The Nifty50 is likely to head towards 12,150 levels on February 12 tracking positive trend seen in other Asian markets. The Nifty50 snapped two-day losing streak to reclaim 12,100 levels on February 11.
Trends on SGX Nifty indicate a positive opening in India with a 30 points, or 0.25 percent, gain. The Nifty futures were trading around 12,157-level on the Singaporean Exchange.
Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 236 points to 41,216 while the Nifty50 closed with gains of 76 points at 12,107.
Sectorally, action was seen in power, metals, bankex, energy, healthcare, and consumer durables space while profit-taking was seen FMCG, and telecom space.
Mixed performance was seen from the broader market space as the S&P BSE Midcap index rose 0.35 percent while the S&P BSE Smallcap index fell 0.18 percent.
Some good news for the economy after a report suggested that India has received foreign direct investment (FDI) of $463.44 million in the food processing sector in the first half of the current fiscal, the government informed Parliament on Tuesday.
The country had received $628.24 million FDI in the food processing sector during the full fiscal year 2018-19 and $904.90 million during 2017-18, it added.
On the macro front, the Indian rupee on Tuesday settled almost flat at 71.28 (provisional) against the US dollar ahead of release of the key domestic macro-economic data.
On the institutional front, FPIs were net sellers in Indian markets for Rs 209 cr while the DIIs were net buyers to the tune of Rs 344 cr, provisional data showed.
As many as 482 companies on the BSE will declare their results for the December quarter which include prominent names like Hindalco, Info Edge, ABB, Ashok Leyland, IRCTC, PI Industries, Aarti Industries, Ipca Laboratories, Torrent Power, Natco Pharma, VIP Industries, NBCC, Dish TV, Suzlon, Prakash Industries, etc. among others.