DIIs Value Buying Ended Market Positive

Jan 10, 2017 | 06:18 PM IST

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

Profit Booking Dragged The Market Down

Share Market News - 28th April-2017 Today’s market opened negative and ended flat due to profit booking and increasing worries over the conflict between the USA and North
Read More>>

Nifty, Sensex At All-Time High; Banks Shine

Market This Week The market is moving in an exactly opposite direction as what majority of the investors are anticipating. The high point of this week was that Sensex and
Read More>>

Free Research Report - Uflex Ltd.

UFLEX Limited is an India-based
Read More>>

Big Boys Of The Indian Stock Market - Part 2

In our pursuit of finding value investors other than Rakesh Jhunjhunwala, in the previous
Read More>>

Market On A Correction Mode

Share Market News -  27th April-2017 Today’s market opened negative and ended flat due to profit booking. Sensex lost 103.61 points to 30029.74; Nifty lost
Read More>>