Friday 12 January 2018

Today's Stock Market Trading Tips-Sensex, Nifty trade higher despite Brent crude hits $70 a barrel

Equity benchmarks opened at fresh record high on last day of the week, with the Nifty inching towards new milestone of 10,700, tracking record highs on Wall Street.

The 30-share BSE Sensex was up 112.01 points at 34,615.50 and the 50-share NSE Nifty rose 31.10 points to 10,682.30.
About four shares advanced for every share falling on the BSE.
TCS fell nearly 1 percent on profit booking. Brokerage houses maintained their ratings following in-line numbers.
Infosys gained 0.5 percent ahead of Q3 earnings later today. A CNBC-TV18 poll expects 1 percent growth in dollar revenue.
Vedanta, IOC and Indiabulls Housing Finance were other gainers.
Nifty Midcap index was up 0.4 percent. Amtek Auto, Subros, Sarda Enegy and Aban Offshore gained 3-5 percent while Sintex Plastics fell 4 percent.
All three major US indices finished solidly higher at records as investors appeared to jump at the chance to buy stocks at lower prices following Wednesday's modest pullback.


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