INDIAN BENCHMARKS NEWS UPDATES

INDIAN BENCHMARKS  are likely to witness positive opening as the global cues look supportive with SGX Nifty trading 25 points higher. The key Indian equity benchmarks are poised to witness a gap up opening on Tuesday amidst bets of further China stimulus after underwhelming Q4 GDP data. China’s economy grew by 6.8 per cent, year on year in the December 2015 quarter, slowing from the 6.9 per cent expansion witnessed in Q3 while full-year 2015 growth came in at 6.9 per cent, the slowest since 1990 and missing the government target of about 7 per cent, raising calls for further monetary and fiscal easing measures to tame a deepening slowdown.

Headlines for the day:

• Crompton Greaves wins smart grid order from Dominican Republic 
• Reliance Jio beefs up spectrum via arrangement with RComm 
• Maruti slashes S-Cross price by over Rs2 lakh

Global Indices:

• Asian stocks swung between gains and losses as traders weighed the Chinese Q4 GDP data which came in below estimates but raised the probability of a stimulus boost in the world’s second biggest economy. China’s industrial output grew 5.9 per cent in December 2015 from the same month a year ago, compared to an annual growth of 6.2 per cent in November 2015.

• China’s Shanghai Composite logged mild gains as energy companies rallied amid government measures to support fuel prices.

• Hang Seng was trading tad lower while Japan’s Nikkei 225 fell even as a weaker yen bolstered the appeal of exporter stocks. Wall Street was closed on Monday due to the Martin Luther King Holiday.

RESULT’S ON 19TH  JAN 2016 :  HCL TECH, RELIANCE, RELIANCE POWER  , ZENSAR TECH, ALICON

Trend in FII flows:   

The FIIs were net  sellers of  Rs -1203.85 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs 1122.80 Cr, as per the provisional figures released by the NSE.

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