Monday 09 Jan Sensex in Red, Nifty below 8250, Equity Tips Today

sensex-down-todayIndian markets have opened the trading Monday, flat with a positive trade in in Asian markets after the US payrolls data announced on Friday showing strong underlying wage growth. At 10.15 am the BSE Sensex was trading lower by 18.45 points at 27,740.78 while the Niifty50 was trading lower by 4.15 points at 8239.65. The BSE Mid Cap index and BSE Small Cap index have opened the day up by 0.24 percent  and 0.42 percent respectively.

The rupee is trading at 67.95 to the US dollar. Except IT stocks and power stocks, all sectoral indices have opened the day in green with metal, banking and capital good stocks seeing maximum buying interest.

Hero MotoCorp , Tata Steel, Axis Bank, HDFC and Bajaj Auto are top gainers while Bharti Airtel, TCS, GAIL, Lupin and ICICI Bank are losers in the Sensex.

The advance estimate for GDP for the financial year 2017 released on Friday indicated that India’s growth is set to slow down to 7.1% from 7.6% in the last financial year, owing to the slump in manufacturing, mining and construction sectors.

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