At the end of trading hours, the only positive is that the indices have closed in green. Sensex opened on a high note and more or less was stagnant in terms of variations throughout the day. Similarly, Nifty too stayed flat throughout the day.

Nifty closed with a gain of 14 points and closed at 8,143.15, while BSE Sensex ended with a gain of 44 points at 26392.76.

On the global front, most Asian indices closed in green and marginally up. In Europe, the FTSE 100 was down 0.08%. CAC 40 and DAX was up 0.29% and 0.06% respectively while, the US Nasdaq was also up 1%.

All eyes are set on the RBI’s monetary policy meeting today. The results of the meeting will be out within a few hours.

Today’s monetary policy announcement is crucial as it is likely to offer some guidance on the demonetisation drive. Apart from that, the announcement will also offer some clarity regarding economic growth and inflation.

A rate cut, or the lack thereof, is not as crucial as the governor’s thoughts on the impact of demonetisation. We want to know whether he expects the near-term demand slowdown to have a snowball effect on the economy and specific businesses. But no one at the RBI has offered a concrete view so far.

Gold was trading at Rs 27,935 per 10 gms and silver was trading at Rs 41,240 per kg.

The Indian rupee was trading at 67.92 per US dollar.

Out of 1882 stocks traded on the NSE, 698 declined and 904 advanced today.

Top 5 Nifty Gainers: Adani Ports & Sez (1.87%), HDFC (1.87%), M&M (1.26%), Hero MotoCorp (1.20%) and Tata Motors (1.02%).

Top 5 Nifty Losers: Sun Pharma (-4.28%), TCS (-1.02%), Lupin Ltd. (-0.80%), Wipro (-0.48%) and Tata Steel (-0.44%)

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While the day began with both the Indices trading in red, there was some momentum gained towards the end. The Auto and Bank sectors activities ensured that the Sensex and Nifty ended in green. When the market closed, Sensex gained more than 100 points while Nifty gained 42 points and closed above 8100.

Nifty closed with a gain of 42 points and closed at 8,128.75, while BSE Sensex ended with a gain of 118 points at 26349.10.

On the global front, most Asian indices closed in red and marginally down. In Europe, the FTSE 100 was up 0.52%. CAC 40 and DAX was up 1.39% and 1.65% respectively, where all indices were trading in green while, the US Nasdaq was also up marginally.

The performance of India’s service sector weakened in November as a result of cash shortages. New business declined for the first time since June 2015, leading to a solid reduction in activity. Correspondingly, backlogs of work rose, while employment increased only marginally. In spite of the falls in output and new orders, optimism regarding future activity improved. Input costs were broadly unchanged, whereas prices charged decreased slightly.

Dropping from 54.5 to 46.7 in November, the seasonally adjusted headline Nikkei India Services Business Activity Index moved into contraction territory for the first time since June 2015 and pointed to the sharpest reduction in output for almost three years. Anecdotal evidence highlighted a lack of cash in the economy. Activity decreased in three of the six monitored sub-sectors, namely Financial Intermediation, Hotels & Restaurants and Renting & Business Activities.

Factory production rose further during the month, but the rate of growth eased. Concurrently, the seasonally adjusted Nikkei India Composite PMI Output Index dipped from October’s 45-month high of 55.4 to 49.1 in November, thereby pointing to a slight contraction in private sector activity overall.

As was the case for activity, new business inflows at services firms declined during November. The fall in new work was the first in 17 months and the steepest in over three years.

Gold was trading at Rs 27,925 per 10 gms and silver was trading at Rs 40,950 per kg.

The Indian rupee was trading at 68.26 per US dollar.

Out of 1436 stocks traded on the NSE, 594 declined and 788 advanced today.

Top 5 Nifty Gainers: GAIL (1.84%), HDFC (1.78%), NTPC (1.36%), Infosys Ltd. (1.35%) and Adani Ports & Sez (1.23%).

Top 5 Nifty Losers: Hind.Unillver (-0.86%), ITC Ltd (-0.82%), Axis Bank (-0.65%), Asian Paints (-0.62%) and BHEL (-0.27%)

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The Reserve Bank of India has decided to revise ceiling for issue of securities under Market Stabilisation Scheme (MSS) to Rs 6 lakh crore from Rs 30,000 crore earlier.

Nifty closed 106.10 points lower at 8,086.80, while BSE Sensex ended with a loss of 329.26 points at 26,230.66.

On the global front, European markets made a negative start on Friday as political uncertainty in Italy and France intensified. Sunday’s referendum in Italy continues to worry investors as it could spark fresh elections and complicate the recapitalization process of Italian banks. Investors also remained cautious ahead of the US jobs report due tonight.

The India VIX (Volatility) index was up 7.46% at 17.9325. The BSE Midcap closed at 12199.18 and Smallcap indices closed at 12083.20, both indices ending 1% lower.

On the global front, most Asian indices closed in red and marginally down. In Europe, the FTSE 100 was down 0.99%. CAC 40 and DAX was down 1.33% and 0.93% respectively, where all indices were trading in red while, the US Nasdaq was down 1.38%.

Barring information technology stocks, all sectoral indices have opened the day on a positive note with metal, auto and infrastructure stocks witnessing maximum buying interest.

Steel stocks are trading mixed with Tayo rolls and Adhunik metaliks leading the losses. As per an article in The Economic Times, the government has extended the minimum import price (MIP) for 19 colour-coated and galvanized steel products till 4 February 2017, without tweaking the price range. The MIP ranges between US$643 a tonne and US$752 a tonne. The 19 products include semi-finished products of iron or non-alloyed steel, flat-rolled products of different widths, bars and rods.

Gold was trading at Rs 28,263 per 10 gms and silver was trading at Rs 39,728 per kg.

The Indian rupee was trading at 68.23 per US dollar.

Out of 1542 stocks traded on the NSE, 1182 declined and 295 advanced today.

Top 5 Nifty Gainers: Lupin Ltd. (2.10%), Bharti Airtal (1.87%), Hind.Unillver (1.68%), M&M (1.39%) and ONGC (1.39%).

Top 5 Nifty Losers: HDFC (-2.73%), TCS (-1.50%), Dr Reddys Lab (-0.75%), Wipro (-0.70%) and Sun Pharma (-0.62%)

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