Intraday Equity Market Tips Updates; Nifty struggles below 7750

The Intraday market continues to slip further as the Sensex is down 302.72 points or 1.2 percent at 25416.86 and the Nifty is down 101.30 points or 1.3 percent at 7717.30. About 487 shares have advanced, 1508 shares declined, and 53 shares are unchanged. TCS is up 1 percent while Hindalco, HUL, SBI, Vedanta and ONGC are major laggards in the Sensex.

INTRADAY EQUITY MARKET WRAP

• · Indian markets ended on bullish note. Nifty & Sensex up by 1.70% and 1.59%.
• · Asia Pacific market up. Nikkei up by 7.16% & KOSPI up by 2.87%.
• ·Wall St. Flat.USD ISM Manufacturing PMI down to 52.7.Dow fut. up by 230 pts.

The Indian rupee trimmed its initial losses but was still down by 20 paise to 66.61 against the greenback on weak domestic equities and sustained dollar demand from importers amid higher dollar overseas. The domestic unit gave up its overnight gains and resumed sharply lower at 66.72 per dollar as against yesterday's level of 66.41 at the Interbank Foreign Exchange (Forex) market.
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