Indian market is likely to open on cautious note today. Yesterday, market ended lower after heavy selling pressure in last an hours of trade. BSE sensex closed at 14023.31 down by 167.18 points while Nifty was down by 56.20 points to close at 4040.00. The outlook for the market is cautious.
Thursday, US markets closed mixed on back of issues regarding improving earning growth outlook. DOW closed down 52.39 points at 12686.02 while NASDAQ was 6.52 points up to close at 2524.94. ,
The major stock markets in Asia are trading mixed on Friday. Nikkei 225 index was 14.20 points down at 18095. Hang Seng was down by 222.62 points at 20587 and Straits Times was up 3.30 points at 3292.15. Oil prices traded to around $61 a barrel.Today, Nifty has support at 4,000 and resistance at 4,125 and BSE Sensex has support at 13,945 and resistance at 14,350. However, it is our advice to watch trading session carefully.
FIIs were net sellers to the tune of Rs40.20crores in equity (provisional) on 22nd February 2007. Mutual funds were net purchasers to the tune of Rs17.81crores in equity (provisional) on 21st February 2007.
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