INDIAN EQUITY MARKET OUTLOOK - 6 Dec 2016

Nifty opens above 8150, Sensex up over 100 pts; HDFC, GAIL gain

The market has opened higher supported by strong global cues. The Sensex is up 101.38 points or 0.4 percent at 26450.48, and the Nifty up 36 points or 0.4 percent at 8164.75. About 578 shares have advanced, 150 shares declined, and 25 shares are unchanged.

Adani Ports, HDFC, GAIL, NTPC and Sun Pharma are gainers while HUL, ITC and Bharti are losers in the Sensex.

The Indian rupee gained in the early trade. It has opened higher by 7 paise at 68.14 per dollar versus previous close 68.21.

Asian stocks opened higher on the back of a strong Wall Street with markets discounting the potential impact of Italy's referendum vote, while US Treasury yields firmed as robust economic data pointed to an interest rate hike next week.

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