Wednesday 14 January 2015

Nifty above 8,300 levels

At 9:36 AM, the S&P BSE Sensex is trading at 27,454 up 28 points, while NSE Nifty is trading at 8,311 up 11 points.

The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.

Auto, Consumer Durables, Power, banking, healthcare, capital goods, FMCG, Oil and gas, Metal indices are the gainers, while banking, metal, FMCG indices are losers.


TCS, Tata Motors, Wipro, BHEL, Coal India, HUL are among the gainers, whereas ITC, Hindalco, ICICI Bank are losing sheen on BSE.


The WPI inflation data will be eyed and investors will hope it is better than street expectations like CPI data. ITC could see some selling on reports that the government is seeking to amend the anti-smoking law and may ban sale of loose cigarettes. Stocks like Yes Bank. LIC Housing Finance, Bajaj Finserv and Cipla will swing to the results beat.

OMCs will again be in focus as speculation is rife that Petrol and diesel may become cheaper this week as international oil prices have tumbled to about $45 per barrel.

Weakness in energy shares and fears of deflation pulled down US indices from their highs. The Dow closed 0.15% lower, the S&P 500 shed 0.26% and Nasdaq lost 0.07%.
Asian markets are mixed. Japan's Nikkei 225 index and Hong Kong's Hang Seng index are both trading lower while China's Shanghai is higher.

ING Vysya clocked gains on Tuesday. Warhol Ltd sold its 3.63% in the bank for an estimated Rs 674 crore, says a report.
Jet Airways, which soared 5% on Tuesday could see some swings after its chairman Naresh Goyal pledged his entire shareholding in the carrier of 51%, valued at over Rs2,600 crore, to Punjab National Bank (PNB).

Rishad Premji, the eldest son of Wipro's billionaire chairman Azim Premji, may assume the vice chairman's position in the coming months, according to reports. Rishad is expected to join the board when executive director and CFO Suresh Senapaty retires from the company in March.

Shares of Era Intra Engineering rallied 5% upper circuit on securing contract from NHDP-IV in the state of Chattisgarh.

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