 28.
        Nomura expects domestic investors to take a backseat as well, at least until more clarity emerges from a continuity perspective.
         Paul Mackel, Managing Director-Head Of Asian Currency Research, HSBC expects to rupee to be around 69/USD by year-end and at similar levels by end of FY17.
         On Ambit’s scale of one to five for parameters like macroeconomic management, banking supervision and independence, Patel scores as an average of 3.3.
        Coal India (CIL) has been directed to conduct auction of coal-linkages for the non-regulated sector to ensure fuel supply to end users.
       In the mid-end segment (more than 110cc to less than 150cc) of the motorcycle market, as per SIAM data, sales were at 5,90,318 units in the April-May period this fiscal, up 35.57 percent from 4,35,412 units in the year-ago period.
         Infosys, Dr Reddy's Labs, TCS, ONGC and Cipla are top gainers while Axis Bank, ICICI Bank, Asian Paints, SBI and Lupin are losers in the Sensex.

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