Sunday, April 3, 2016
INDIAN EQUITY MARKET OUTLOOK- 4 Apr 2016
Sensex up over 100 pts, Nifty reclaims 7750 on global cues
The market has started off week on a positive note, tracking global cues post US jobs data. The 30-share BSE Sensex rose 125.18 points to 25394.82 and the 50-share NSE Nifty climbed 38.15 points to 7751.20.
Adani Ports, Tata Motors, BHEL, Dr Reddy's Labs, TCS, Tata Power and Idea Cellular were early gainers while ITC lost 2 percent.
Global market were firm after data showed the US added 2.15 lakh jobs, against an expected 2.05 lakh in March. Asian markets were trading higher with Nikkei rising 0.2 percent. Singapore's Straits Times gained 0.7 percent. China, Hong Kong and Taiwan markets are shut today.
Major Headlines of the day:
Bajaj Auto to ready a Royal Enfield rival.
Adani wins nod for Australian coal project.
India Ratings downgrades Renuka Sugar
Trend in FII flows:The FIIs were net sellers of Rs -214.01 Cr in the cash segment on Friday while the DIIs were net buyers of Rs -519.91 Cr, as per the provisional figures released by the NSE.
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