At 9:17am (IST), the BSE Sensex was trading at 19531, up 45 points over the previous close. It had earlier touched a day's high of 19546 and a day's low of 19514. It opened at 19514.
The NSE Nifty was quoting at 5,942, up 11 points over the previous close. It earlier touched a day’s high of 5,945 and a day’s low of 5934. It opened at 5,934.
The BSE Small-Cap index and BSE Mid- Cap index was trading flat.
Wipro, Tata Power, ICICI Bank, Tata Power, Bharti Airtel, L&T, Bajaj Auto, NTPC, Sun Pharma, BHEL, Coal India, Tata Steel, are among gainers in Sensex and Nifty.
RIL, Infosys, TCS, HDFC Bank, ONGC, HUL are among losers in Sensex and Nifty.
HC, PSU, Power,Realty, Metal, Consumer Durables, Bankex, Capital Goods, Metal, are the gainers.
IT, Teck and Oil and Gas indices are the losers.
Results watch: XL Energy
Trends in FII flows: The FIIs were net buyers of Rs8.38bn in the cash segment on Thursday, while the domestic institutional investors (DIIs) were net sellers of Rs6.62bn, as per the provisional figures released by the NSE.
The foreign funds were net buyers of Rs7.19bn in the cash segment on Wednesday, according to the SEBI figures.
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The market witnessed a turnaround of sorts after Mayawati announced that her party, the Bahujan Samaj Party's will vote in favour of the government. The Rajya Sabha is geared to vote on the government's decision to allow Foreign Direct Investment (FDI) in multi-brand retail today.
With 244 members, the government may manage to barely scrape through. With 94 MPs and nine nominated MPs, the UPA is more or less assured of 103. It would have been 104 but Sachin Tendulkar is busy on the cricket field battling England. Mayawati's 15 MPs takes the total to 118. Samajwadi Party with 9 MPs may abstain.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.