The market held its ground today and closed on a positive note. There were hopes that Nifty would cross 8200, however, this mark was missed and it ended below 8150. Sensex although remained steady but lost momentum towards the end of the day.

Nifty closed 15 points higher at 8142.15 points, while BSE Sensex ended with a gain of 44 points at 26394.01.

Fitch cuts India’s FY17 real GDP growth forecast to 6.9% from 7.4%, medium-term effect of demonetisation unlikely to be large on GDP growth. The Fitch report also added that the RBI policy rate has been slashed by 150bps since the beginning of 2015 which is likely to spur higher GDP growth.

On the global front, Asian stocks closed on a mixed note. The Shanghai Composite index closed higher 0.19% and Hong Kong’s Hang Seng index slipped 0.41% while Nikkei 225 also slipped 0.27%.

In Europe, the FTSE 100 was down 0.45%. CAC 40 and DAX were trading in green while, the US Nasdaq was also down 0.56%.

Gold was trading at Rs 28670 per 10 gms and silver was trading at Rs 40540 per kg.

The Indian rupee was trading at 68.65 per US dollar.

Out of 1182 stocks traded on the NSE, 580 declined and 1034 advanced today.

Top 5 Nifty Gainers: ICICI Bank (1.80%), TCS (1.35%), Adani Ports & Sez (1.34%), Maruti Suzuki (1.27%) and Wipro (1.23%).

Top 5 Nifty Losers: Tata Steel (-0.66%), GAIL (-0.49%), Reliance Ind. (-0.41%), Tata Motors (-0.25%) and Coal India (-0.16%)

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After a volatile session, the Indian stock market ended flat on Monday. The domestic market traded on a flat note during the mid-afternoon session as investors’ sentiments were buoyed on the back of positive Asian markets, coupled with short covering and value-buying.

Today’s upsurge was led by the telecom, realty, power, FMCG, oil & gas, metals, utilities, auto and pharma stocks, while consumer durables, banking stocks and finance stocks closed in red on BSE. Banking stocks recovered after falling up to 4% following RBI’s cash reserve ratio (CRR) hike on incremental deposits.

Nifty closed 13 points higher at 8,127 points, while BSE Sensex ended with a gain of 34 points at 26,350.

On the global front, Asian stocks closed on a mixed note. The Shanghai Composite index and Hong Kong’s Hang Seng index closed higher by 0.5%. Nikkei 225 slipped 0.13%.

In Europe, the FTSE 100 and DAX were trading in red. CAC 40 is trading lower by 1%.

Sadbhav Engineering slipped 2% after the company posted a net profit after tax of Rs 18.5 crore for the quarter ended September 30, 2016 as compared to Rs 27.8 crore for the quarter ended September 30, 2015.

Suzlon Energy gained 2% after the company secured a fourth consecutive order for 50.40MW wind power project from a business house. The project consists of 24 units of S95 90m tubular tower with rated capacity of 2.1 MW. Located in the district of Anantapur, Andhra Pradesh, the project is scheduled for completion in March 2017.

Abbott India soared 4.8%. The company reported 23% increase in standalone net profit at Rs 75 crore for the quarter ended September 30. The company’s net profit in the corresponding quarter of the previous fiscal year was Rs 61 crore.

Sagar Cements galloped 15% on the BSE. The Board at its meeting held on November 28, 2016 inter-alia, fixed an issue price of Rs 800 per equity share (which includes a premium of Rs 790 per share) for the 6,11,986 equity shares of Rs 10 each of the company being issued for cash on a preferential basis, subject to receipt of further necessary approvals as may be required.

Amtek Auto rallied 5.5%. The comnpany has informed BSE that a meeting of the Board of Directors of the Company will be held on November 30, to consider the proposal of infusion of fresh equity by the new investors and restructuring of the Company as proposed by investors. The stock is currently trading at Rs 41.2, up by Rs 2.6 or 6.74% from its previous closing of Rs 38.6 on the BSE.

The Indian rupee was trading lower 22 paise at 68.67 per US dollar.

Out of 1,390 stocks traded on the NSE, 465 declined and 874 advanced today.

Top 5 Nifty Gainers: HDFC (2.82%), Maruti Suzuki (2.43%), M&M (2.33%), Coal India (2.07%) and GAIL (2.05%).

Top 5 Nifty Losers: Sun Pharma (-1.15%), Lupin Ltd. (-0.58%), Cipla (-0.39%), NTPC (-0.37%) and Infosys Ltd. (-0.20%)

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The Sensex, Nifty opened in the green on Friday morning. The domestic market is trading higher tracking positive trade in Asian markets even as investors weighed the prospect of a higher interest-rate environment in the U.S.

Nifty closed with a gain of 142 points at 8,107, while BSE Sensex closed at 26,316, up 456 points or 1.76% from the previous close at 25,860.17 points.

On the economy front, PM Narendra Modi pushed for the need to move towards a digital economy, saying that people have the right to use their money, but that can also be done digitally.

Sun Pharma rose 1%. The US drug regulator has found seven breaches of manufacturing standards at Sun Pharmaceutical Industries Ltd’s formulations plant in Mohali, Punjab, following a recent inspection.

SpiceJet rallied 4.4%. The company will announce its Q2 numbers today.

Jagran Prakashan gained 1.5%. The company said its subsidiary Music Broadcast will raise up to Rs 400 crore through initial public offer.

Vardhman Textiles advanced 1.3%. The board of the company has approved buyback proposal for up to Rs 720 crore.

Reliance Industries is trading marginally lower on the BSE. A flash fire broke out at Reliance Industries’ Ltd refinery complex at Moti Khavdi near Jamnagar on Thursday in which some contract workers were injured, the company said.

Wipro rose 2.2%. The company has informed bourses that it has granted 5,000 Restricted Stock Units under Restricted Stock Unit Plan 2007 effective November 1, 2016 to its identified employee.

Khaitan (India) jumped 4.7%. The company has infomed bourses that it has submitted an application for reference to the Board for Industrial and Financial Reconstruction (BIFR) as it has become a sick industrial company pursuant to the provisions of Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).

Jindal Poly Films dropped 2.9%. The company reported a consolidated net profit of Rs 77 crore for the September quarter, lower than the Rs 99.9 crore in the year-ago period.

Talwalkars Better Value Fitness climbed 3.6% after the management has decided to demerge gym business, thereby transferring gym business of TBVFL to TLL, in the interest of maximising overall shareholder value.

TCS rallied 2.5%. Tata Consultancy Services is rethinking how it appraises its over 3,70,000 employees after scrapping the Bell Curve model.

Sterlite Technologies zoomed 3%.The company informed bourses that Crisil has upgraded the Long term credit rating to ‘CRISIL AA-/Stable’ from ‘CRISIL A+/Watch Developing’ and Short term credit rating have been upgraded to ‘CRISIL A1+’ from ‘CRISIL A1 /Watch Developing’.

LT Foods gained 2.3%. The company has inked a 51:49 joint venture with Kameda Seika, to sell rice-based snacks in India.

Natco Pharma inched up 1% after the pharma company has received final approval from the US health regulator for generic version of Budesonide capsules used for treatment of active Crohn’s disease for the American market.

YES Bank gained 2% To Rs 1,143. The bank announced a partnership with Gujarat State Road Transport Corporation (GSRTC) to digitise payment of bus tickets for its customers.

DLF Ltd is currently trading at Rs 110.6, down by Rs 2.55 or 2.25% from its previous closing of Rs 113.15 on the BSE.

The Indian rupee opened marginally higher by one paise at 68.72/$ against the previous close of 68.73/$.

Out of 1,874 stocks traded on the NSE, 269 declined, 1,213 advanced and 392 remained unchanged today.

Top 5 Nifty Gainers: Bharti Airtel (3.17%), Hero MotoCorp (2.33%), NTPC (1.89%), Bajaj Auto (1.56%) and ITC Ltd. (1.49%).

Top 5 Nifty Losers: SBI (-1.99%), ICICI Bank (-1.77%), TCS (-1.18%), Wipro (-1.13%) and Lupin Ltd. (-0.95%)

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