INDIAN EQUITY MARKET OUTLOOK - 19 Jan 2018

Sensex, Nifty open mildly higher; Adani Ports, Yes Bank top gainers

Equity benchmarks extended gains in opening on Friday, with the Nifty holding 10,800 level.

The 30-share BSE Sensex rose 65.36 points to 35,325.65 and the 50-share NSE Nifty gained 8.30 points at 10,825.30.

About 749 shares advanced against 637 declining shares on the BSE.

ITC, Kotak Mahindra Bank, HCL Technologies, HUL, Yes Bank, Adani Ports, Reliance Industries, Coal India and Eicher Motors were early gainers.

UltraTech Cement, Infosys, Bharti Airtel, Vedanta, Wipro, ICICI Bank and Tata Motors were early losers.GVK Power, Jaypee Infratech, down 2-3 percent

The rupee firmed up 19 paise to trade at 63.65 against the dollar in morning today, rising for a third straight day on increased selling of the US currency by exporters and banks.

Forex dealers said the dollar was weak against other currencies overseas which supported the rupee.

Yesterday, the rupee had gained 2 paise to close at 63.86 against the American currency.

IT firm HCL Technologies said its profit for October-December quarter increased 0.3 percent sequentially to Rs 2,194 crore and maintained full year constant currency revenue guidance.

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