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Monday, March 21, 2016

INDIAN EQUITY MARKET OUTLOOK- 22 Mar 2016

Stock Tips

The market continued to see profit booking in morning trade after one percent rally in previous session while the broader markets outperformed benchmarks.

The 30-share BSE Sensex fell 75.81 points to 25209.56 and the 50-share NSE Nifty declined 26.80 points to 7677.45. The BSE Midcap and Smallcap indices gained half a percent each.

The market breadth remained strong as about 1043 shares advanced against 667 declining shares on Bombay Stock Exchange.

Adani Ports and Dr Reddy's Labs fell over 2 percent followed by Infosys, ITC, HUL, Bharti Airtel and Hero Motocorp with more than a percent loss. Reliance Industries, L&T, Lupin and BHEL gained 1-2 percent.

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