Stock Market Opening News
The market has opened in red after Fed Reserve Chairman Janet Yellen's clarification that the timing of rate hikes will be highly conditional and based on the Fed's assessment of the economy.
The Sensex is down 85.21 points at 26546.08 and the Nifty is down 24.85 points at 7950.65. About 381 shares have advanced, 264 shares declined, and 25 shares are unchanged.
Infosys, Axis Bank, L&T, Sesa Sterlite and NTPC are major laggards while Sun Pharma, Dr Reddy's Labs, Cipla, HDFC and Bajaj Auto are top gainers in the Sensex.
The Indian rupee slipped in the opening trade. It fell by 18 paise to 61.10 per dollar versus previous day's closing value of 60.92 a dollar.
Today Stock Trading Tips:
• SELL ARVIND (LCP-319.3) BELOW 318 TG-315-311
• SELL BHARAT FORGE (LCP 852.2) BELOW 850 TG-845-839
• BUY JK TYRE (LCP 413.55) ABOVE 417 TG-421-426
• BUY NBCC (LCP-606.7) ABOVE 608 TG-613-619
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