Markets firmly closed at higher levels showing a strong positive bias

Nifty opened at 8499.45 level, up by 23.65 points or 0.27%. Sensex opened at 27462.83, gaining 174.5 points or 0.63%. Broader markets also opened with gains.
 
The market remained at higher levels for whole day. Nifty touched a high of 8612.60 level and managed to close above 8600 level at 8602.75. Though there were uncertainties in the market owing to expiry of derivatives contract of January series, Nifty firmly closed at higher level.
 
There were 874 advances, 589 declines; and 85 remained unchanged in Wednesday’s trading session, showing strong positive bias floating in the market.
 
IT sector is still witnessing the pressure. Nifty IT closed at 10164.45 level losing 37.15 points or 0.36%. TCS outperformed the IT index to close in green, up by 1.67%.
 
Nifty Private Bank was leading the bunch of sectoral indices on NSE. The index closed at 10812.55 level, gaining 2.54%. Kotak Bank was the top gainer in the private banks. The stock closed at Rs 793.90 per share, up by Rs 50.55 per share or 6.80%.
 
BSE Finance emerged as top gainer in Wednesday’s session, and closed up by 2.59%. HDFC contributed 25% to the index gains and pushed the index to higher level.
 
IT, Telecom, Utilities, Power and Teck were showing weakness on BSE with Telecom being the top loser.
 
All the European major indices are currently trading in green. CAC 40 is trading up by 8.62 points and DAX is trading up by 49.18 points.

Nifty rises steadily, crossing 8550 mark

Broader markets are trading strong in Wednesday's trading session, where Nifty and Sensex have crossed the 8550 and 7550 marks respectively, whereas Sensex surged 200 points.

Paper stocks are flying high on the bourses. INTERNATIONAL PAPER AMMP Limited touched high of Rs 323.25 per share, up by Rs 7.5 per share or 2.37%. PUDUMJEE PULP & PAPER MILLS LIMITED has touched high of Rs 22.40 per share, up by Rs 1.20 per share or 5.66% and Ruchira Paper is up by 4.01%.

BSE IT index has recovered in luch hours and is trading in green, with TCS contributing the most to the gains of the index.

At 2 PM, the S&P BSE Sensex is trading at 27558.51, up by 182.88 points, while NSE Nifty is trading at 8550.75, up 74.95 points. A total of 78 stocks registered a fresh 52-week high in trade today, while 10 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap index is trading up 0.65% at 12766.72, whereas BSE Small-cap index is trading up 0.72% at 12930.37.
 
Some buying activity is seen in Consumer Durables, Bankex, Metal, Capital Goods and Auto indices while Healthcare, Telecom and Utilities indices are showing weakness on BSE.
 
Kotak Bank, Bosch Ltd., Zeel, HDFC, Yes Bank, Adani Ports, Axis Bank, Bank of Baroda, Ambuja Cements and ACC are among the gainers; whereas Bharti Airtel, Wipro, Tech Mahindra, Reliance, Idea, Gail, HCL Tech, Infosys, NTPC and Tata Motor DVR are losing sheen on NSE.
 
The INDIA VIX is down by 1.90% at 15.

Nifty is hovering around 8500 levels

Both Nifty and Sensex are hovering around 8,500 and 7,500 levels respectively, in Wednesday's trading session. Broader markets opened in green and are maintaining their positions.

BSE Consumer Durables index is buzzing on bourses and constantly gaining. COMPTON GRIEVES is contributing upto 74% to the sectoral index's gains.

We see BSE Utilities sectoral index is underperforming the broader markets with majority of stocks in the sector losing on bourses. Inspite of heavyweight, TATA POWER being in green the index troubling and is in red.

At 12.00 PM, the S&P BSE Sensex is trading at 27518, up by 142.76 points, while NSE Nifty is trading at 8523.65, up 47.85 points. A total of 67 stocks registered a fresh 52-week high in trade today, while 8 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap index is trading up 0.45% at 128024.53, whereas BSE Small-cap index is trading up 0.78% at 13030.67.

Some buying activity is seen in Consumer Durables, Bankex, Metal, Capital Goods and Auto indices while Healtcare, Telecom and Utilities indices are showing weakness on BSE.

Zeel, HDFC, Kotak Bank, Axis Bank, Bosch Ltd., Yes Bank, Hero MotoCorp, Adani Ports, LT and Tata Steel are among the gainers; whereas Idea, Bharti Airtel, Tech Mahindra, M&M, Wipro, Reliance, Dr. Reddy's, Cipla, BHEL and Auro Pharma are losing sheen on NSE.

The INDIA VIX is down by 4.38% at 14.62.

Markets open in green ahead of F&O expiry

At 9:15 AM, the BSE Sensex opened higher by 85.43 points at 27461.01, while the Nifty50 opened higher by 23.65 points at 8499.45 mark.
 
Rupee opens lower at Rs 68.17 per dollar as compared to previous close at Rs 68.15 per dollar.
 
European markets closed with mixed results. Eurozone’s composite Purchasing Managers Index (PMI) declined to 54.3 in January 2017 from 54.4 in December 2016. Germany’s economy appears to have slowed down as its PMI fell to four months low of 54.7 in January 2017 from 55.2 in December 2016. The DAX of Germany increased 0.43% and the CAX 40 of France rose 0.18%. The FTSE 100 of the UK declined 0.01%.
 
The US stocks closed higher on Tuesday owing to strong corporate earnings. The S&P 500 and the Nasdaq Composite closed at new record highs on Tuesday; while the Dow Jones Industrial Average resumed its march towards the psychologically important 20,000 mark, finishing less than 90 points away from the milestone.
 
Most of the Asian markets are trading in the green on Wednesday following optimistic lead from the US market, wherein the Japanese Nikkei 225 surged over 1 per cent, followed by Hang Seng. China’s Shanghai Composite is trading with minor losses of 0.04 per cent.
 
The SGX Nifty index gained 32 points trading above 8500 mark.