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INDIAN EQUITY MARKET OUTLOOK- 19 Feb 2016

Equity Tips
The market continued to see profit booking amid consolidation today after rallying for previous two consecutive sessions. The Sensex declined 35.83 points to 23613.39 and the Nifty fell 15.05 points to 7176.70.

HDFC, HDFC Bank, Lupin, Maruti Suzuki, Axis Bank, Adani Ports and Coal India were under pressure, falling 1-2 percent while ICICI Bank, SBI, M&M, Bharti Airtel and Bajaj Auto outperformed, up 1-2 percent.

Bajaj Auto, Wipro and Reliance are top gainers while BHEL, Hindalco, L&T, Tata Steel and HDFC are losers in the Sensex. Jet Airways is up 3 percent.

Major markets in Asia were mostly down with the Japanese market falling behind its regional peers. Chinese markets started the day lower as well, with the Shanghai composite down 0.38 percent while the Shenzhen composite fell 0.20 percent.

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