Stock Market Opening News:
The market has opened on flat note as investors release minutes of the latest FOMC meeting. The Sensex is up 10.15 points at 26324.44 and the Nifty is down 1.15 points at 7874.15. About 648 shares have advanced, 247 shares declined, and 41 shares are unchanged.
Investors hope that the minutes will shed further light on the Federal Reserve's exit strategy from its asset-purchasing programme and ultra-low benchmark interest rate. Some hawkish Fed members, like Philadelphia Fed president Charles Plosser, have already started beating the drums of an early interest rate increase.
The Indian rupee opened marginally lower at 60.69 per dollar as against previous day's closing value of 60.61 a dollar.
Stock Trading Tips for Today
• BUY LUMAX INDUS (LCP-433.7) ABOVE 435 TG-440-447
• BUY ELDER PHARMA (LCP 193.1) ABOVE 194 TG-197-200
• BUY MAGMA (LCP 121.15) ABOVE 122 TG-124-127
• BUY SHASUN PHARMA (LCP-195.4) ABOVE 197 TG-199.5-203
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