markets

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	Benchmark indices snapped two days of gain and inched lower on Thursday as investors reassessed the scope of the coronavirus outbreak after China&#39;s Hubei province reported a record rise in the death toll. A surprise drop in industrial output for December and a rise in January inflation to a six-year high also dampened sentiment.</div>
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	The S&P BSE Sensex dipped 106 points, or 0.26 per cent, to 41,460 levels. IndusInd Bank (down 3.5 per cent), Tata Steel (down nearly 2 per cent), and ONGC (down around 2 per cent) were the top laggards in the Sensex pack. On the other hand, Titan (up over 2 per cent), SBI (up over 2 per cent) and Infosys (up around 1.5 per cent) gained the most.</div>
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	The broader Nifty50 index gave up the 12,200 mark to settle at 12,175, down 27 points, or 0.22 per cent.</div>
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	Sectorally, Nifty Private Bank index fell around 1.4 per cent to 17,083 levels. Nifty Bank slid 0.8 per cent to 31,230 points. On the upside, pharma and IT stocks advanced the most.&nbsp;</div>
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	In the broader market, the S&P BSE MidCap slipped 23 points, or 0.15 per cent, to 15,766 and the S&P BSE SmallCap index ended at 14,727, down 0.03 per cent.&nbsp;</div>
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	<strong>GLOBAL MARKETS</strong></div>
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	In broader Asian markets, MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan was trading flat. China&rsquo;s Hubei province reported 242 new deaths and 14,840 new cases as of Wednesday.</div>
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	Oil prices were mixed on Thursday as concerns about falling demand caused by travel restrictions tied to the coronavirus outbreak in China, the world&rsquo;s biggest oil importer, outweighed expectations of supply cuts from major producers.</div>
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<div>
	Brent crude fell 6 cents, or 0.1 per cent, to $55.73 per barrel at 0735 GMT. US West Texas Intermediate (WTI) was up 5 cents, or 0.1 per cent, to $51.22 a barrel. Brent rose 3.2 per cent on Wednesday while WTI gained 2.5 per cent as a slowdown in new Chinese coronavirus cases boosted expectations of a demand recovery.</div>
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<div>
	<strong><em>(With inputs from Reuters)</em></strong></div>

MARKET WRAP: Sensex slips 106 pts, Nifty ends at 12,175; financials decline

Business Standard

MARKET WRAP: Sensex slips 106 pts, Nifty ends at 12,175; financials decline | News on Markets - Business Standard

Trading ideas by Prabhudas Lilladher: Buy Praj Industries, Godrej Consumer

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	<strong>BUY GODREJ CONSUMER | CMP: Rs 642.15 | TARGET: Rs 700-710 | STOP LOSS: Rs 610</strong></div>
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	&nbsp;</div>
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	The stock has witnessed a decent erosion recently from the peak of 765 levels and has showed signs of bottoming out at near 615 levels with a bounce back. The RSI has indicated a trend reversal from the highly oversold zone to signal a buy and with the chart looking attractive, we suggest to buy this stock for an upside target of 700-710 keeping the stop loss of 610. <a href="https://www.business-standard.com/article/markets/trading-ideas-by-prabhudas-lilladher-buy-praj-industries-godrej-consumer-120021300149_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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Nifty strategy by CapitalVia Global: Buy on dips with stop-loss at 12,100

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	<strong>Market traded higher on Wednesday; Nifty managed to hold 12,200</strong></div>
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	&nbsp;</div>
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	Market opened with gap-up on Wednesday and managed to trade higher due to strong global cues along with some ease over coronavirus. Nifty traded in a close range and closed at 12,201.20, gaining 93.30 points. FMCG, metal and private bank stocks traded with positive sentiments throughout the day whereas PSU banks and pharma stocks witnessed some pressure. Nifty bank closed at 31,492.90 adding 349.76 points from the previous day&rsquo;s closing. <a href="https://www.business-standard.com/article/markets/nifty-strategy-by-capitalvia-global-buy-on-dips-with-stop-loss-at-12-100-120021300147_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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FII/FPI & DII trading activity on NSE, BSE and MSEI

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&gt;&gt;&nbsp;OPEC lowered its demand forecast to 0.99 million barrels per day (BPD) in 2020, citing China&rsquo;s coronavirus outbreak as the &ldquo;major factor&rdquo; behind its decision. That&rsquo;s down by 0.23 million BPD from the previous month&rsquo;s estimate, CNBC reported.&nbsp;<br />
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&gt;&gt; At 8:00 am, Brent Crude Futures were at $55.98 per barrel-mark, up 0.34 per cent.<br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-05/29/full/1559071074-2103.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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&gt;&gt; At 8:00 am, the Singaporean Exchange for Nifty Futures were at&nbsp;12,221.50 level, down 7 points or 0.06 per cent.<br />
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MARKET WRAP: Sensex slips 106 pts, Nifty ends at 12,175; financials decline

All that happened in markets today

Trading ideas by Prabhudas Lilladher: Buy Praj Industries, Godrej Consumer

Nifty strategy by CapitalVia Global: Buy on dips with stop-loss at 12,100

Bulk deals on BSE as on Wednesday

Bulk deals on NSE as on Wednesday

FII/FPI & DII trading activity on NSE, BSE and MSEI

Rupee Check

Oil Check

SGX Nifty

Asian Market Check

US Market Check