Sensex, on Friday, closed 30 points up at 30645
as revenue-booking pared on the whole gains led by consumer stocks that rallied
after tax for goods and services under a new tax were finalized. surrounded by
sectors, Power, Bank and FMCG gained over 0.2% to 1.9% each. Among stocks,Axis
bank, Hindustan Unilever and ITC gained over 1.8% to 2.8% each. Stock Market breadth
was negative with 1834 declines against 911 advances.
Nifty closed 1.6 points down at 9,428. Today, we
expect markets to open on a positive note on the back of positive worldwide
cues.
US Markets closed on a positive note. Dow closed
0.7% up while Nasdaq closed 0.5% up. U.S. stocks climbed, paring more of
Wednesday’s loss as investors assess the opinionated scrutiny surrounding
President Donald Trump. Today US markets
will see data releases on FOMC Member Brainard Speaks and FOMC Member
Kashkari Speaks.
Asian markets are trading on a positive note;
Nikkei is trading 0.3% up and Hang Seng is trading 0.9% up. SGX Nifty is
trading 24 points up at 9,478. Indian ADRs finished the day on a positive note.
Among financial ADRs, ICICI Bank closed 2.3% up, while HDFC Bank closed 0.1%
down. Among IT ADRs, Wipro closed 0.7% up and Infosys closed 1.2% up. Tata Motors
ADR closed 1.7% up.
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