Sensex, Nifty open flat; Dr Reddy's, BHEL top gainers -- 30 Nov 2015

Dr Reddy's Labs, BHEL, Tata Motors, HDFC Bank and M&M are top gainers while HDFC, Sun Pharma, ONGC, Cipla and Lupin are amogn losers in the Sensex.


                                                     

                                               

                                           

The market has opened flat as the Sensex is down 5.40 points 26122.80. The Nifty is down 2.70 points at 7940.00. About 491 shares have advanced, 143 shares declined, and 77 shares are unchanged. Dr Reddy's Labs, BHEL, Tata Motors, HDFC Bank and M&M are top gainers while HDFC, Sun Pharma, ONGC, Cipla and Lupin are amogn losers in the Sensex. The Indian rupee has opened marginally lower at 66.78 per dollar compared to 66.76 a dollar in previous trading session. Agam Gupta of StanChart says range for the day should be 66.65-67.10 a dollar and there could be a technical move up to 67.00-67.10 a dollar. He expects local government banks to supply dollar above 67 a dollar. "We also anticipate exporters to be active sellers of dollar on upticks as they hedge their dollar receivables," he says. Asian equities were trading mixed on Monday morning as investors remained cautious following a mixed performance from Wall Street last Friday. The International Monetary Fund's (IMF) Executive Board meets on Monday to discuss a staff proposal to include China's yuan, or renminbi as it's also known, in an exclusive group of currencies that make up the basket of the IMF's Special Drawing Rights (SDR).

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