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Best Nifty Tips

The BSE Sensex and NSE Nifty opened 0.3% lower on Wednesday following Greece concerns and sharp fall in rupee. The India rupee went down to 55.71 a dollar at open (a new all-time high), but immediately came off day's low to 55.61 a dollar, down 25 paise or 0.47% from previous close of 55.38 a dollar as reports suggested that RBI sold dollars.

The BSE benchmark was down 63.32 points to 15,962.04 and the NSE benchmark fell 19.70 points to 4,841.80.

The CNX Midcap Index was down 26 points to 6,820. About two shares declined for every share rising on the National Stock Exchange.

HDIL, Manappuram Finance, Shree Renuka, VIP, Central Bank, Andhra Bank, S Kumars and Ashok Leyland lost 0.75-1.3%.

3i Infotech surged 5%. Wockhardt gained another 3.1% after rallying 7% yesterday due to better than expected performance at EBITDA level in Q4FY12.

Reliance Industries slipped 1% as CNBC-TV18 reported quoting sources that Niko Resources will exit D4 block with RIL and BP due to size & risk issues, and current commercial environment in India.

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