Markets closed in positive ahead of IIP and inflation data ::HDFC sec

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Statistics

The 30-share Sensex ended higher by 127 points at 27,585 and the 50-share Nifty gained 39 points to close at 8,323. The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained by nearly 1%. The market breadth in BSE ended firm with 1,647 shares advancing and 1,259 shares declining. NSE cash turnover was at Rs. 14481

Sectors & Stocks

BSE FMCG, Bankex, Power, Capital Goods and IT indices gained between 0.5-1.6%. However, BSE Metal and Oil & Gas indices were down 1-2%. The main gainers on the Sensex were HUL, L&T, Infosys, HDFC, ICICI Bank, BHEL, Axis Bank and SBI. Coal India declined over 4.5%. Bharti Airtel lost around 2%

The Nikkei advanced 0.2% to end at 17,197.73

Way forward

Nifty is making higher top higher bottom formation from last 4 sessions and faced resistance at down gap which was made on 6th January 2015. If  in coming session Nifty traders above 8325 level then traders could expect  Nifty to trade up to 8375 level followed by 8410. If Nifty  faced the resistance 8375 level then traders could expect down move up to 8250 followed by 8190 level.