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| Nifty futures tips |
The Sensex goes 113.13 pts up or 0.4% at 27991.40 while Nifty is up 33.50 points or 0.4% at 8510.80. Around 1357 shares are ahead, 479 shares down, and 85 shares remains unchanged. Infosys, Wipro, Tata Steel, TCS and Vedanta are top gainers while GAIL, Tata Motors, Coal India and NTPC are among laggards in the Sensex. Ratings agency Moody's has downgraded the country's 2015-16 net domestic product (GDP) growth target to 7% from 7.5 % earlier. In its Global Macro Outlook report, the firm said it had slashed its growth outlook "in light of a drier than average monsoon" though it added that it predicts GDP growth to go back to 7.5 percent in the next fiscal. Moody's Atsi Sheth, however, said that the forecast wasn't entirely driven by the ongoing weakness in monsoon. "We've looked high frequency data and what we see is that industrial recovery is proceeding but very slowly," she said.
At 9 O' Clock Shares of coffee stocks are rallying on hopes of getting foreign funds. Tata Coffee, Tata Global Beverag CCL Products and Bombay Burmah bounced 3-9 percent.Click Nifty futures tips
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