Wednesday, 27 January 2016

MARKET WILL BE VOLATILE ON BOTH DIRECTIONS DUE TO DERIVATIVES EXPIRY

“BUY SBIN ABOVE 184 TG 185,187 SL 182”
Asian equity markets ended mostly higher on Wednesday. Sensex closed marginally higher at 24492 up .The NSE's Nifty ended at 7433. The midcap index gained about 0.30 %, during the sessions while the smallcap index rose 0.57 %. For the whole of January, Inter Globe is down 27 %.  The midcaps were under pressure after most of their reported earnings missed top line expectations among other recently-listed stocks. Investors turned cautious ahead of the outcome of the US Federal Reserve's two-day rate setting meeting later in the day, which is widely expected to keep interest rates unchanged. The market breadth was marginally positive as 1357 stocks advanced while 1198 declined. As the major global markets are mostly correlated, so it is very difficult for one single market to stand out and start a rally on its own. Havells India shares recovered nearly 4 % post Q3 result. The scrip was trading 0.40 per cent down at Rs 300.Indices remain in consolidation mode ahead of the outcome of US Fed meet which concludes tonight. Bounce back in the commodity prices and positive global markets lifted the sentiments. BHEL, Ambuja Cement, Asian Paints, HUL and Hero MotoCorp slid between 2% and 4 %.
Top Gainers
NTPC, DR. REDDYS LAB, TATA MOTORS, TATA STEEL, SBI
Top Losers
 BHEL, ASIAN PAINTS, HIND. UNILEVER, HERO MOTOCORP, AXIS BANK

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