Sensex, Nifty to open on a positive note

Asian markets are staging a recovery with China’s Shanghai index off its lows. Japanese benchmark Nikkei is higher while Hong Kong's Hang Seng is flat. South Korea's Kospi has notched some smart gains while Taiwan's TWSE is well in the green. The Indian currency will also hope to see some recovery today.

The stock market bulls will heave a sigh of relief  as the bull in China shop came, damaged and has hopefully gone back for now. The world and its currencies came tumbling down following disappointing China factory data. Geopolitical tensions in the Middle East continue to dominate headlines even as our nation grapples with the Pathankot attack. With the Chinese share market freezing to a close, global indices had no place to run for cover and witnessed one of its worst days in recent times.

The new morning brings hope and chances are indices will stage a rebound at least at start. Tuesday is known for its twists in the market and no surprise if indices fail to sustain the early gains. US indices lost over a percent. Thankfully, Asian markets are staging a recovery with China’s Shanghai index off its lows. Japanese benchmark Nikkei is higher while Hong Kong's Hang Seng is flat. South Korea's Kospi has notched some smart gains while Taiwan's TWSE is well in the green. The Indian currency will also hope to see some recovery today.

The sudden crash due to external events could well be used by long term investors to lap up quality counters. A report indicates that over 75% of blue chips are below their five-year average PE ratios while 55% of mid-cap stocks are above their five-year average PEs.

The National Association of Software and Services Companies shared its perspectives on issues concerning Differential Pricing for Data Services stating that the matter needs careful consideration because of its possible impact on the principles of Net Neutrality.

Accenture Plc reported better-than-expected jump in quarterly revenue, helped by strong growth in its consulting business.The company increased its 2016 net revenue growth forecast to 6-9% from 5-8% in local currency, says report.

JMC Projects (India) Ltd has fixed January 12, 2016 as the Record Date for the purpose of Right Issue.