Sensex, Nifty open in red; Infosys down, ONGC & Bharti gainers. For more information visit www.marketmagnify.com/stock-cash-tips.php
The market has opened in red on Thursday. The Sensex is down 75.70 points or 0.3 percent at 26944.96, and the Nifty is down 19.45 points or 0.2 percent at 8253.60. About 474 shares have advanced, 241 shares declined, and 34 shares are unchanged.
ONGC, NTPC, Bharti Airtel, Reliance and Tata Motors are gainers while Lupin, Infosys, Dr Reddy's, Asian Paints and HUL are losers in the Sensex.
Tata Group entities, including Tata Sons, Jaguar Land Rover and TCS , will provide a funding of 5.6 million pounds (around Rs 56 crore) to the Royal Society's University Research Fellowships (URF) scheme in the UK.
Expect rupee to appreciate marginally due to increase in capital flows and trade in the range of 66.50- 66.75/dollar, says Ashutosh Khajuria of Federal Bank.
Analysing HUL's annual report, CLSA says that despite a 49 percent annual rise in capex, free cash flow (FCF) increased 16 percent. As per its estimates, HUL may see over 20 percent CAGR in FCF in FY16-19.UB Pravin Rao, COO, Infosys is confident on achieving FY17 revenue growth guidance of 11.5-13.5 percent for next few years.