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Friday, October 21, 2016

Sensex, Nifty continue to struggle;HUL, HDFC Bank, Dr Reddy's up:



Dr Reddy's Labs, HUL, Wipro, TCS and HDFC Bank are top gainers while Cipla, Reliance, Axis Bank, HDFC and Asian Paints are losers in the Sensex.

The market is still struggling under selling pressure. The Sensex is down 121.60 points or 0.4 percent at 28008.24 and the Nifty is down 30.50 points or 0.3 percent at 8668.90. About 1350 shares have advanced, 1237 shares declined, and 228 shares are unchanged.

European stocks opened higher on Friday after the European Central Bank (ECB) quashed talk regarding its future monetary policy, sending the euro to its lowest point since March and dampening risk appetite.

The dollar index was a beneficiary of the euro's slide which occurred in reaction to ECB President Mario Draghi's refusal to given any legs to recent speculation policymakers may opt to begin tapering of the bank's 1.7 trillion-euro asset purchase program in the near-term.


More will update soon!!