Indian markets bounced back after snapping two days’ losses to close higher by 0.65%.
Barring Realty that closed marginally lower, all other sectors ended in green, where Metal and Auto led the move, all thanks to a 3% rally in heavy weights Hindalco and Tata Motors. Broader markets outshined rising in the range of 0.7-0.8%.
US markets remained subdued where investors awaited start off earnings season and a news conference from President Donald Trump to be held on January 11. S&P 500 closed flat at 2268.9 levels as fall in oil offset the advance in healthcare stocks.
Dow closed marginally lower by 0.16%. However, Nasdaq maintained its winning spree and reported its 4th record close, gaining 0.36% intraday.
European markets closed mostly higher, where UK’s FTSE 100 broke a new record, closing 0.52% up. This was driven by a rally in mining stocks and British Pound devaluation. France's CAC 40 remained flat; and Germany's DAX closed 0.17% up with hopes that Germany's economy would expand 1.5% in 2017.
Asian markets started off Wednesday's session on a positive note, ahead of Donald Trump’s first full-fledged press conference after election. Moreover, base metals remained strongly up driven by buoyant Producers Price Inflation (PPI) data from China. Nikkei 225 is 0.29% up, Hang Seng has surged 0.69%; while Shanghai Composite is flat.
SGX Nifty is trading stronger by 0.37% gains at 8328.5 levels.
We have Banco India and South Indian Bank results to be watched out today.
Nifty may open on a flat to positive note and if it breaks out of 8300 mark, which is its crucial resistance level, we may see another rally of up to 8350 followed by 8380 on the upside.
Barring Realty that closed marginally lower, all other sectors ended in green, where Metal and Auto led the move, all thanks to a 3% rally in heavy weights Hindalco and Tata Motors. Broader markets outshined rising in the range of 0.7-0.8%.
US markets remained subdued where investors awaited start off earnings season and a news conference from President Donald Trump to be held on January 11. S&P 500 closed flat at 2268.9 levels as fall in oil offset the advance in healthcare stocks.
Dow closed marginally lower by 0.16%. However, Nasdaq maintained its winning spree and reported its 4th record close, gaining 0.36% intraday.
European markets closed mostly higher, where UK’s FTSE 100 broke a new record, closing 0.52% up. This was driven by a rally in mining stocks and British Pound devaluation. France's CAC 40 remained flat; and Germany's DAX closed 0.17% up with hopes that Germany's economy would expand 1.5% in 2017.
Asian markets started off Wednesday's session on a positive note, ahead of Donald Trump’s first full-fledged press conference after election. Moreover, base metals remained strongly up driven by buoyant Producers Price Inflation (PPI) data from China. Nikkei 225 is 0.29% up, Hang Seng has surged 0.69%; while Shanghai Composite is flat.
SGX Nifty is trading stronger by 0.37% gains at 8328.5 levels.
We have Banco India and South Indian Bank results to be watched out today.
Nifty may open on a flat to positive note and if it breaks out of 8300 mark, which is its crucial resistance level, we may see another rally of up to 8350 followed by 8380 on the upside.
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