Wednesday, 18 January 2017

Research Infotech Morning Bell : Nifty Holds 8400, Sensex Opens Flat, BHEL, Tata Motors Gainers

Indian equities may be slightly weaker, tracking movements on SGX Nifty. Asian markets are trading higher with the Nikkei up 1 percent on the
back of a weaker yen. The drop in currency boosted export-oriented shares in the trade. Meanwhile, the Korean market is trading flat. 

The Market has opened flat but the Nifty has managed to hold 8400. The Sensex is down 26.43 points or 0.1 percent at 27231.21 and the Nifty is down 7.10 points or  at 8409.90. About 498 shares have advanced, 278 shares declined, and 154 shares are unchanged. BHEL, Tata Motors, Dr Reddy's, Adani Ports and Asian Paints are gainers while Axis Bank, GAIL, HUL, ITC, Sun Pharma, TCS are losers in the Sensex.

On the Wall Street, stocks closed mostly higher riding on rise in financials after Federal Reserve Chair Janet Yellen’s comments on gradually raising interest rates. Financials have rallied since the US election on expectations of higher rates and of reduced regulations under President-Elect Donald Trump. However, yields on 10-year treasuries climbed 10 basis points to 2.42 percent. The S&P 500 ended slightly higher, while the Dow Jones closed down 0.11 percent. 
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