Sensex, Nifty to tumble at start

China’s market is marching towards bear territory and all efforts of the government to stem the fall and restore investor confidence have gone to the winds. For now Shanghai Composite is down nearly 2%. Japan’s Nikkei has fallen over 3% while Hong Kong’s Hang Seng shed around 2%. US stock indices tumbled on Wednesday with the S&P 500 and the Dow Jones Industrial Average hitting their lowest levels since Sept. 29, 2015.

A Thursday thud is on its way after a winning Wednesday as markets world  over are sinking yet again. Index heavyweight Reliance Industries Infosys, Tata Motors, Hindustan Unilever and HDFC had led the pullback. But today is a different story. Infosys is set to deliver a tepid growth due to seasonality and lower spending by top clients. The company is likely to maintain its full year growth guidance.  Infy growth rate is expected to converge with the industry by FY17 thus supporting valuation and in case it falls with the overall market, investors may want to grab some shares. Mastek and Cyient will also be announcing results.

The outlook is a crash at start. China’s market is marching towards bear territory and all efforts of the government to stem the fall and restore investor confidence have gone to the winds. For now Shanghai Composite is down nearly 2%. Japan’s Nikkei has fallen over 3% while Hong Kong’s Hang Seng shed around 2%. US stock indices tumbled on Wednesday with the S&P 500 and the Dow Jones Industrial Average hitting their lowest levels since Sept. 29, 2015. The S&P 500 fell 2.5%. The Dow sank 2.2% and Nasdaq slumped 3.4%, to end at 4,526.06, its lowest point since Aug. 25, 2015.

Finance Minister Arun Jaitley reportedly said that World Economic situation is challenging. India showing signs of revival & growing at around 7.5%, Jaitley said.

Jaitley stated that the tax collections have shown consistent rise during April-December.

BSE to remove AB Nuvo & add Cadila Health from  S&P BSE 100 Index. Report says that BSE will add Chola Investment in S&P BSE 200 Index.  BSE will also add Adani Transmission in S&P BSE 500 Index.BSE Index Changes will be effective from January 20

Almost 73 per cent of the total investments worth over Rs 3.3 lakh crore attracted by infrastructure sector in various segments that are under construction in the public-private partnership (PPP) mode are concentrated in roads and bridges, noted a just-concluded ASSOCHAM-SREI joint study.

The Government cleared a crop insurance scheme under which farmers' premium has been kept at a maximum of 2% for foodgrains and oilseeds and up to 5 per cent for horticulture/cotton crops, says report.