Mark Focus Market Support

Buoyed by a positive trend across most sectors and continued rally in metal stocks, domestic share indices started the session on a positive note.  the BSE Sensex was trading at 33,850, up 56 points, while the Nifty50 was ruling at 10,455, up 11 points. Metal stocks continued to gain on the back of rising global commodity prices. The Nifty Metal Index rose 0.5% in early trade, led by over 1% gains in shares of Vedanta and Welspun Corp. Shares of Tata Motors, which fell 1%, were the worst hit on Nifty50 as the company reported a 9.4% on-year fall in Jaguar Land Rover sales in the US to 11,394 units for December. Shares of SJVN soared over 15% to a lifetime high after the company said its board will meet on Monday to consider a proposal to buyback its fully-paid up equity shares. Barring the Nifty Auto Index, which fell 0.2% all other sectoral indices were 0.1-0.6% higher in early trade. The BSE Mid-cap and BSE Small-cap indices were up 0.60% and 0.41%, respectively. ...

Global markets Major Asian markets are trading in the green at present. Shanghai Composite is up 0.67%, Hang Seng is up 0.49 %, Kospi is also trading  0.33% higher. US markets: US stocks kicked off 2018 on a positive note. The S&P 500 and Nasdaq ended at record closing highs with Nasdaq ending above 7,000 for the first time. The Dow Jones Industrial Average rose 0.4%, to 24,824. The S&P 500 rose 0.8%, to 2,696 while the Nasdaq Composite Index closed at 7,007 up 1.5%. Energy and technology stocks were the major outperformers. European markets closed in the red yesterday with FTSE down 0.52%, CAX down 0.45% and DAX down 0.36%.  FII Data:  In yesterday’s session, FII’s bought 522 crores stock in the cash market, whereas DII’s bought 64 crores worth of stocks. In the derivative market, FII’s sold 1,030 crores of Index futures and bought 1,544 crores worth of Index options. In the Stock futures segment, FII’s sold 415 crores worth of stock futures and bought 18...