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Tuesday, August 8, 2017

Equity Tips
Sensex opens below 32000, Nifty breaks 9950 on weak Asian cues

Equity benchmarks extended previous day's losses in opening trade Wednesday, tracking weakness in Asia.

The 30-share BSE Sensex was down 91.45 points at 31,922.74 and the 50-share NSE Nifty fell 34.40 points to 9,944.15.

Nifty Bank was down 0.5 percent as Yes Bank, ICICI Bank, Bank of Baroda and Axis Bank were under pressure.

Nalco, Hindalco Industries and Vedanta gained up to 3 percent.

The market shot up more than 20 percent year-to-date and the maximum correction seen in 2017 was around 2.5 percent that was healthy correction.

The current correction was also on expected lines as earnings revival has not seen so far, even Q1 earnings were a mixed bag, Patil said in an interview to CNBC-TV18.

He further said, "The current correction does not mean that we are at mouth-watering level."

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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