Indian Markets
The BSE Sensex was 16,122, up 85 points over the previous close. It had earlier touched a day’s high of 16,168 and Today’s low of 16,107. It opened at 16,144.
NSE Nifty was quoting 4,854, up 22 points over the previous close. It has earlier touched a day’s high of 4,868 and a day’s low of 4,851. It opened at 4,861.
Infosys, Wipro, TCS, Sun Pharma, M&M, L&T, BHEL, NTPC, SBI, Coal India, Tata Motors, Tata Power, Sterlite Inds, Hindalco Inds, Tata Steel, , were among the notable leaders in the Sensex and the Nifty.
Hero MotoCorp, GAIL India, HDFC, DRREDDY, ITC were among the notable losers in the Sensex and the Nifty.The BSE Small-Cap and BSE Mid-Cap index was trading flat at 1%.
FMCG, Bankex, PSU, Realty, Metal, Oil and Gas, Auto, Power, IT and Oil and Gas indices are the gainers.
US and European Markets
Stocks sputtered on Thursday, but managed to close the day slightly higher. Dow Jones closed up 22 points, or 0.2%. S&P 500 gained 3 points, or 0.2%. Nasdaq moved up 14 points, or 0.5%.
Asian Markets
Today the Asian indices are trading in the green except Shanghai, which is down by 0.4%. Nikkei is trading higher by 1.1% while Kospi and Strait Times are up 0.6% each. Hang Seng and Taiwan are up 0.3% each. SGX Nifty is trading marginally lower by 4 points.
Currencies
The Indian rupee closed higher on Thursday vis-a-vis the US Dollar as foreign funds continued to invest in local debt, though weak domestic shares and dollar demand from oil importers put a lid on gains. The Reserve Bank of India probably sold dollars around the 51.74 rupee level in late trading, which further supported the currency, traders said.
Commodities
Among the metals, Copper gained 3.4% while Zinc rose by 1.6%. Aluminium and Nickel ended higher by 1.3% and 1% respectively. Oil for February delivery lost $1.73 to $99.14 a barrel. Gold futures for February delivery gained $8.10 to $1,647.70 an ounce.
Outlook
Today, the Indian market is likely to open on a flat to negative note and remain rangebound. Support on Nifty is at 4,800 while resistance is at 4,910. Among the sectoral indices, IT and Oil & Gas stocks could underperform while Metals and FMCG could do well.
Sources- hdfc security, India infoline
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