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Major headlines:

·         Key Indian equity indices trade lower

·         China expresses disappointment at EU favouring continued limits on Chinese solar panels

·         Gold steady but on track for seventh straight weekly loss

Indian Indices:Asian indices opened in the red with week end blues seeing caution ahead of the holiday shortened next week. US indices drifted lower as the 20000 mark still seems within reach even as US GDP growth recorded strong growth coming @ 3.5%.The year end blues saw profit booking in oil & US$ as the rally seems to be getting overstretched.  

Nifty gave up gains for the year as the last 7 days have seen the slow grind downwards gather momentum with 7916 being the last ray of hopes for the bulls. Bears have taken advantage of weak sentiment coupled with year end foreign selling & have seen the index turn negative for the year 2016.For today expect an attempt @ 7916 which was the 21st November low to be tested & defended as markets in extremely oversold territory & ripe for a sharp pullback.

The BSE Sensex is currently trading at 25904.77, down by 74.83 points or 0.29% after trading in a range of 25872.38 and 26007.16. There were 10 stocks advancing against 20 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 0.57%, while Small cap index was down by 0.38%. The CNX Nifty is currently trading at 7951.00, down by 28.10 points or 0.35% after trading in a range of 7942.05 and 7985.45. There were 18 stocks advancing against 33 stocks declining on the index.

Technical view: Nifty to find support around 7916 which was the last low on 21st November& will find resistance around 8050-8080.Bank Nifty also finds support around 17650 while 18143 will act as resistance on the upside.

Market Sentiment:

The market breadth on BSE was negative in the ratio of 468:1585, while 99 scrips remained unchanged.

Trading ideas :BEML (Buy above Rs 964 for target of Rs 1012, SL at Rs 940): Stock was trading in a range of Rs 900 to Rs 930 from past few days. In yesterday's trade, stock managed to break out of the recent trading range, and also close above the same. This led to breakout from an inverse head and shoulder pattern which is bullish in nature. Close above its 200-DMA with credible volume can augur well for BEML. We advise to Buy BEML above Rs 964, stop loss at Rs 940, and Target of Rs 1012.

MacroeconomicFront:The proposed Goa-Mumbai concrete expressway would promote tourism in Goa as well as in the Konkan region, Union Minister for Roads and Transport, Highways and Shipping NitinGadkari said on Thursday, adding that the project would also reduce the rate of accidents along the stretch.

Corporate Snippets:BhartiAirtelsaid its subsidiary Network has entered into a definitive agreement with Egyptian firm Oracom to acquire the latter’s entire equity stake in Middle East North Africa Submarine Cable Systems for and undisclosed amount.

Titan Company inaugurated its revamped store in the upmarket Jubilee Hills area of the city bringing together their retail chains.

RBL Bank has reduced has too launched discount sale on domestic routes.

Texmaco Rail Engg and Kalindee Rail Nirman have received Delhi High Court’s approval to merge the latter with former, the companies notified the bources.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Consumer Durables up by 0.38% and Oil & Gas up by 0.28%, while Power down by 0.99%, Metal down by 0.93%, FMCG down by 0.83%, TECK down by 0.77% and Auto down by 0.76% were the losing indices on BSE.

Nifty Movers:The top gainers on the Sensex were Sun Pharma up by 2.51%, Bajaj Auto up by 0.64%, ONGC up by 0.51%, HDFC up by 0.50% and ICICI Bank up by 0.32%.  On the flip side, Mahindra & Mahindra down by 1.71%, Tata Motors down by 1.53%, Power Grid down by 1.43%, Adani Ports & Special Economic zone down by 1.33% and ITC down by 1.28% were the top losers.

On the global front:On the global front, Asian shares were trading mostly in red, as the stocks stepped back in subdued trade ahead of holiday season. Japan’s stock exchange was closed on account of ‘Emperor’s Birthday’ holiday. The index has posted seven straight weeks of gains, its longest winning streak since early 2013, boosted by the yen’s weakness in the face of a surging dollar.

Global Signals:The Asian markets were trading mostly in red; Hang Seng decreased 125.64 points or 0.58% to 21,510.56, Taiwan Weighted decreased 28.7 points or 0.31% to 9,090.05, Shanghai Composite decreased 24.09 points or 0.77% to 3,115.47, FTSE Bursa Malaysia KLCI decreased 4.02 points or 0.25% to 1,619.18 and KOSPI Index decreased 0.33 points or 0.02% to 2,035.40.On the other hand, Jakarta Composite increased 28.02 points or 0.56% to 5,070.89.

Major headlines:

·         Key Indian equity indices trade lower

·         China expresses disappointment at EU favouring continued limits on Chinese solar panels

·         Gold steady but on track for seventh straight weekly loss

Indian Indices:Asian indices opened in the red with week end blues seeing caution ahead of the holiday shortened next week. US indices drifted lower as the 20000 mark still seems within reach even as US GDP growth recorded strong growth coming @ 3.5%.The year end blues saw profit booking in oil & US$ as the rally seems to be getting overstretched.  

Nifty gave up gains for the year as the last 7 days have seen the slow grind downwards gather momentum with 7916 being the last ray of hopes for the bulls. Bears have taken advantage of weak sentiment coupled with year end foreign selling & have seen the index turn negative for the year 2016.For today expect an attempt @ 7916 which was the 21st November low to be tested & defended as markets in extremely oversold territory & ripe for a sharp pullback.

The BSE Sensex is currently trading at 25904.77, down by 74.83 points or 0.29% after trading in a range of 25872.38 and 26007.16. There were 10 stocks advancing against 20 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 0.57%, while Small cap index was down by 0.38%. The CNX Nifty is currently trading at 7951.00, down by 28.10 points or 0.35% after trading in a range of 7942.05 and 7985.45. There were 18 stocks advancing against 33 stocks declining on the index.

Technical view: Nifty to find support around 7916 which was the last low on 21st November& will find resistance around 8050-8080.Bank Nifty also finds support around 17650 while 18143 will act as resistance on the upside.

Market Sentiment:

The market breadth on BSE was negative in the ratio of 468:1585, while 99 scrips remained unchanged.

Trading ideas :BEML (Buy above Rs 964 for target of Rs 1012, SL at Rs 940): Stock was trading in a range of Rs 900 to Rs 930 from past few days. In yesterday's trade, stock managed to break out of the recent trading range, and also close above the same. This led to breakout from an inverse head and shoulder pattern which is bullish in nature. Close above its 200-DMA with credible volume can augur well for BEML. We advise to Buy BEML above Rs 964, stop loss at Rs 940, and Target of Rs 1012.

MacroeconomicFront:The proposed Goa-Mumbai concrete expressway would promote tourism in Goa as well as in the Konkan region, Union Minister for Roads and Transport, Highways and Shipping NitinGadkari said on Thursday, adding that the project would also reduce the rate of accidents along the stretch.

Corporate Snippets:BhartiAirtelsaid its subsidiary Network has entered into a definitive agreement with Egyptian firm Oracom to acquire the latter’s entire equity stake in Middle East North Africa Submarine Cable Systems for and undisclosed amount.

Titan Company inaugurated its revamped store in the upmarket Jubilee Hills area of the city bringing together their retail chains.

RBL Bank has reduced has too launched discount sale on domestic routes.

Texmaco Rail Engg and Kalindee Rail Nirman have received Delhi High Court’s approval to merge the latter with former, the companies notified the bources.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Consumer Durables up by 0.38% and Oil & Gas up by 0.28%, while Power down by 0.99%, Metal down by 0.93%, FMCG down by 0.83%, TECK down by 0.77% and Auto down by 0.76% were the losing indices on BSE.

Nifty Movers:The top gainers on the Sensex were Sun Pharma up by 2.51%, Bajaj Auto up by 0.64%, ONGC up by 0.51%, HDFC up by 0.50% and ICICI Bank up by 0.32%.  On the flip side, Mahindra & Mahindra down by 1.71%, Tata Motors down by 1.53%, Power Grid down by 1.43%, Adani Ports & Special Economic zone down by 1.33% and ITC down by 1.28% were the top losers.

On the global front:On the global front, Asian shares were trading mostly in red, as the stocks stepped back in subdued trade ahead of holiday season. Japan’s stock exchange was closed on account of ‘Emperor’s Birthday’ holiday. The index has posted seven straight weeks of gains, its longest winning streak since early 2013, boosted by the yen’s weakness in the face of a surging dollar.

Global Signals:The Asian markets were trading mostly in red; Hang Seng decreased 125.64 points or 0.58% to 21,510.56, Taiwan Weighted decreased 28.7 points or 0.31% to 9,090.05, Shanghai Composite decreased 24.09 points or 0.77% to 3,115.47, FTSE Bursa Malaysia KLCI decreased 4.02 points or 0.25% to 1,619.18 and KOSPI Index decreased 0.33 points or 0.02% to 2,035.40.On the other hand, Jakarta Composite increased 28.02 points or 0.56% to 5,070.89.

Major headlines:

·         Monetary policy panel to wait and watch impact of demonestisation.

·         Indian equity market indices open flat

·         Asian shares slilp in holiday thinned trade, focus turns to U.S data

Indian Indices:Asian indices opened flat to marginally weak as US indices also had a rather quiet session with the Dow Jones ending marginally in the red. Pullback in oil prices & yields edging lower were the theme for the day as US$ also saw profit booking. Emerging markets continue to be the favorite punching bag on both currency & equity front as investors exit seeking better opportunities in US equity & bonds.   

Nifty gave up all gains in last half hour & drifted towards 8050 as renewed bout of foreign selling emerged. Banks, IT &Fmcg saw huge profit booking with commodities & auto's seeing buying. For today weak sentiment could see 8000 being tested as year end repatriation by select foreign investors could continue this week.

The BSE Sensex is currently trading at 26060.42, down by 181.96 points or 0.69% after trading in a range of 26027.58 and 26248.45. There were 3 stocks advancing against 27 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 1.04%, while Small cap index was down by 0.93%. The CNX Nifty is currently trading at 7999.75, down by 61.55 points or 0.76% after trading in a range of 7991.50 and 8046.45. There were 9 stocks advancing against 42 stocks declining on the index.

Technical view: Nifty finds last bastion support around 8000 which if broken can see a test of 7916 while 8150 atcs as strong resistance, Bank Nifty also finds support around 17900 with 18350 now acting as resistance.

Market Sentiment:

The market breadth on BSE was negative in the ratio of 468:1585, while 99 scrips remained unchanged.

Trading ideas :DLF (Buy above Rs 118.5 for target of Rs 123.5, SL at Rs 116): Stock was moving in a very narrow trading band from the past six trading sessions between Rs 111.5 and Rs 114. In yesterday's trade, stock managed to close above the same, creating a bullish belt hold candlestick pattern on the daily charts. If stock sustains above Rs 118.5, it would result in a triangle breakout. We advise to Buy DLF above Rs 118.5, stop loss at Rs 116, and Target of Rs 123.5.

MacroeconomicFront:The RBI's December decision to hold its key interest rate at 6.25 per cent was based on the unanimous view of the Monetary Policy Committee to take a prudent "wait and watch" approach pending more information on the full effects of demonetisation and against the backdrop of volatility in financial markets provoked by the then imminent tightening of monetary policy in the US.

Corporate Snippets:BhartiAirtelsaid its subsidiary Network has entered into a definitive agreement with Egyptian firm Oracom to acquire the latter’s entire equity stake in Middle East North Africa Submarine Cable Systems for and undisclosed amount.

Titan Company inaugurated its revamped store in the upmarket Jubilee Hills area of the city bringing together their retail chains.

RBL Bank has reduced has too launched discount sale on domestic routes.

Texmaco Rail Engg and Kalindee Rail Nirman have received Delhi High Court’s approval to merge the latter with former, the companies notified the bources.

Top Sectoral& Stock Screening:  The losing sectoral indices on the BSE were Metal down by 1.68%, Capital Goods down by 1.06%, Power down by 1.03%, Bankex down by 0.98% and PSU down by 0.89%, while there were no gainers.

Nifty Movers:The top gainers on Nifty were Eicher Motors up by 0.64%, Zee Entertainment up by 0.58%, Hindustan Unilever up by 0.50%, BhartiInfratel up by 0.49% and Tata Motors up by 0.44%.  On the flip side, Hindalco down by 2.67%, Adani Ports & Special Economic Zone down by 2.08%, Tata Steel down by 1.93%, Bank of Baroda down by 1.84% and SBI down by 1.64% were the top losers.

On the global front:On the global front, Asian shares were trading in red, after a lacklustre performance on Wall Street, with investors looking to US economic data later in the day for potential catalysts even as markets started winding down ahead of the holidays. The market volumes began to thin out in the run-up to the Christmas holidays with many investors sitting on the sidelines. Many major markets in Asia will remain close on Monday (and a few on Tuesday as well) to observe Christmas.

Global Signals:The Asian markets were trading in red; Hang Seng decreased 197.89 points or 0.91% to 21,611.91, Taiwan Weighted decreased 70.91 points or 0.77% to 9,133.35, Nikkei 225 decreased 52.66 points or 0.27% to 19,391.83, Jakarta Composite decreased 18.08 points or 0.35% to 5,093.31, Shanghai Composite decreased 6.87 points or 0.22% to 3,130.56, KOSPI Index decreased 2.14 points or 0.11% to 2,035.82 and FTSE Bursa Malaysia KLCI decreased 2.09 points or 0.13% to 1,627.50.

Major headlines:

·         FIPB to take up 17 investment proposals on December 28

·         Markets open on a positive note on Wednesday

·         Mutal funds bet on new investors post demonesisation

Indian Indices:  Asian indices opened in the green with the Japanese index "Nikkei" gaining for 11 of the last 12 sessions. Overnight Dow Jones closed @ new record highs & closed within 25 points of 20000.Banks led the gains which could spill over to Asian indices also.Strength in the US$, steady flow of ETF money & rise in US bond yields have been the theme after the Trump victory last month.  

Nifty continues to drift lower as low volumes coupled with weak sentiment add to downturn. The index seems set to bounce from oversold territory as 8050 seems to have been defended on the down side. For today expect second half bounce back led by IT, Financials & Metals which should see value buying coupled with short covering driving prices higher.

The BSE Sensex is currently trading at 26374.27, up by 66.29 points or 0.25% after trading in a range of 26296.26 and 26394.14. There were 21 stocks advancing against 9 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0.37%, while Small cap index was up by 0.44%. The CNX Nifty is currently trading at 8102.15, up by 19.75 points or 0.24% after trading in a range of 8075.85 and 8112.55. There were 33 stocks advancing against 18 stocks declining on the index.

Technical view:   Nifty has found strong support @ 8050 which should hold & faces strong resistance @ 8150. Bank nifty also found support around 18000 which should hold while 18500 will act as resistance on the upside.

Market Sentiment:

The market breadth on BSE was negative in the ratio of 999:1021, while 138 scrips remained unchanged.

Trading ideas :      TCS (Buy above Rs 2344 for target of Rs 2405, SL at Rs 2314): Stock has given a classic double bottom breakout on the daily charts. The stock also managed to close above the important resistance of 2322, which was earlier important historical support for the stock. TCS managed to move above its 50-DMA and sustain above the same with credible volumes. We advise to Buy TCS above Rs 2344, stop loss at Rs 2314, and Target of Rs 2405.

Macroeconomic Front:  Rating agency, Crisil has said that Government's demonetising Rs 500 and Rs 1,000 notes may yield lasting economic benefits but its immediate impact has been "stunningly disruptive", with cash shortages roiling business plans. Commenting on the issue, Crisil Chief Economist Dharmakirti Joshi told the media.

Corporate Snippets: Bajaj Hindustan Sugar Ltd plans to sell its co generation power business to its group company Lalitpur Power Generation Company Ltd for about Rs 18 bn.

Welspun Enterprises Ltd said its board of directors will meet later this week to consider buy back of equity shares.

Sun Pharma said one of its subsidiaries has voluntarily requested the US health regular to withdraw approval for 28 abbreviated new drug applications belonging to Ranbaxy Laboratories.

Jubilant Life Sciences, a global leader in the pyridine, picolines and nutrition industry, announced a price increase of up to 15% on select products.

Top Sectoral& Stock Screening:   The top gaining sectoral indices on the BSE were Realty up by 1.29%, Metal up by 0.76%, PSU up by 0.61%, Power up by 0.56% and Auto up by 0.52%, while Consumer Durables down by 0.15% and FMCG down by 0.14% were the losing indices on BSE..            

Nifty Movers:    The top gainers on Nifty were Hindalco up by 1.94%, Bajaj Auto up by 1.66%, Mahindra & Mahindra up by 1.48%, Eicher Motors up by 1.41% and HDFC up by 1.21%. On the flip side, Zee Entertainment down by 1.11%, Bharti Infratel down by 0.94%, Tata Motors down by 0.92%, GAIL India down by 0.90% and TCS down by 0.83% were the top losers.

On the global front:        On the global front, Asian shares were trading mostly in red. Japan’s government upgraded its overall assessment of the economy, echoing the Bank of Japan’s more upbeat view, in a sign the economy may be steadying. The government also upgraded its view of household spending, exports and business sentiment, saying consumers’ mindsets are improving and exports to Asia are recovering.

Global Signals:     The Asian markets were trading mostly in red; Nikkei 225 decreased 79.08 points or 0.43% to 19,415.45, Taiwan Weighted decreased 10.76 points or 0.12% to 9,231.65, FTSE Bursa Malaysia KLCI decreased 0.59 points or 0.04% to 1,633.93 and KOSPI Index decreased 0.43 points or 0.02% to 2,041.51. On the other hand, Jakarta Composite increased 5.6 points or 0.11% to 5,168.07, Shanghai Composite increased 30.2 points or 0.97% to 3,133.07 and Hang Seng increased 135.07 points or 0.62% to 21,864.13.

Major headlines:

·         Index of mineral production dips by 1.1 % in Oct.

·         Government to examine status of 72 coal blocks

·         Indian equities open marginally in green

Indian Indices:  Asian indices opened flat as nearness to year end saw volumes dry up as markets await 2017. Strength in US$, rise in bond yields & weakness in emerging markets were the theme of the last 2 months of 2016. Gold prices continued to struggle as coupled with slowdown in India the strength in the US$ is another negative going forward into 2017. 

Nifty continues to drift lower on low volumes as foreign flows remain muted with fag end selling seeing Nifty drift closer to 8100.The sentiment being low small rhetoric on effects of demonetization & visible fallout has been impacting sectors with higher impact costs under selling pressure. For today expect IT stocks to lead gains along with energy & gas while consumption, financials & infra remain under pressure.

The BSE Sensex is currently trading at 26407.82, up by 33.12 points or 0.13% after trading in a range of 26361.39 and 26435.56. There were 14 stocks advancing against 16 stocks declining on the index. The broader indices were trading mixed; the BSE Mid cap index was down by 0.35%, while Small cap index was up by 0.04%.  The CNX Nifty is currently trading at 8113.05, up by 8.70 points or 0.11% after trading in a range of 8098.20 and 8124.10. There were 27 stocks advancing against 24 stocks declining on the index.

Technical view:  Nifty now finds support around 8050 with 8150 acting as resistance. Bank Nifty finds support around 18000 while 18500 acts as resistance.

Market Sentiment:

The market breadth on BSE was negative in the ratio of 999:1021, while 138 scrips remained unchanged.

Trading ideas :     RELCAPITAL (Buy above Rs 458 for target of Rs 473, SL at Rs 449): Stock faced multiple resistance around Rs 445-446 in the past few trading sessions. In yesterday's trade, stock successfully closed above the same, breaking out of an ascending triangle formation in the process. Reliance capital also crossed and sustained above its 200-DMA placed at Rs 441.We advise to Buy Relcapital above Rs 458, stop loss at Rs 449, and Target of Rs 473.

Macroeconomic Front: The Indian Government has said that it has revised the North East Industrial and Investment Promotion Policy (NEIIP), 2007, stipulating that all the subsidies to industrial units will be disbursed through the DBT mechanism. Commenting on the issue, a DIPP Official told the media, "Government has decided that henceforth subsidies payable to all industrial units will be disbursed through Direct Benefit Transfer (DBT) mechanism by the Chief Controller of Accounts.

Corporate Snippets: Lupin announced the launch of a generic version of its voriconazole tablets and oral suspension used for the treatment of fungal infections in children.

Cipla has received final approval from the US health regulator for lipid regulating Fenofibrate tablets.

Steel Autority of India is in talks with Japan’s Nippon Steel & Sumitomo Metal Corp and kobe Steel LTd for potential technical agreements to help the firm expand its global footprint.

Glenmark is developing specialty respiratory and dermatology products as a part of its long term growth strategy.

Top Sectoral& Stock Screening:   The top gaining sectoral indices on the BSE were IT up by 1.16%, TECK up by 0.96%, Capital Goods up by 0.64%, Realty up by 0.56% and Consumer Durables up by 0.49%, while Metal down by 0.62%, Bankex down by 0.54%, Oil & Gas down by 0.48%, Auto down by 0.33% and PSU down by 0.22% were the losing indices on BSE.

Nifty Movers:    The top gainers on Nifty were TCS up by 2.14%, Ultratech Cement up by 1.64%, Coal India up by 1.43%, Tech Mahindra up by 1.38% and ITC up by 1.28%.  On the flip side, Bosch down by 2.99%, Aurobindo Pharma down by 2.01%, Bajaj Auto down by 1.93%, Hindalco down by 1.45% and ONGC down by 1.34% were the top losers.

On the global front:        On the global front, Asian shares were trading mostly in red. China stocks fell as Beijing’s move to tighten supervision of shadow banking activities and persistent liquidity concerns restrained risk appetite. China’s central bank said it would tighten supervision of shadow banking businesses by including off-balance sheet wealth management products (WMPs), widely viewed as a source of financial risk, into its risk-assessment framework next year.

Global Signals:     The Asian markets were trading mostly in red; Hang Seng decreased 51.19 points or 0.23% to 21,781.49, Shanghai Composite decreased 17.72 points or 0.57% to 3,100.37, Jakarta Composite decreased 11.31 points or 0.22% to 5,180.61, Taiwan Weighted decreased 2.92 points or 0.03% to 9,236.40 and FTSE Bursa Malaysia KLCI decreased 0.71 points or 0.04% to 1,633.59. On the other hand, KOSPI Index increased 6 points or 0.29% to 2,044.39 and Nikkei 225 increased 99.66 points or 0.51% to 19,491.26.

Major headlines:

·         NMDC to set up Nagarnar steel plant invest 1222 cr

·         Indian equities open marginally in red

·         Asia stocks find relief as China set to return seized U.S drone

Indian Indices:  Asian markets opened weak as overnight US markets again saw huge profit booking emerge closer to 20000 as most people doubled the speed of the rally. The US$ also saw profit booking in Asian trade as energy stocks saw profit booking after a steady rally.

Nifty saw another lacklustre session with index drifting towards 8100 on low volumes. The markets lack direction or news as nearness to year end is seeing foreign investors in slowdown mode awaiting corporate results due mid January. For today expect another flat opening as the markets get oversold with a downward  bias but less downward momentum. 

The BSE Sensex is currently trading at 26449.25, down by 40.31 points or 0.15% after trading in a range of 26369.28 and 26505.66. There were 11 stocks advancing against 19 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 0.04%, while Small cap index was down by 0.04%.

The CNX Nifty is currently trading at 8125.10, down by 14.35 points or 0.18% after trading in a range of 8105.35 and 8128.60. There were 21 stocks advancing against 30 stocks declining on the index.

Technical view: Nifty finds support around 8100 with 8050 likely to be tested on the downside while 8250 acts as strong resistance. Bank Nifty also finds support around 18143 & then 17900 with 18600 acting as strong resistance.

Market Sentiment:

The market breadth on BSE was positive in the ratio of 1036:974, while 117 scrips remained unchanged.

Trading ideas :    ICICIBANK Dec Fut (Sell below Rs 256 for Target of Rs 248, SL at Rs 260): The stock overall trend being down, it is facing selling pressure on every bonce. Two consecutive attempts to get past its 50-DMA and sustain above the same failed. In last weeks trade, stock made a classical bearish flag pattern breakdown, and it may see selling pressure to continue in coming trading sessions. We advise to SELL ICICI Bank Dec Fut below Rs 256, stop loss at Rs 260, and Target of Rs 248.

Macroeconomic Front:    A report by HSBC has said that as economic and political headwinds slow global trade in commodities and manufactured goods, opportunities linked to services will be more and are expected to form 25 per cent of global trade in a sustained manner by 2030.

Corporate Snippets: The exchange informed that effective from December 19, 2016, the equity shares of Laurus Labs Ltd (Scrip Code: 540222) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities.

Jai Corp Ltd is currently trading at Rs 70.7, up by Rs 5.3 or 8.1% from its previous closing of Rs 65.4 on the BSE. The Company's shares are up following the reports on opening of bids for construction of the Navi Mumbai International Airport. The bids are likely to open at the start of January 2017. 

The outlook for the US retail industry in the year ahead is stable, with operating income for the sector growing between 4.0% and 5.0%, and sales in the 3.0% to 4.0% range.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Oil & Gas up by 1.50%, PSU up by 0.62%, Power up by 0.16%, Bankex up by 0.04% and Metal up by 0.03%, while TECK down by 0.40%, Consumer Durables down by 0.37%, IT down by 0.36%, Realty down by 0.33% and Capital Goods down by 0.19% were the losing indices on BSE.

Nifty Movers:   The top gainers on Nifty were Aurobindo Pharma up by 2.53%, GAIL India up by 2.46%, BPCL up by 1.27%, Tata Power up by 1.24% and Idea Cellular up by 1.05%. On the flip side, Adani Ports & Special Economic Zone down by 1.36%, Asian Paints down by 1.29%, Sun Pharma down by 1.15%, Bharti Infratel down by 1.10% and Dr. Reddy’s Lab down by 0.88% were the top losers.

On the global front:       On the global front, Asian shares were trading mostly on cautious note. There is easing worries about rising diplomatic tensions between the world’s two biggest economic powers after China agreed to return a US drone it had seized. A Chinese warship seized a US underwater drone in the South China Sea, which triggered a formal diplomatic protest and a demand for its return.

Global Signals:    The Asian markets were trading mostly in red; Hang Seng decreased 168.42 points or 0.76% to 21,852.33, Taiwan Weighted decreased 79.76 points or 0.86% to 9,247.02, Nikkei 225 decreased 11 points or 0.06% to 19,390.15, Jakarta Composite decreased 2.63 points or 0.05% to 5,229.02 and FTSE Bursa Malaysia KLCI decreased 2.54 points or 0.16% to 1,635.25.