Higher top, higher bottom in the making; A grand rally in the offing?

ET Markets Daily Brief | Sat, Jan 14, 2017 | 03:24 PM IST Follow ET Markets

NOT TO MISS #StocksInNews,#Recos,#Expert Views,#IPOs,#Commodities

Higher top, higher bottom in the making, should set a solid base for a grand rally Despite Donald Trump's strong message, stocks of IT and pharma companies have remained calm, which depicts their unwillingness to go down further. Bird's eye view: Nifty50 looks poised to consolidate; watch IT, infra, metal stocks Though a quiet opening is expected to the next week, the Nifty is likely to consolidate in a capped range with 8,445 and 8,520 acting as immediate resistance. Donald Trump to take office on January 20; 5 cues to watch for Indian markets Donald Trump's tenure as the US President will be marked by uncertainties involving disruptive policymaking in order to protect jobs for US natives.

Interview One to One Chandra is a Tata man. He is used to the Tata values and the Tata ethos of doing business. So for him, it is going to... Deepak Parekh , HDFC

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Market Watch 14 Jan | 03:24PM| SENSEX NIFTY USD/INR GOLD 27238.06 ↓-9.10 8400.35 ↓-6.85 68.15 ↑0.07 28381.00 ↓-12.00

Gainers Losers 14 Jan, 2017, 03:24PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low India Tourism Development Corporation Ltd. 256.00 19.99 95001 256.00 218.00 India Steel Works Ltd. 4.69 19.95 89317 4.69 3.91 Atlas Cycles (Haryana) Ltd. 642.80 19.57 851652 645.10 527.00

Tweet of the day... US stock bulls have got it wrong, says Amundi

FROM THE NEWSPAPER

What can you expect in Union Budget 2017? FM may have good news for auto sector Post demonetisation, the forthcoming Union budget, which is scheduled for February 1, would be a litmus test for the government, says DK Aggarwal. The week that was: Sensex, Nifty50 extend gains for third straight week Most of the sectoral indices ended the week in green. The BSE Metal index surged over 5 per cent following firm copper prices in international market. View: Is India really ready to usher in a universal basic income programme? Ritesh Jain read some interesting write-ups this week about how water is emerging as one hell of a business and whether earnings really drive market. Week 2: 10 stocks that surged up to 54% on BSE Sensex advanced 1.79 per cent during the second week of 2017. Likewise, the Nifty index of NSE climbed 156.55 points, or 1.90 per cent, to 8,400.35. Infosys stares at a weak Q4 with anaemic revenue growth Infosys said it expected revenue in the dollar terms to grow by 7.2-7.6% for FY17 slashing it from the earlier expectation of 7.5-8.5%.

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