Thursday, 12 January 2017

Nifty gains for 3rd day; Trump views drag pharma, Infosys soars


The market has ended on a strong note fuelled by big gains in IT and power stocks. The Sensex ended up 106.75 points or 0.4 percent at 27247.16 and the Nifty was up 26.55 points or 0.3 percent at 8407.20. About 1201 shares have advanced, 1560 shares declined, and 343 shares are unchanged. Analysts are hoping that December quarter earnings will be healthy for the market. 

Based on a bottom-up aggregate of estimates, the Sensex is likely to post earnings growth of 15.4 percent YoY in the December 2016 quarter.

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