The Sensex and Nifty edged higher by nearly 0.3 percent on
Heavy buying in consumer durables, banking, oil & gas and PSU
stocks amid firm Asian cues. Domestic sentiment was buoyed
on action in select blue-chip counters, but investors remained
cautious ahead of February series F&O expiry on Thursday.

The 30-share BSE index Sensex ended higher by 100.01 points
Or 0.35 percent at 28,761.59 and the 50-share NSE index Nifty
Closed up 28.65 points or 0.32 percent at 8,907.85.Among BSE
Sect oral indices, consumer durables index gained the most by
2.44 percent, followed by banking 0.97 percent, oil & gas 0.87
Percent and PSU 0.67 percent. On the other hand, TECk index
Was down 0.51 percent and IT 0.17 percent.

Top five Sensex gainers were Axis Bank (+5.2%), Asian Paints
(+1.29%), Reliance (+1.24%), Adani Ports (+1.13%) and ICICI
Bank (+1.1%), while the major losers were Bharti Airtel (-
4.02%), TCS (-1.74%), ITC (-0.85%), Sun Pharma (-0.82%) and
Maruti (-0.52%).

Asian stocks held ground on Tuesday though Chinese equities
Surged to a fresh two-month high as domestic funds piled into
Financial counters on expectations the world’s second biggest
Economy may have turned a corner.

MSCI’s broadest index of Asia-Pacific shares outside Japan was
Up 0.2 percent on Tuesday and held below a 19-month peak
Hit last Thursday. The index is up more than 11 percent since
December 23, which marked the trough in a sell-off triggered
by Donald Trump’s surprise win at the US election in
November.

With US markets closed for the Presidents Holiday on Monday,
Asian markets have had few global cues off which to trade.

MARKET MEASURE
EXCHANGE ADVANCE DECLINE UNCHG. T/O
NSE 827 636 79 22339.78

CHART ANALYSIS
SCRIP R2 R1 PIVOT S1 S2
NIFTY 50 8972 8945 8896 8865 8820