Sensex, on Wednesday, closed10 points down at 26,633. Market traded sideways and ended lower, hit byselling by foreign investors towards the close of the session amid a subduedtrend in Europe. Amongsectors, Oil & Gas and Banks lost over 0.6% to 0.8% each, while Realtygained 2.4%. Among stocks, Cipla (NS:CIPL), ICICI Bank (NS:ICBK) and Reliance lost over 1.1% to2.0% each. However, market breadth was positive with 1,597 advances against1192 declines.
Nifty closed 2 points downat 8,191. Today, we expect markets to open flat on the back of subdued globalcues.
US Markets closed on apositive note. Dow closed 0.3% higher and Nasdaq gained 0.9%. U.S. stocks addedto their New Year’s rally as minutes from the Federal Reserve’s latest policymeeting were released indicating, officials considered gradual rate hikeswarranted amid debate on the economic impact from a rising dollar and DonaldTrump’s policies. Asian markets are trading ona mixed note; Nikkei is trading 0.3% down, while
Hang Seng is trading up 1.1%.SGX Nifty is trading 41 points higher at 8,234. Indian ADRs ended the day on a mixednote. Among financial ADRs, ICICI Bank closed 0.7% down, while HDFC Bank (NS:HDBK) closedflat. Among IT ADRs, Wipro (NS:WIPR) gained 2.5%, while Infosys (NS:INFY) fell 2.7%. Tata MotorsADR gained 1.2%.