INDIAN EQUITY MARKET OUTLOOK- 9 Jan 2017

Nifty struggles below 8250; ONGC, Coal India losers

The market is still in red with the Sensex down 16.35 points at 26742.88. The Nifty is down 3.80 points at 8240. About 1486 shares have advanced, 1074 shares declined, and 400 shares are unchanged.

BHEL, Tata Motors, ITC,  Maruti and Bajaj Auto are top gainers while Dr Reddy's, ONGC, Coal India, NTPC and M&M are losers in the Sensex.

Investors are looking beyond the demonetisation impact now. There may be a lot of volatility and a hightened level of sensitivity, but in the long-term, the foreign institutional investors continue to remain positve on India, says the Chief Executive Officer of Deutsche Bank India, Ravneet Gill.

Developed markets may no longer continue to outperform the emerging markets, says Gill. The rupee too, continues to perform better than other emerging market currencies, he adds.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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