Sensex, Nifty open flat; Tata Steel & Wipro up; ICICI down --- 14 Sep 2015

Tata Steel, Wipro, Sun Pharma, TCS and HUL are top gainers while ICICI Bank, Infosys, Reliance, Vedanta and HDFC are early losers.

                                                     

The market has opened flat on Monday. The Sensex is down 30.66 points at 25579.55 and the Nifty is down 13.00 points at 7776.30. About 429 shares have advanced, 204 shares declined, and 34 shares are unchanged. Tata Steel, Wipro, Sun Pharma, TCS and HUL are top gainers while ICICI Bank, Infosys, Reliance, Vedanta and HDFC are early losers. The Indian rupee rose in the early trade. It has opened higher by 14 paise at 66.40 per dollar against Friday's close of 66.54. Agam Gupta of Standard Chartered said, "We expect local government banks and other importers to be buyers of USD below 66.30/dollar. Upticks to 66.55/dollar will see exporter hedging going through." The dollar, euro and yen all got off to a slow start with investors sticking to the sidelines as the countdown begins on whether the Federal Reserve will hike interest rates for the first time in nearly a decade. Asian stocks kicked off mixed, as traders digest a slew of Chinese data released over the weekend and tread cautiously ahead of the Federal Reserve's policy meeting this week. Growth in China's fixed-asset investment and industrial production missed expectations in August, data from the National Bureau of Statistics showed on Sunday, suggesting further cooling in the world's second-biggest economy that will likely prompt the government to roll out more support measures.

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