Pre - Session

Market may open slightly higher

14 Feb 2017, 08:35 AM

Key indices are set to open with small gains amid mixed Asian cues as trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 26.85 points at the opening bell. The data showing inflation based on consumer price index dipping to 3.17% in January 2017 may support indices.

Overseas, Asian shares were mixed. Chinas producer prices increased the most since 2011, further lifting the outlook for global reflation with the worlds biggest exporter poised to give more support to gains.

US stocks finished yesterday, 13 February 2017 at records for a third session in row, led by gains in the financials and industrials sectors. Stronger-than-expected profit reports from companies, continued improvement in the US economy and expectations for business-friendly policies from Washington have helped propel the market. Optimism for an improving US economy under Donald Trump has underpinned investors appetite for equities.

Among corporate news, Sun Pharmaceutical Industries, Tata Motors, Adani Enterprises, Adani Ports and Special Economic Zone, Godrej Industries, Rural Electrification Corporation, SpiceJet and Voltas will announce September-December 2016 results today, 14 February 2017.

On macro front, the all-India general consumer price index (CPI) inflation dipped to 3.17% in January 2017 compared with 3.41% in December 2016. The CPI inflation in January 2017 has touched a lowest level for CPI inflation data with base 2012 available since January 2014. The data was announced after market hours yesterday, 13 February 2017.

The government will announce monthly inflation data based on wholesale price index (WPI) for January 2016 today, 14 February 2017. The Wholesale Price Index (WPI)-based inflation rose to 3.4% in December 2016 from 3.2% in November 2016, while snapping decline for last three straight months.

Meanwhile, key benchmark indices eked out small gains in what was a volatile first trading day of the week yesterday, 13 February 2017. The Sensex rose 17.37 points or 0.06% to settle at 28,351.62, its highest closing level since 6 February 2017.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 306.74 crore yesterday, 13 February 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 171.70 crore yesterday, 13 February 2017, as per provisional data.

Powered by Capital Market - Live News

Latest News

  • Pre - Session
  • 18 Oct 2017, 8:18 AM
Market may edge lower in early trade

Trading of Nifty 50 index futures on the Singapore stock

  • Mid - Session
  • 19 Oct 2017, 6:40 PM
Indices edge lower at start of special session

Key benchmark indices edged lower in early trade of muhur

  • Mid - Session
  • 19 Oct 2017, 7:12 PM
Market extends losses

Key benchmark indices extended losses and hit fresh intra

  • Post - Session
  • 19 Oct 2017, 8:26 PM
Indices start Samvat 2074 on a sour note

Trading for Samvat 2074 started on a weak note as key be

​Our Customer Care no. 18004255425 /​ 18002093333 (Toll Free) |​ Now give a Missed Call on 8010-968-318 from registered mobile number to receive complete valuation of your Folio(s) via SMS.​ ​​
Your feedback matters; share it!