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OPENING BELL:
NIFTY FUTURE DOWN-14.85 @ 9158.90
BANK NIFTY FUTURE DOWN -15.45 @ 21530.00
USDINR @ 65.0350

Sensex, on Thursday, closed 116points up at 29,647 on optimism surrounding the GST amid expiry of derivatives contract. Among sectors, Banks , Consumer durables and Realty gained over 0.8%to 2.2% each. Among stocks Bharti Airtel, HDFC Bank and Adani Ports gained over1.7% to 5.8% each. Market breadth was positive with 1,729 advances against 999declines.

Nifty closed 30 points up at 9,174.Today, we expect markets to open on a flat note on the back of steady global cues.

US Markets closed on a positive note. Dow and Nasdaq closed 0.3% higher. U.S. stocks climbed as investors assessed the latest numbers on fourth-quarter growth and consumer spending,while two policy makers said the Federal Reserve may have to raise rates more than currently forecast. US markets, today, will see data releases on Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, FOMC Member Dudley Speaks, Chicago PMI, FOMC Member Kashkari Speaks, Revised UoM Consumer Sentiment and Revised UoM Inflation Expectations.

Asian markets are trading on a mixed note; Nikkei is trading 0.7% higher and Hang Seng is trading 0.6% lower.SGX Nifty is trading 12 points lower at 9,183. Indian ADRs ended the day on a mixed note. Among financial ADRs, ICICI Bank closed 0.6% higher, while HDFC Bank gained0.8%. Among IT ADRs, Wipro gained 0.2% and Infosys closed flat. Tata Motors ADR lost 0.1%.

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