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Monday, 23 January 2017

Sensex Closed Higher, Nifty Hold 8400; Hindalco Up 6% | Nifty Tips For Tomorrow

Equity Benchmark indices closed higher amid consolidation on the first day of expiry week as investors awaited Union Budget that scheduled to be announced next week. The markets opened moderately lower today after US President Donald Trump's inauguration speech but recovered immediately to trade higher for major part of the session. Sensex closing at 27117 levels up by 0.31% or 82.84 points and Nifty gained 42 points or 0.5 %  at 8391.50.

About 1601 shares have advanced, 1142 shares declined, and 272 shares are unchanged. The Rupee closed higher by 1 paise at 68.18 per Dollar.

In Broader market, BSE Small Cap closed up 60 point at 12821 while BSE Mid-Cap hiked 61 points at 12644. In Commodity market, Gold jumped up 150 points at 28,775 and Silver gained 330 points at 41,755.

Asian Market Update: Hong Kong's index Hang Seng trading over 22898 up by 13 points, Shanghai Composite hiked 13 points at 3136 and Japan's index Nikkei declined 246 points to 18891.

Top Gainers: GAIL (2.41%), Tata Motors (1.72%), HDFC (1.68%), Tata Steel (1.55%), Hero Motocorp (1.55%)

Top Losers: ICICI Bank (2.26%), Larsen (1.49%), Axis Bank (1.20%), Sun Pharma (1.00%), Reliance (0.95%)