The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 29,984.95 points, provisionally closed at 29,894.80 points (at 3.30 p.m.) - down 26.38 points or 0.09 per cent from its previous close at 29,921.18 points. So, he advises accumulating stocks on dips while keeping a close eye on earnings and also on global markets for further cues.
Even as the market looks settled in its bull phase, with minor spells of consolidation, Sandeep Bhatia of Macquarie Securities Group is upbeat about the Street's performance.
"After opening on a positive note, Nifty showed intra-day volatility for better part of the day and showed some upside recovery towards the end".
Market observers said investors were cautious ahead of the outcome of the two-day US Federal Open Market Committee (FOMC) meet, due later on Wednesday evening.
The broader markets outperformed benchmarks in morning but failed to hold gains in afternoon trade. IT majors Infosys and TCS rallied 1.6 percent and 2 percent, respectively. Media tumbled 1.7% while PSU Bank, Realty and IT sustained optimism with 1% plus upside.
The shares of ICICI Bank slipped over 1% ahead of the announcement of its quarter results due on Wednesday. Industry heavyweights HDFC, ICICI Bank and ITC contributed the most to the fall.
China to launch own encyclopaedia to rival Wikipedia
The development of the Chinese Encyclopedia may in part be due to the blocking of Wikipedia by the Chinese government. China is all set to launch the digitized version of its Encyclopedia in 2018, in a bid to take over Wikipedia.
Hulu officially launches its live TV service at $39.99 per month
The simply named Hulu with Live TV provides access to 50 different live TV channels, with cloud-based DVR, for $39.99 per month. Hulu execs believe its over-the-top pay TV bundle can stand out with its slick new interface and personalization features.
Zynga launches Words With Friends for Instant Games on Facebook Messenger
While Messenger may not be your first location to look for games , Facebook said the popularity of the feature is growing rapidly. The company has also announced that it will soon bring the popular pool game - Miniclip's 8 Ball Pool to Instant Games.
Auto stocks were mixed.
The Sensex is trading at 29,985.11 points up by 63.93 points or 0.21 per cent.
Tata Motors shed 1.1 percent despite solid growth in JLR US sales. Auro Pharma follow with 2.2% and Tata Power with 1.8% losses.
European stocks rose notably on Tuesday, with gains underpinned by healthy corporate earnings, upbeat British and Eurozone manufacturing data and news that Greece has agreed to a bailout deal.
In Europe, London's FTSE slid 0.20 per cent, Frankfurt's DAX 30 relieved 0.15 per cent and Paris CAC 40 plunged 0.30 per cent.