INDIAN EQUITY MARKET OUTLOOK - 04 FEB 2016

INDIAN BENCHMARKS

The Indian markets were trading on a positive note during the morning trading session tracking their Asian peers. Meanwhile, a weak US services data dampened hopes of a further rate hike by the Federal Reserve in the near future helping a rally on Wall Street. Top gainers in early trades include, Cairn India, Vedanta, Hindalco, Coal India and PSU banks such as SBI, PNB and Bank of Baroda. At 9:29 am BSE SENSEX was at 24417.99, up by 194.67 points or by 0.8% while the NSE Nifty was at 7411.45, up by 49.65 points or by 0.67%. The top gainers of the BSE Sensex pack were Oil And Natural Gas Corporation 2.06%, Larsen & Toubro 1.56%, Reliance Industries 1.25%, Asian Paints 1.22%), Adani Ports & Special Economic Zone 1.10%, among others. The top losers of the BSE Sensex pack were Tata Steel 1.43%, NTPC 0.62%, GAIL  0.38%, Bajaj Auto 0.36%, among others.

Global Indices:

Asian shares bounced back in today’s trade after a weak US services data dampened hopes of a further rate hike by the Federal Reserve in the near future which in turn hammered the dollar and spurred a rise in the oil prices. Hang Seng and Shanghai Composite gained between 1.5%-2%. However, Japan’s Nikkei lost 0.7% as yen strengthened against the dollar.

RESULT’S ON  4^TH FEB  2016 :  BAJAJ AUTO, TATASTEEL, TORRENT PHARMA, ZYDUS WELLNESS, GSPL,

Trend in FII flows:  

The FIIs were net  sellers of  Rs -357.13 Cr in the cash segment on Wednesday while the DIIs were net buyers of  Rs 144.78 Cr, as per the provisional figures released by the NSE.

                                    

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