Indian benchmark indices started the first trading day of 2017 on a positive note, but thereafter it failed to sustain at higher levels and kept losing steam, drifting to the lowest point in the session in early afternoon trade. Auto, Realty and Cement stocks came to the rescue and frontline indices recouped losses in the late afternoon trade, entering into positive terrain for a brief period. Some final hour profit booking ensured that the frontline indices ended the session below the neutral line. Finally the NSE’s 50-share broadly followed index – Nifty settled with trivial losses of six points above the psychological 8,150 levels; while Bombay Stock Exchange’s Sensitive Index – Sensex shed thirty one points and closed below the psychological 26,600 mark.European markets finished broadly higher on Monday with stocks in Germany leading in the region. The DAX is up 1.02 per cent; while France’s CAC 40 is up 0.41 per cent; and London’s FTSE 100 is up 0.32 per cent.The U.S. stocks on Monday remained closed on account of the New Year holiday.Asian equity markets started 2017 on a positive note with Shanghai Composite trading higher by 0.80 per cent and Hang Seng trading higher by 0.68 per cent. Markets in Japan remained shut on account of the New Year holiday. At 8:02 am, SGX Nifty index is trading higher by 20 points at 8,204.5, indicating a positive start for Indian equities. Market participants will react to the country’s core sector data, which showed a decline in output to 4.9 per cent in November 2016 from 6.6 per cent in October. The figures, however, were healthy as compared to the 0.6 per cent registered in November 2015.
Markets may open positive; core sector data to leave its footprints
by SGX Nifty · January 3, 2017
You may also like...
3 Jun, 2016
In opening market trading Friday, the SGX Nifty is higher by 19.5 points as Asian stocks trade mixed. The high...
1 Mar, 2017
Indian benchmark indices got off to a subdued start and they moved in a tight range for the most part...
Markets may open flat to positive; uncertainty looms over global markets as regards Trump’s policies
21 Mar, 2017
Indian benchmarks started off the fresh week on a subdued note, tracking dismal leads prevailing in Asian markets. Thereafter, the...
Special offer only for SgxNifty.org
Also a subscription confirmation mail has been sent to you. If you don't receive it in 5 minutes, then check your spam folder.
Thank you for subscribing!
- Next story India : Post Market Data – 03-Jan-2017
- Previous story India : Post Market Data – 02-Jan-2017