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The market continued to consolidate in afternoon trade with the Sensex rising 59.09 points to 24551.48 and the Nifty up 19.50 points to 7457.25.

        ITC, Mahindra & Mahindra and HUL rallied more than 2 percent followed by Reliance Industries, Sun Pharma, Lupin, Dr Reddy's Labs and NTPC with more than 1 percent upside.
         HDFC, ICICI Bank, L&T, Adani Ports, Wipro and Bharti Airtel fell 1-2 percent.

         European equities reversed losses to trade flat to higher today following a mixed to negative trend set in Asia and Wall Street as the oil price rebounded. The pan-European STOXX 600 opened around 0.5 percent lower but was hovering around the flatline in early trade.

        State-run electric utilities company Power Grid Corporation of India 's third quarter earnings surpassed analysts' expectations on all parameters Wednesday. Profit shot up 31 percent year-on-year to Rs 1,613.1 crore during the quarter on strong revenue and operational performance despite lower other income.  

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The market has opened marginally lower ahead of expiry of January derivative contracts. The 30-share BSE Sensex fell 5.68 points to 24486.71 and the 50-share NSE Nifty declined 3.45 points to 7434.30.
       ICICI Bank, GAIL, Lupin, Adani Ports, NTPC, Power Grid Corporation, Cairn India and Vedanta were early gainers while losers were HDFC, Bharti Airtel, Maruti Suzuki, L&T, Sun Pharma, Asian Paints, Coal India and NTPC.

     Asian markets barring China were trading higher despite weak US lead. Japan's retail sales for December fell 1.1 percent year-on-year showing some weakness in household demand. Bank of Japan began its two-day policy meeting on Thursday.

    Asian shares pushed back into the black on Thursday as investors dipped their toes back into equities and demand for safehaven assets such as the yen and sovereign bonds faded.
U.S. crude futures dropped more than 1 percent in Asian trading on Thursday, paring gains of nearly 3 percent made in the previous session after Russia held out the possibility of cooperating with OPEC to control global oversupply.

        India's largest private sector lender ICICI Bank is expected to report muted growth in Q3 profit while net interest income growth may remain at similar levels of Q2. Analysts have not priced in insurance business stake sale in earnings expectations, which may boost other income.

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HDFC Bank's third quarter earnings matched analysts' expectations on Monday. Profit increased 20 percent  year-on-year to Rs 3,357 crore during the quarter, supported by operating profit, net interest income and other income.
   Nearly half of the revenue growth has come from recent acquisitions, says Anand Deshpande, Founder, MD & CEO, Persistent Systems , adding there was extra contribution from the Aepona acquisition.

   Net interest income, the difference between interest earned and interest expended, climbed 24 percent to Rs 7,068.51 crore in Q3 compared to Rs 5,700 crore in year-ago period.

Equity benchmarks as well as broader markets trimmed gains following correction in European peers and crude oil prices. The Sensex rose 17.59 points to 24453.25 and the      Nifty gained 7.45 points at 7429.90.

   Shares of ITC slipped over 1 percent intraday after it announced December quarter results. Analysts are not bearish on the stock but have tweaked target and earnings estimates.

    Non-banking finance company SKS Microfinance is expected to continue to report solid set of earnings for third quarter. Profit is likely to jump 96.3 percent during the quarter to Rs 80.6 crore and net interest income is seen rising 89 percent to Rs 161 crore compared to year-ago period, according to analysts polled by CNBC-TV18. Earnings will be announced on January 27.

   Long build-up was seen in Cairn India, Bata India and Jubilant Foodworks. These stocks rallied 5 percent each in cash market. Cairn's open interest increased 6.5 percent followed by Jubilant Foodworks 5 percent and Bata India 4 percent. 
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The market has opened higher on Monday. The Sensex is up 157.91 points or 0.6 percent at 24593.57 and the Nifty is up 46.10 points or 0.6 percent at 7468.55. About 870 shares have advanced, 130 shares declined, and 35 shares are unchanged.

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Market Outlook:-

• The Indian rupee opened higher by 9 paise at 67.54 per dollar against 67.63 Friday.
• Asian stocks gained in early trade, relieved after seeing Wall Street rally overnight on the back of a sharp rise in crude oil prices.
• Market participants will continue to keep an eye on equity and oil moves through the day.
• Asian stocks moved further away on Monday from four-year lows struck last week, as the blizzard on the U.S. East coast pushed oil prices higher, relieving some of the bearish pressure on Wall Street and world markets.
• Crude oil futures extended gains on Monday following a surge at the end of last week on short-covering and fuel demand triggered by freezing weather in parts of the northern hemisphere.
• Gold steadied near a 1-1/2-week peak at just below $1,100 an ounce early on Monday, with investors eyeing whether equities will come under renewed pressure and refresh safe-haven demand for bullion.

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Market Outlook:-

• The market maintained its strong uptrend in afternoon trade with the Sensex rising 430.53 points or 1.80 percent to 24392.74 and the Nifty up 135 points or 1.86 percent to 7411.80, tracking global rally.
• The broader markets also traded in line with benchmarks as the BSE Midcap and Smallcap surged 2 percent each. More than three shares advanced for every share declining on the Bombay Stock Exchange.
• Oil prices rose 5 percent today to scale the USD 30 mark breached last week, as cold US and European weather as well as firmer financial markets gave traders reason to cash in on record short positions.
• L&T Finance Holdings, the subsidiary of engineering & infrastructure major, has reported a 16.7 percent year-on-year growth in consolidated profit at Rs 212 crore aided by net interest income.
• Profit was also supported by operating performance that continued to remain steady with healthy margins, steady fee income and stable operating expenses, says the company, adding asset management business continued to contribute positively, which grew by 17 percent on yearly basis.