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Lord Jesus Christ Says...

If you want to be perfect, go, sell your possessions and give to the poor, and you will have treasure in heaven. Jesus Christ

22 Jan 2016

STOCK MARKET- MORNING TREND.

9.20 a.m.: Sensex opened with over 200 points gains tracking positive global markets and the Nifty jumped nearly 80 points to reclaim the 7,350 level. 

Gains in the market were led by banking, auto, metal and energy shares, which advanced over 1 per cent each. In the Nifty index Bank of Baroda was the top gainer in the Nifty rising nearly 3 per cent followed by ICICI Bank and Hindalco Industries. Power Grid, Dr Reddy's Lab, NTPC and SBI were the other prominent gainers in the Nifty, rising between 2-2.6 per cent. 

Meanwhile, Idea Cellular was the top loser in the Nifty, fell nearly 5 per cent on weak December quarter earnings. 

9 a.m.: Rupee opens higher at 67.80 per dollar against Thursday's close of 68.02 

8.10 a.m.: The BSE Sensex and the Nifty are likely to open with strong gains on Friday, taking cues from Asian shares, which rallied as much as 4 per cent today. Japan's Nikkei traded 3.5 per cent higher after the European Central Bank hinted about further monetary easing in the coming months. 

The Nifty futures, trading on Singapore Stock Exchange, were up 0.75 per cent or 55 points, indicating a gap up opening for domestic equities. 

Telecom major Idea Cellular, which missed profit estimates in Q3, and low-cost carrier InterGlobe Aviation, which reported a 24 per cent jump in net, will be in focus. 

Tobacco major ITC, explorer Cairn India, Reliance Communications will report their earnings today. 

Energy shares like ONGC and Reliance Industries are likely to witness some pullback today as crude oil recovered from 2003 lows. 

Meanwhile, continued selling by foreign investors will weigh on domestic equities. On Thursday FIIs sold cash shares worth Rs 1,747 crore. However, domestic investors continued to support markets, they have bought shares worth Rs 1,268 crore in cash market yesterday. 

Overnight, US markets closed with modest gains. The Dow Jones index closed 0.74 per cent higher and the S&P 500 gained 0.52 per cent.
Gains in the market were led by banking, auto, metal and energy shares, which advanced over 1 per cent each. In the Nifty index Bank of Baroda was the top gainer in the Nifty rising nearly 3 per cent followed by ICICI Bank and Hindalco Industries. Power Grid, Dr Reddy's Lab, NTPC and SBI were the other prominent gainers in the Nifty, rising between 2-2.6 per cent. 
Meanwhile, Idea Cellular was the top loser in the Nifty, fell nearly 5 per cent on weak December quarter earnings. 
9 a.m.: Rupee opens higher at 67.80 per dollar against Thursday's close of 68.02 
8.10 a.m.: The BSE Sensex and the Nifty are likely to open with strong gains on Friday, taking cues from Asian shares, which rallied as much as 4 per cent today. Japan's Nikkei traded 3.5 per cent higher after the European Central Bank hinted about further monetary easing in the coming months. 
The Nifty futures, trading on Singapore Stock Exchange, were up 0.75 per cent or 55 points, indicating a gap up opening for domestic equities. 
Telecom major Idea Cellular, which missed profit estimates in Q3, and low-cost carrier InterGlobe Aviation, which reported a 24 per cent jump in net, will be in focus. 
Tobacco major ITC, explorer Cairn India, Reliance Communications will report their earnings today. 
Energy shares like ONGC and Reliance Industries are likely to witness some pullback today as crude oil recovered from 2003 lows. 
Meanwhile, continued selling by foreign investors will weigh on domestic equities. On Thursday FIIs sold cash shares worth Rs 1,747 crore. However, domestic investors continued to support markets, they have bought shares worth Rs 1,268 crore in cash market yesterday. 
Overnight, US markets closed with modest gains. The Dow Jones index closed 0.74 per cent higher and the S&P 500 gained 0.52 per cent. 

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