INDIAN BENCHMARKS were trading on a positive note during the morning trading session in the midst of sharp gains in their Asian peers. The key domestic benchmark indices were trading in positive territory as the markets extended gains during the late morning trading session on Friday amid strong global cues. The market sentiments got bolstered as Indian rupee appreciated 24 paise to 66.78 against the US dollar in early trade amid hopes that a rebound in crude oil prices globally may halt outflows from emerging markets (EMs). At 11.41 am, the Bombay Stock Exchange bellwether Sensex was at 24384 up by 422 points or by 1.75%, while the NSE Nifty was at 7407 points, trading higher by 130 points or by 1.76%. The BSE Sensex touched an intraday high of 24384.44 and an intraday low of 24120.04 while the NSE Nifty Trading Tips touched an intraday high of 7393.5 and an intraday low of 7327.6.The top gainers of the BSE Sensex pack were GAIL 6.26%, SBI 4.29%, Axis Bank 4.06%, NTPC 3.73%, Maruti Suzuki 3.56%, among others. Meanwhile, Bharti Airtel 4.88%, Adani Ports 0.97%, ITC 0.42%, Wipro 0.06%, HUL 0.03%, were among the top losers on BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2350 shares traded, 1845 shares advanced, 397 shares declined while 108 were unchanged.
Globally, the Asian peers were trading higher today following the overnight gains on Wall Street as the rebound in crude oil prices and expectations of more stimulus from the European Central Bank boosted investor sentiment. Meanwhile, US stocks finished mostly higher yesterday as dovish comments from European Central Bank president Mario Draghi on the potential for increased stimulus measures and a rare spike in crude prices provided a lift to the major indices.
RESULT’S ON 22nd JAN 2016 : ITC,CAIRN INDIA,L&T FINANCE, ATUL,RELIANCE COM, SPICE JET
ONWARD TECH, LUMAX AUTO TECH
Trend in FII flows:
The FIIs were net sellers of Rs -1747.23 Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs 1267.74 Cr, as per the provisional figures released by the NSE.
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