Indian benchmark indices closed at their highest level in two-and-a-half months on Tuesday as metal and auto stocks rallied, while hopes for economic incentives at the annual budget next week lifted sentiments. TVS Motors surged over 5 per cent after the company reported 10.37% rise in its net profit at Rs 132.67 crore in Q3FY17, as compared to Rs 120.21 crore for the same quarter in the previous year. At the end of the day, the NSE’s 50-share broadly followed index Nifty, rallied by a per cent to settle above the crucial 8,450 support level; while Bombay Stock Exchange’s Sensitive Index, Sensex accumulated over two fifty points and closed above the psychological 27,350 mark.European market ended Tuesday’s session on a cautious note with the DAX of Germany gaining 0.43 per cent and the CAC 40 of France gaining 0.18 per cent. The FTSE 100 of the U.K. corrected 0.21 per cent.The U.S. stocks finished higher on Tuesday with the S&P 500 and Nasdaq Composite setting record highs after upbeat corporate earnings boosted investors sentiments. The Dow Jones Industrial Average rose 112.86 points to end at 19,912.71. The S&P 500 index closed up 14.87 points at 2,280.07, and the Nasdaq Composite Index finished up 48.01 points at 5,600.96. Asian stocks are trading upbeat on Wednesday, wherein Nikkei 225 is trading higher by 1.09 per cent at 18,995.68. Hong Kong’s index Hang Seng has gained 76 points; and Shanghai Composite has gained 1.89 points.At 8:00 am, SGX Nifty index has gained 32 points to 8,517.50, indicating a solid start for Indian equities. Blue chip stocks like Maruti Suzuki, Kotak Mahindra Bank and Wirpo are slated to post quarterly earnings today. Additionally, we have F&O expiry for the January series.
Markets may open positive propelled by strong global cues, but the graph will remain volatile on F&O expiry
by SGX Nifty · January 25, 2017
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