Thursday, 5 January 2017

Stock Market Update | Sensex TradeBizz Research

Sensex, on Thursday, closed 245points up at 26,878. Sensex advanced with continuous buying by domesticinstitutional investors amid strong global leads. Among sectors, Auto, Infraand Metals gained over 1.8% to 3.0% each. Among stock, Tata Motors, Tata Steeland Adani Ports gained over 3.2% to 4.9% each. Market breadth was positive with 1,962 advances against 887 declines.

Nifty closed 83 points up at8,274. Today, we expect markets to open on a positive note on the back of firm globalcues.

US Markets closed on a mixednote. Dow closed 0.2% lower while Nasdaq gained 0.2%. U.S. stocks fell asinvestors assessed mixed economic data. US markets today will see data releaseson Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate,Trade Balance, Factory Orders m/m and FOMC Member Evans Speaks.

Asian markets are trading ona mixed note; Nikkei is trading 0.4% down, while Hang Seng is trading up 0.4%.SGX Nifty is trading 20 points higher at 8,310. Indian ADRs ended the day on a mixednote. Among financial ADRs, ICICI Bank closed 2.8% up, HDFC Bank closed 2.9% up.Among IT ADRs, Wipro gained 0.7%, while Infosys fell 0.7%. Tata Motors ADR gained1.8%.

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