INDIAN EQUITY MARKET OUTLOOK-05 JANUARY 2016

Sgx Nifty

INDIAN BENCHMARKS were trading on a positive note during the morning trading session tracking a rebound in China after the regulator planned to unveil measures to boost its economy. HDFC contributed the most to the Sensex gains along with Tata Motors and engineering major L&T. At 9:36AM BSE SENSEX was at 25653.68, up by 30.33 points or by 0.12% while the NSE Nifty was at 7814.6, up by 23.3 points or by 0.3%. The BSE MIDCAP was at 11131.33, up by 20.88 points or by 0.19% while the BSE SMLCAP was at 11860.16, up by 52.34 points or by 0.44%. 

The top gainers");'> gainers of the BSE Sensex pack were Tata Steel 2.33%, ONGC 1.26%, GAIL 1.08%, BHEL 0.97%, Tata Motors 0.76%, among others. 
The top losers");'> losers of the BSE Sensex pack were SBI 0.75%, Axis Bank 0.64%, Coal India 0.56%, Infosys 0.56%,  HUL 0.48% among others. 

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of total 1759 shares traded, 1338 shares advanced, 366 shares declined while 55 were unchanged. Among the sectoral indices on BSE, BSE Oil&Gas index was at 9528.63, up by 69.34 points or by 0.73% led by Petronet LNG 2.10%, ONGC 1.26%,  IOC 1.24%, GAIL (India) 1.08%, Cairn India 0.90%. 
Asian stocks were trading with marginal gains with Chinese stocks witnessing a recovery from early lows after the rout in the previous session. Shanghai Composite was up 0.4% while Nikkei rose 0.4%. Among others, Hang Seng was trading flat with negative bias while Straits Times was trading flat.

Trend in FII flows:   The FIIs were net  sellers of  Rs -667.15 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs 222.78 Cr, as per the provisional figures released by the NSE.

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