Indian benchmark indices snapped two days losing streak and closed at two months high.  

Post the sideways movement till the afternoon session Indian markets broke out in the concluding half an hour where Nifty and Sensex closed 0.65% up at 8289 and 26900 levels respectively. 

Broader markets maintained out performance where mid cap and small cap indices closed 0.8% and 0.7% higher. Market bias remained positive with 1662 advances and 1151 declines.

NSE Nifty jumped 52.55 points to 8288.60, while BSE SENSEX surged 173.01 points to 26899.56.

BSE Metal and BSE Industrials were the top performers with the indices gaining by 1.42% and 1.57%.

PSU Bank Index gained impressively even as all sectoral indices close in green indicating a broad-based rally in markets today

BSE consumer durables and BSE Auto were the other sectoral index that gained more than 1% on Tuesday.

Tata motors, Adani Ports, Tata Steel, Asian Paints, HDFC Bank, GAIL, ICICI Bank and Hero moto Corps were the stocks that gained more than 1% in today’s session. Tata Motors and Adani Ports were the top performers clocking more than 3% gains each.

Nifty traded near 8294 levels and closed just below the crucial level at 8289. Nifty has managed to close above its 200 days EMA at 8242.

Going forward the immediate resistance at 8298-8300 levels remain intact which is also its 100 days EMA level. On the downside 8260 followed by 8228 will act as the immediate supports for now.

IndusInd bank: The stock traded volatile owing to the results declared on Tuesday. The other income was up by 21% at Rs 1,017 crore, Net profit is up by 29% and NII is up at 34% The Gross NPAs were up at 0.94% vs 0.90% (YoY)

MRF/ CEAT/ Apollo Tyres/ JK Tyres: Tyres stocks sizzled on bourses in the second half of the day closer to the market closing hour. The stocks gained in the range of 3.8% to 6%.

Tata Motors: The stock was the highest gainer in Sensex today.

BEL: The stock gained momentum once the reports came out of the stocks going to be split on January 27.

ABB: The stock was in news today as the company is expected to team up with Power grid for a project worth over 4350 Crore.

The rupee was trading at 68.18 against the US dollar.

The market breadth was in favour of advances. About 1658 shares advanced against 1142 declining shares on the Bombay Stock Exchange.

Top 5 Nifty Gainers: Tata Motors (3.24%), Adani Ports & Sez (3.09%), Tata Steel (2.12%), Asian Paints (1.72%) and HDFC Bank (1.68%).

Top 5 Nifty Losers: Axis Bank (-1.25%), Dr. Reddys Lab (-0.64%), ONGC (-0.50%), Lupin Ltd. (-0.49%) and NTPC (-0.43%)

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Indian markets remained mum for the whole day after a positive start. Nifty and Sensex opened on a positive note taking positive cues from US and Asian markets, but remained range bound and finally closed with marginal losses of 0.1% and 0.12% respectively.

NSE Nifty closed with a loss of eight points at 8,236, while BSE Sensex ended with a loss of 33 points at 26,727.

On the global front, Asian markets rose on Monday tracking strong closure from the main three indices of Wall Street. The Markets remained buoyed post US jobs data and ahead of policy measures under the reign of newly elected President Trump. China was moderately higher by 0.5% led by rise in defence stocks while Hang Seng rose 0.25%.

European markets opened lower where investors remained cautious ahead of fresh data from euro zone and volatile energy stocks. However, UK’s FTSE 100 remained up with 0.22% gains amid fall in UK pound.

Going forward our view on Nifty remains intact where we hold 8240-8250 as the immediate resistance followed by the 8300 mark. While on the downside 8230-8200 will act as immediate support followed by 8100.

HCL Technologies was the top gainer while Dr Reddy remained the top loser for the Nifty.

Dr Reddy: The stock is down by 3% on Monday.

TCS: The IT bellwether’s stocks gained bucking the trend for past the few sessions. The stock was up by 1.29% at close of trade.

ITC: ITC crossed its 100-DMA in today’s session and closed up by 1.30% at Rs 245.80 per share on closing basis.

Tata Motors: The stocks sizzled on a dull day for markets by inching up by 0.51% and closing at Rs 500 per share.

Tata Steel: The stock inched up on Monday based on positive sentiment for the steel manufacturer with the steel companies expected to increase the prices for steel in the coming year.

The rupee was trading at 68.19 against the US dollar.

Out of 1,917 stocks traded on the NSE, 607 declined, 933 advanced and 377 remained unchanged today.

Top 5 Nifty Gainers: TCS (1.09%), ITC Ltd. (0.99%), BHEL (0.95%), Maruti Suzuki (0.75%) and Tata Motors (0.62%).

Top 5 Nifty Losers: Dr. Reddys Lab (-3.08%), ONGC (-2.30%), M&M (-1.78%), Coal India (-1.73%) and Asian Paints (-1.69%)

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Indian markets broke out of consolidation and closed a percent higher, after a prolonged breather of three trading sessions, taking positive cues from the Wall Street and Asian bourses.

NSE Nifty closed above 8250 mark at 8273, while BSE Sensex  closed at 26878 levels gaining 245 points.

Barring the IT sector that tumbled 0.9%, all other sectors ended in green with Metal remaining at the forefront with 3% gains.

JSW Steel remained the top gainer in the metal index with 7.8% gains.

Auto sector followed the optimism and gained 2% where Tata Motors DVR and Tata Motors gained the most after Tata Motors posted JLR sales data early in the morning session.

Banks too recovered from prior day losses. All of the bank index constituents were up in green in today’s session.

Tata Motors DVR and Adani Ports were the top gainers while IT giants, Tech Mahindra, TCS and HCL Technologies remained top losers for the Nifty.

Chambal Fertilisers: The stocks sizzled upon reports of Ministry of fertilisers seeking for 80000 crore as subsidy.

Tata Motors: Tata Motors gained with record sales for JLR being reported from US markets.

Yes Bank: Yes bank was the top gainer in the banking space even as Jugnoo enables UPI payments powered by YES Bank on its app.

Bank of Baroda: The stock, in line with the broader trend gained on bourses on intraday basis even as the bank reduced its Marginal cost of lending rate today.

The rupee was trading at 67.79 against the US dollar.

Market breadth remained highly positive with 1950 advances and 885 declines.

Top 5 Nifty Gainers: Adani Ports & Sez (4.70%), Tata Motors (3.43%), Tata Steel (3.26%), Bharti Airtel (2.63%) and ONGC (2.57%). 

Top 5 Nifty Losers: TCS (-1.66%), NTPC (-0.30%), HDFC Bank (-0.13%), and Infosys Ltd. (-0.13%)

To qualify NCFM Capital Market Dealers Module certification examination, register with Intelivisto.com and buy Capital Market comprehensive question bank which features mock test, chapter-wise and full length test as per NCFM standards. It also includes performance analysis tools to analyze the performance. For more information call on: +91-9891224488.