Today’s Market Closing Update : 18th January

Equity benchmarks closed off day’s high for the second consecutive session Wednesday as investors eyed corporate earnings. Globally investors awaited Friday’s inauguration of Donald Trump as US president. The Nifty reclaimed 8450 intraday after the tax department kept in abeyance its recent circular on indirect transfer of shares by foreign investors. The 30-share BSE Sensex rose 21.98 points to 27257.64 and the 50-share NSE Nifty rose 19 points at 8417 while broader markets outperformed. The BSE Midcap and Smallcap indices gained around half a percent. Experts expect the market to move gradually higher amid consolidation ahead of Union Budget, the next big trigger, on consistent support from domestic inflows.

Today’s Top NSE Gainers – Ultra Tech Cement, Hindalco, BHEL, Tata Steel, HUL
Today’s Top NSE Losers – Idea Cellular, NTPC, Hero Motocorp, Bosch, Bharti Airtel

BUY NAHARSPING ABOVE 157 TARGETS 158.5 , 160 , 161.5 STOPLOSS 154
BUY WELSPUNIND ABOVE 77 TARGETS 77.7 , 78.4 , 79.1 STOPLOSS 75.6
BUY GLOBALVECT ABOVE 134.5 TARGETS 135.8 , 137.1 , 138.4 STOPLOSS 131.9