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The Indian rupee has
opened flat at 66.83 per dollar today against previous close of 66.84.
Asian markets
barring Shanghai were trading lower. Hang Seng, Nikkei, Straits Times and
Taiwan fell 0.2-1 percent. Shanghai gained 0.7 percent.
Asian markets traded
cautiously in the morning session on Wednesday as the slide in oil prices
continued to weigh on investor sentiment.
The Finance Ministry last week said the economy would grow in the
vicinity of 7.5 percent this fiscal, down from the earlier projection of over 8
percent. In the first half of 2015-16, it expanded at 7.2 percent.
Shares of Dr Reddy's
Laboratories slipped 4 percent intraday, extending its losses for another day.BHEL, ITC, HUL, Tata Steel, Sun Pharma, Asian Paints, Tata Motors and Cipla were early gainers while Dr Reddys Labs fell 3.5 percent. GAIL, Vedanta, Bharti Airtel, Hindalco and UltraTech Cement were under pressure.
Oil prices remained low during US trading hours as a result of a global supply glut.
The given news with technical chart helps to guide the fresher traders which is quite good and the trading tips given by Epic Research are very helpful.
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