Monday, January 16, 2017

Sensex, Nifty to open on a positive note

stock tips
Indian Indices:

Monday’s trading session was clearly of consolidation as Indian equity markets appeared a bit fatigued and remained in directionless trajectory throughout the day. However, markets managed to end the session in positive terrain on the back of bargain buying and short covering. However, gains remained capped on the reports that India’s WPI firmed up in December, led by higher inflation in non-food products. The market breadth remained optimistic, with 1545 shares on the gaining side against 1215 shares on the losing side, while 194 shares remained unchanged. Finally, the BSE Sensex surged 50.11 points to 27288.17, while the CNX Nifty rose 12.45 points to end above the psychological level of 8400.

Global Market:

Asian stocks and the pound sagged on Tuesday ahead of a speech by British Prime Minister Theresa May that could have implications for broader risk sentiment.

European stocks closed lower on Monday as investors awaited more details on UK’s Brexit plan and the inauguration of president-elect Donald Trump in the U.S. later this week. The CAC ended the session with losses of 0.82 per cent at 4882.18; the DAX shed 74.47 points to end at 11554.71, while UK’s FTSE ended the session lower by 0.15 per cent at 7327.13.

US financial markets remained shut on Monday to commemorate Martin Luther King Jr. Day, giving investors time to regroup ahead of the fourth-quarter earnings season, which is expected to pick up pace after the holiday.

Major Headlines of the day:
Delta Corp Ltd. opened today at Rs 138 per share, gaining Rs 3.85 per share or 2.85%.
Havells India opened today at Rs 382.35 per share, gaining Rs 0.95 per share or 0.25%.
Mastek opened today at Rs 176.45 per share, gaining Rs 0.55 per share or 0.31%.

Trend in FII flows: The FIIs were net buyers of Rs – 347.25  the cash segment on Tuesday while the DIIs were net sellers of Rs 203.45 as per the provisional figures.


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