DIIs Value Buying Ended Market Positive

Jan 10, 2017 | 06:18 PM IST

GST Impact

Market Walk 10th January, 2016:

Positive start kept momentum driven by banks and autos. Sensex gained 173.01 points to 226899.56 Nifty gained 52.55 points to 8288.6 Hindalco gained 4.46% to 165.05

Among the top gainers were Tata Motors by 3.55% to 517.9, Adani Ports by 3.23% to 293.9, Tata Motors DVR by 2.93% to 327.0, Tata Steel by 2.35% to 431.9.

Among the top losers were Axis Bank lost 1.09% to 447.8. Grasim by 0.95% to 850.45, ACC by 0.79% to 1313.30, Dr Reddy by 0.59% to 3042.0, Cipla by 0.52% to 573.7.

Domestically, verdict of five state elections in March, Union Budget in February, developments over rollout of GST and other executive actions hold key to earnings and sentiments. Global factors that are likely to dictate trend in the markets include US President-elect Trump's economic policies, outcome of the French and German elections, how the UK manages 'Brexit' and the path of CNY. IndusInd Bank gained 0.2 percent today after slightly better-than-expected quarterly earnings. The private sector lender reported a 29.2 percent growth in profit and 34.5 percent in net interest income on yearly basis while its asset quality moderately weakened during the quarter. Hindalco Industries shares rallied 4 percent.

Stocks to Watch: SBI is on up side while Cipla is on down side.

Click Here for SHARE MARKET NEWS for 9th Jan'2017

 

ABOUT AUTHOR

Niveza Research Desk : We are a team of stock market nerds trying to stay ahead of the herd. We spend our grey cells everyday to a pave a smooth road for our clients in the shaky world of stock market. While...
FULL BIO

LEAVE A COMMENT

RECOMMENDED READING

Sensex At 35000 & Nifty At 10800; Banks Rally

Share Market News – 17-January-2018 The market on Wednesday opened on a positive note as Sensex was up by over 60 points to trade above 34,800 levels while Nifty was up by 15 points to trade above 10,700 but soon it turned
Read More>>

Nifty Above 10,700 For First Time; Sensex Misses The 35K Milestone

Share Market News – 15-January-2018 The market on Monday began on a positive note as Sensex was up by 180 points to trade above 34,700 levels while Nifty was up by 50 points to trade above 10,700 for the first time. The
Read More>>

Bulls Take Charge As Sensex & Nifty Scale New High

Market This Week The New Year cheer extended for the second consecutive week as the benchmark indices once again continued to hit new record highs throughout the week backed
Read More>>

Free Research Report - Himatsingka Seide Ltd

The Himatsingka Group focuses on the manufacturing,
Read More>>

Why Settle For Less? The Best Tax Saving Investment

The tax season starts with the new year and all the salaried and business people scurry around to find the hacks to save maximum tax. The problem with people's perception is that they tend to think of Income Tax Act as an incomprehensible text
Read More>>