Tuesday, 19 January 2016

Trading Comment on Stock Market

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The market bounced back on Tuesday despite mixed Asian cues. The 30-share BSE Sensex rose 106.84 points to 24295.21 and the 50-share NSE Nifty went up 37.70 points to 7388.70. Axis Bank, ICICI Bank, Reliance Industries, NTPC, Adani Ports, Tata Steel and Bank of Baroda gained more than 1 percent while Cipla, Coal India, TCS, ITC, ONGC, Zee Entertainment, M&M, Cairn India and Grasim were losers.

Indian markets are likely to open higher on Tuesday tracking gains in other Asian markets, which reacted positively to China's fourth-quarter GDP numbers. Nifty futures trading on Singapore Stock Exchange is up 21 points at 7,380. 

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