Nifty closed at 7963 on 1st trading day of 2016

Equity benchmarks started off the calender 2016 positively. The Sensex went high 43.36 pts to 26160.90 while the Nifty earned 16.85 pts at 7963.20 amid thin volumes as world markets shut today.

The broader markets shifted by 0.9 per-cent. The market breadth was also strong as around 1971 shares ahead against 856 declining shares on the BSE(Bombay Stock Exchange).

Adani Ports & Tata Motors topped buying list on Sensex, went up 2.7 per-cent each followed by  Coal India, SBI, L&T and BHEL with over a percent gain. HDFC, TCS, HUL, NTPC & GAIL were losers.

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Sensex, nifty, commodity updates this year 1 Jan, 2016

Year 2015 might have become washedout year for local equities, but analysts at top brokerage firms estimate the equity benchmark Sensex to re-form up to the 35,000 level, a 30 per-cent upside from yesterday's closing of 26,117.54, in the year 2016. Click For Commodity Tips

In a poll conducted by researchers among 10 brokerage firms, the majority projected Nifty-50 to grow up to 38 per-cent in the year 2016 to scale a peak of 11,000 by Dec 2016.

For this year, the index was down by over 6 per-cent amid worries over an interest rate hike by the US Federal Reserve, decrement in the value of yuan, a crash in prices of commodity such as crude & a slowdown in world wide economic growth.

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Share market prediction for 2016 31 Dc, 2015

Previous Year 2015 saw Indian investors & traders move away from the trend of investing in physical assets such as real estate & gold said by Nilesh Shah, MD(managing director) of Kotak Mahindra Asset Management. Instead the focus was more on equities current year. He estimates this will continue in 2016 year as well.

Indian investors invested greater than Rs 65000 cr. in equity mutual funds in current year.

Year 2016 will be a more stock-specific year rather than a sector-specific one. Might be bullish on urban consumption on the back of the benefits that will accrue due to the implementation of 7th Pay Commission.

This year also saw a lot of USFDA problems for the Indian pharma sector. He said investors need to differentiate between companies that have superior quality track record. Shah has started accumulating pharma stocks that have started correcting on the back of event risks.

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Air India announced new year special offers 30 Dec, 2015

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Air India announced two special schemes for passengers, which could enable them to ring in 2016 year in style. The promotional offers are New Year Special & Lucky 1st.Click For Commodity tips

 
New Year Special offers, passengers all-inclusive one-way fare of 5,016 rs for travel between the metros on flights departing between 8 pm on Dec 31, and 8 am on January 1, the national carrier told in a statement.

Going through the 2nd scheme, valid for travel between January 1 & 15, passengers travelling in Business or Economy class on its Boeing 777 flights on Delhi-Mumbai-Delhi sector will stand a chance to win an upgrade to 1st Class. A lucky draw will be there at the boarding gate before take off, it contributed.

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Happy new year sale: SpiceJet offers fares starting at Rs 716 28 Dec, 2015

 

Today, SpiceJet Low cost carrier declared the launch of its 'Happy New Year Sale' for their customers. Being a part of this sale, one-way base fares starting at Rs 716 (excluding taxes) for some very popular routes on the local network.

The 3-day sale declared today will be open till midnight, Dec 31, 2015. The travel period covered in this sale is from 15th Jan 2016 to 12th April 2016 & is valid only for travel on direct flights on SpiceJet's local network.

Tickets for this sale can be booked on all channels of Spicejet , mobile app, travel portals, travel agents & call centre. Money under this offer are refundable only taxes and fees and changeable with a change fee & payment of fare difference.

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