Thursday, 5 January 2017

Nifty ends above 8250, Sensex rallies 245 pts

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The bulls were in full control today with both benchmark indices making a smart rally. The Sensex ended up 245.11 points or 0.9 percent at 26878.24 and the Nifty was up 83.30 points or 1 percent at 8273.80. About 1932 shares advanced, 899 shares declined, and 493 shares were unchanged. Analysts are hoping that Budget and earnings will drive market further. 

Experts at DSP BlackRock Investment Managers are betting on mean reversion in financials segment to spur earnings growth. While FY17 earnings growth will be impacted due to demonetisation exercise, 20 percent growth in FY18 on account of mean reversion in financials and global cyclical.

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