Brokers trade at their computer terminals at a stock brokerage firm in Mumbai January 7, 2015.- Reuters picMUMBAI, April 12 – Indian equity-index futures swung between gains and losses after the benchmark gauge rebounded from its worst week in two months and investors awaited monthly inflation and industrial data.
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Meanwhile, the government today said after two years of deficient rainfall, monsoon was expected to be normal this year. Met Department’s predictions will be out later this month.
On domestic front, A SGX Nifty 50 index future for April series traded down 10 points to 7,681.
Sensex resumed higher at 24,789.40 and hovered in a range of 25,049.92 to 24,523.20 before ending at 25,022.16, showing a recovery of 348.32 points or 1.41 percent.
The Indian rupee opened higher by 3 paise at 66.50/$ on Tuesday as against the previous close of 66.43/$.Indian rupee traded on a firm note, deriving cues from the weakness in USA dollar against the basket of major currencies. It hovered between 7,678.80 and 7,516.85.
In regional markets, Japan’s Nikkei was up 1.19 per cent while Hong Kong’s Hang Seng gained 0.26 per in early trade today. The S&P 500 slid 5.61 points, or 0.3%, to 2041.99, while the Nasdaq Composite Index lost 17.29 points, or 0.4%, to 4833.40.
As investors raised their pace of buying late in the day, especially in technology, auto, FMCG and bank stocks, and with expectations increasing about the upcoming March quarter earnings season, which will begin with the Infosys declaring its results on April 15, the market sentiment got a fillip. The BSE Mid-Cap index went up 1.09 pc.
Eyes are on tomorrow’s CPI and IIP data, which is looking positive, Nair added.
The top gainers on the Sensex were Maruti Suzuki up by 2.77%, Hero MotoCorp up by 2.27%, Tata Motors up by 1.88%, ICICI Bank up by 1.69% and GAIL India up by 1.68%.
However, Lupin fell by 1.51 per cent followed by Cipla 0.58 per cent, Dr Reddy’s 0.4 per cent and M&M 0.04 per cent.
At the BSE, good buying was observed in auto, industrials and oil and gas sectors, while selling pressure was seen in metal sector.
Globally, other Asian markets ended mixed while European stocks were higher in their opening trade.
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The total turnover rose to about Rs 3,854 crore from Rs 1,956.81 crore on Friday.
