To some, today is Martin Luther King day and as a result the US markets are closed, especially since today is also the day when Obama celebrates his second inauguration with Beyonce, Kelly Clarkson and James Taylor at his side (hopefully not on the taxpayers' dime).
By Equitymaster: Indian equity markets traded firm throughout the trading session today on the back of sustained buying activity across index heavyweights. Although trading was largely rangebound in the morning session, buying pace picked up post noon. The final hours saw the indices inch upwards to close well above the dotted line.
Equitymaster submits: The Indian stock market began the day's proceedings on a strong note before profit booking at higher levels erased some gains. However, the markets managed to trade above the dotted line throughout the trading session, although trading remained range bound from the afternoon session onwards including the final hour. While the BSE-Sensex closed higher by around 52 points (up 0.3%), the NSE-Nifty closed higher by around 23 points (up 0.4%).
Equitymaster submits: After being mired in losses for four consecutive days, Indian stock markets languished in the red in today's trading session as well. Although the morning session saw some attempts being made to push into the positive, these proved futile as the indices closed well into the red in the final trading hour. While the BSE-Sensex closed lower by around 156 points (down 0.8%), the NSE-Nifty closed lower by around 36 points (down 0.6%).
Equitymaster submits: Indian stock markets languished in the red throughout the trading session today on the back of persistent selling pressure across index heavyweights. There was no respite in the final trading hour either, and the indices closed well below the dotted line.
Equitymaster submits: There was no respite for the Indian indices in today’s trading session. Although they got off to a decent start, profit booking at higher levels quickly eroded all the early morning gains. From thereon, selling activity only intensified and in the final trading hour the markets closed well into the red. While the BSE Sensex closed lower by around 287 points (down 1.4%), the NSE Nifty lost around 29 points (down 0.5%).
Equitymaster submits: Indian indices had a largely volatile trading session today as they oscillated to either side of yesterday’s close. While the morning session saw the indices trading above the dotted line, in the afternoon session the indices were pushed into the red. However, buying activity intensified in the later hours as a result of which markets closed well into the positive.