Wednesday, April 6, 2016

Sensex marginally lower, Nifty breaks 7600

Stock tips
The market fell marginally amid consolidation in early trade, tracking weakness in Asian peers. The Sensex declined 65.96 points to 24834.67 and the Nifty slipped 17.75 points to 7596.60.

HDFC lost 1.6 percent after the company proposed to make additional one-time special provision of Rs 450 crore in Q4.

ITC, ICICI Bank, Maruti Suzuki, Tata Motors, Reliance Industries and L&T were other early losers while ONGC, Axis Bank and Lupin outperformed.

The Indian rupee declined further, opening at 66.72 a dollar, down 7 paise compared to 66.65 a dollar in previous session.

Major Headlines of the day:
Tata Motors to resize diesel engines to skirt New Delhi ban.
PNB Housing raises Rs500 cr from IFC to finance Green Projects.
GVK fails to pay $560 million for mines in Australia.
Tata Steel to launch UK sale process by Monday - UK minister

Trend in FII flows:The FIIs were net  sellers of  Rs -493.56 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs 258.68 Cr, as per the provisional figures released by the NSE.

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