Market Cautious Ahead Of GST Council Meet

GST Impact

Market Walk 3rd January, 2016

Positive global cues ended market on marginally higher side.
Sensex gained 47.79 points to 26643.24
Nifty gained by 12.75 points to 88192.25
Power Grid gained 2.53% to 188.3

Among the top gainers; Coal India Ltd by 2.32% to 307.0, BHEL by 2.04% to 125.0, Yes Bank by 1.87% to 1166.0, Axis Bank by 1.61% to 454.95.

Among the top losers; Bharti Airtel lost 3.23% to 300.95. Idea Cellular by 2.4% to 73.15, Hero Moto Corp by 1.34% to 2989.9, Tata Motors by 1.34% to 480.5, Ultra Tech Cement by 1.23% to 3330.0.

Bharti Airtel was the biggest loser among Sensex 30 stocks, down by 2.4 percent after it offered free data for 12 months to customers who switch to Airtel 4G and 3 GB free data every month till December 31 on select 4G plans. Crude oil prices hit 18-month high today, up by more than 2 percent, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will drain a global supply glut.

Stocks to Watch: Uflex is on up side while Bharti Airtel is on down side.

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