Post Session Market Commentary

After witnessing volatile trade in morning session, market got momentum during mid session to close higher on back of buying interest seen across the index pivotals. Overall market breadth was positive as 1676 stocks advanced and 864 stocks declined on BSE. BSE Sectoral indices closed higher.

BSE Sensex closed at 13,072.10 up by 92.44 points and Nifty was up by 23.45 points to close at 3821.55. BSE mid cap was up by 64.95 points to close at 5384.12 and BSE small cap was up by 92.72 points to close at 6470.51.

BSE Health cares index surged 37.61 points to close at 3649.43 as Ranbaxy Labs (2.51%), Dr Reddy (2.62%), Sun pharma (4.24%)and GSK (3.92%) ended higher.

BSE Auto index weighed up 65.54 points to close at 4869.13 as Hero Honda (2.87%), M&M (2.78%) and Tata Motors (1.26%) advanced.

BSE Metal index soared 142.38 points at 8,488.44 as Tata Steel (2.47%), Hindalco (2.19%) and SAIL (2.32%) closed higher.

BSE FMCG index closed up 26.89 points at 1739.10 as ITC (2.76%) and Dabur (4.80%) closed in green.

BSE Capital goods index added 74.58 points at 9074.72 as Suzlon (1.53%), Siemens (1.49%) and ABB (1.63%) ended in green.

BSE bank index gained 34.36 points at 6542.01 as OBC, HDFC bank, and SBI ended in green.

BSE IT index closed 24.31 points up at 4899.39 as Infosys and Satyam ended in green.

BSE oil & gas index rose 27.67 points at 6419.18 as ONGC (0.59%) and RIL (1.09%) closed in green.

Mid Day Market Commentary

Market was trading firmly on positive territory on the back of more buying in shares. Overall market breadth was positive as 1518 stocks advanced and 658 stocks declined on BSE.

At 12.34 PM, BSE sensex was at 13080.16 up by 0.77% and Nifty was at 3822.10 up by 0.63%. BSE Mid cap was up by 0.91% to trade at 5367.57 and BSE small cap was up by 1.08% to trade at 6446.69.

BSE capital goods index surged 50.20 points to trade at 9050.34 as L&T (0.54%), ABB (1.00%) trading higher whereas BHEL trading down (0.79%) at Rs2261.

BSE IT index dropped 22.56 points to trade at 4897.64 as Satyam (0.52%), Infosys (0.97%), Wipro (0.09%) trading in green, whereas TCS trading in red at Rs1235.45(0.93%).

BSE auto index grew by 54.38 points to trade at 4857.97 as Hero Honda motors (2.57%), M&M(1.97%), Maruti (0.38%) where as Bajaj Auto was trading down by (0.29%).

BSE Banks index declined 66.49 points to trade at 6,574.14; HDFC Bank up by(1.8%), followed by SBI up by(1.12) and ICICI bank also inclined by (0.34%).

BSE Oil & gas index was trading 17.55 points up at 6,409.06 as ONGC (0.26%) and RIL (0.58%) trading up.

BSE FMCG index increased 28.31 points to trade at 1,740.52 as ITC up by (3.85%), whereas HLL was trading down (1.22%).

BSE Metal index surge 97.52 points to trade at 8,443.58 as Hindalco was up by (1.29%) followed by Tata steel increased by (0.73%)

BSE Health Care index grew 46.35 points to trade at 3,628.17 as Dr. Reddy Laboratories inclined by (2.06%) where as Cipla down by (0.23%).

Pre Open Market Commentary

Indian market is likely to have a flat opening with positive bias as the US market closed in green whereas the Asian markets are trading mixed. On Thursday, the Indian markets closed in green, as BSE Sensex closed at 12,979.66 up by 95.32 points and Nifty gained 37 points to close at 3,798.10.The outlook for the market is guarded optimism.

Thursday, US markets closed in green. The Dow Jones Industrial Average (DJI) surge 48.39 points to close at 12,348.75. The S&P 500 (SPX) index surge 5.30 points to close at 1,4122.53, and the NASDAQ Composite (RIXF) grew by 0.78 points to close at 2,417.88.

Indian ADRs ended on a mixed note. In technology sector, Satyam and Wipro closed higher by 0.44% and 0.06% respectively, whereas Infosys closed down by 0.59%. ICICI Bank grew by 0.48%, while HDFC Bank dropped 0.18%. MTNL and VSNL also ended in negative territory as it fell by 0.89% and 0.05% respectively.

The major stock market in Asia is trading mixed. The Nikkei 225 is trading at 17,338.27 up by 74.33 points, while Hang Seng fell by 17.31 points to trade at 19,804.47. Straits Times down 1.37 points to trade at 3,227.51.

Today, Nifty has support at 3,700 and resistance at 3,900 and BSE Sensex has support at 12,750 and resistance at 13,200.

Post Session Market Commentary

After opening on a negative note, the market was bit volatile during the day. Finally, BSE Sensex closed at 12,979.66 with an incline of 95.32 points. The NSE Nifty advanced by 37 points to close at 3,798.10. Overall, the market breadth was strong as 1584 stocks were closed in green whereas 927 were ended up in red zone in BSE.

BSE Mid cap and BSE Small cap indices followed the trend of benchmark index, as BSE mid cap grew by 22.59 points at 5,319.17 and the BSE small cap grew 65.34 points at 6,377.79.

BSE FMCG index closed at 1,712.21 up by 2.08% as HLL (2.63%) and ITC (1.95%) closed in green.

BSE Capital goods index inclined by 1.22% at 9,000.14 as L&T grew by (3.56%).

BSE oil & gas index closed at 6,391.51 up by 0.43% as ONGC (0.58%) and RIL (0.38%) closed higher.

BSE Metal index closed 0.34% down at 8,346.06 as Hindalco declined by (1.69%), where as Tata Steel inclined marginally by (0.43%).

BSE IT index closed 0.89% up at 4,875.08 as TCS (3.58%), Satyam (1.62%), Wipro (1.58%) and Infosys (0.13%) ended in green.

BSE bank index dropped by 0.42% at 6,507.65: ICICI Bank and HDFC bank ended in red.

BSE Auto Index fell 0.34% at 4,803.59 as Bajaj Auto (1.77%) ended lower.

BSE Health Care Index closed higher at 3,581.82 with an increase of 1.00% as Ranbaxy (2.01%), Dr Reddy''s (1.46%) and Cipla (0.6%) ended in green.

Mid Day Market Commentary

Market was trading in positive territory on back of selective buying interest seen across the index pivotals in particulars Capital goods, Oil & gas and IT stocks. Overall market breadth was positive as 1349 stocks advanced and 812 stocks declined on BSE index.At 12.50 pm, BSE sensex was at 12918.95 up by 34.6 points and Nifty was at 3779.80 up by 18.7 points. BSE Mid cap was up by 25.31 points to trade at 5321.9 and BSE small cap was up by 53.21 points to trade at 6365.66.BSE capital goods index was surging 108.46 points at 9000.09 as L&T (3.2%) and Siemens (0.42%) were trading up while BHEL (0.82%) was trading lower.BSE Oil & gas index was adding 36.24 points at 6400.36 as RIL, HPCL, BPCL ONGC and IPCL were trading in green.BSE IT index gained 32.42 points to trade at 4864.27 as HCL Tech (2.12%), TCS (2.08%) and Wipro (1.31%) were trading up. BSE Metal index was trading flat at 8378.34 as Tata Steel (0.15%) and Nalco (1.86%) were trading up.BSE auto index was trading down 23.79 points at 4796.07 as Tata Motors (1.37%), M&M(1.29%) and Bajaj auto (1.16%) were declining. BSE Banks index was tumbled 72.39 points to trade at 6462.86; HDFC Bank (2.25%), OBC (2.24%), SBI (0.32%) and ICICI Bank (1.04%) were trading lower.

Pre Open Market Commentary

Indian market is likely to have a negative opening as the US market closed in deep red whereas the Asian markets are trading mixed. On Wednesday, the Indian markets closed in red, as BSE Sensex closed at 12,884.34 dropped by 239.98 points and Nifty declined 58.85 points to close at 3,761.10.The outlook for the market is negative on account of weak global cue and F&O expiry.Wednesday, US markets closed in red. The Dow Jones Industrial Average (DJI) fell 96.93 points to close at 12,300.36. The S&P 500 (SPX) index dropped 11.38 points to close at 1,417.23, and the NASDAQ Composite (RIXF) declined by 20.33 points to close at 2,417.10.Indian ADRs ended on a week note. Tata Motors dropped 3.3% to $16.92 and in line with this Infosys, Wipro, HDFC Bank and VSNL were down 1 to 2% each to $50.46, $16.14, $67.37 and $18.43 respectively.The major stock market in Asia is trading mixed on account of the Fed Chairman announcement, surging crude oil prices and weak February durable orders report in the US. The Nikkei 225 is trading at 17,096.25, down by 158.48 points, while Hang Seng up by 44.74 points to trade at 19,011.51. Taiex rose by 3.98 points to trade at 7,792.12. Today, Nifty has support at 3,675 and resistance at 3,800 and BSE Sensex has support at 12,600 and resistance at 13,000.

Post Session Market Commentary

Market did not get support during the trading session despite positive opening as the investors were in profit booking mood ahead of F&O expiry week. During final hours of trade, market saw some quick profit booking across the index pivotals. Overall market breadth was negative as 843 stocks advanced and 1740 stocks declined on BSE. BSE Sectoral indices closed lower.BSE sensex closed at 13,124.32 down by 161.61 points and Nifty was down by 41.10 points to close at 3819.95. BSE mid cap was down by 24.61 points to close at 5,376.72 and BSE small cap was down by 30.87 points to close at 6425.74.BSE auto index weighed down 89.89 points to close at 4950.03 as Tata Motors (4.19%), Maruti Udyog (2.35%) and Bajaj auto (0.12%) ended lower.BSE bank index slipped 135.11 points at 6687.22: ICICI Bank, HDFC bank, HDFC and SBI ended in deep red. BSE Capital goods index tumbled 91.29 points at 9038.49 as Suzlon, L&T, ABB and BHEL ended lower.BSE IT index closed 1.15% down at 5009.42 as Infosys, TCS, and Wipro ended lower. BSE health cares index closed 16.70 points down at 3557.68 as Ranbaxy Labs, Dr Reddy, Sun pharma and GSK ended in red.BSE FMCG index closed lower 9.00 points at 1680.47 as HLL closed up () while ITC and Dabur closed in red.BSE oil & gas index closed down by 21.57 points at 6412.60 as BPCL (0.31%) and RIL (0.65%) closed lower while HPCL, ONGC and IPCL closed in green.BSE Metal index closed flat at 8,445.81 as Tata Steel (1.53%) ended in green while SAIL, Hindalco and NALCO closed in red.

Mid Day Market Commentary

After opening on positive note, market was continuously losing its ground and was trading in negative territory on back of profit booking in selective stocks. Overall market breadth was negative as 626 stocks advanced and 1683 stocks declined on BSE index.At 12.35 pm, BSE sensex was at 12945.32 down by 179 points and Nifty was at 3773.65 down by 46.3 points. BSE Mid cap was down by 57.56 points to trade at 5319.15 and BSE small cap was down by 74.39 points to trade at 6351.34.BSE Metal index was trading 13.79 points up at 8459.60 as Tata Steel (1.35%) and SAIL (0.77%) were trading up.BSE IT index tumbled 137.41 points to trade at 4872.01 as HCL Tech (5.72%), Satyam (3.73%), TCS (3.48%) and Infosys (2.17%) were trading lower. BSE auto index was trading down 104.16 points at 4845.87 as Tata Motors (2.83%), Maruti Udyog (2.91%), and Hero Honda (2.47%) were declining. BSE Banks index was down by 126.91 points to trade at 6560.31; HDFC (2.82%), PNB Bank (1.91%), SBI (2.0%), and ICICI Bank (1.94%) were trading lower.BSE Oil & gas index was trading 42.29 points down at 6370.37 as GAIL, RIL, HPCL and BPCL were trading in red.BSE capital goods index was slipping 72.96 points at 8965.53 as Suzlon, L&T, ABB and Siemens were trading lower.

Pre Open Market Commentary

Indian market is likely to have a cautious opening as the US market closed in red whereas the Asian markets open mixed. On Monday, the Indian markets closed in red, as BSE Sensex closed at 13,124.32 dropped by 161.61 points and Nifty declined 41.10 points to close at 3,819.95.The outlook for the market is cautious on account of F&O expiry week. Tuesday, US markets closed in red. The Dow Jones Industrial Average (DJI) fell 71.78 points to close at 12,397.29. The S&P 500 (SPX) index dropped 8.89 points to close at 1,428.61, and the NASDAQ Composite (RIXF) declined by 18.2 points to close at 2,437.43.Indian ADRs ended on a week note. ICICI Bank dropped 3% to $39.55. Infosys, Satyam, Wipro, HDFC Bank and Tata Motors slipped 1-2% each to $51.66, $22.92, $16.37, $68.24 and $17.50, respectively.The major stock market in Asia is trading in flat on account of weaker US home sales and consumer confidence data. The Nikkei 225 is trading at 17,393.11, up 28.06 points, while Hang Seng dropped 4.64 points to trade at 19,702.15. Taiex fell by 25.85 points to trade at 7,819.32. Kospi and Straits Times dropped 1.39 points and 22.15 points to trade at 1,451.93 and 3,211.96 respectively.Today, Nifty has support at 3,725 and resistance at 3,900 and BSE Sensex has support at 12,850 and resistance at 13,300.

Post Session Market Commentary

Market did not get support during the trading session despite positive opening as the investors were in profit booking mood ahead of F&O expiry week. During final hours of trade, market saw some quick profit booking across the index pivotals. Overall market breadth was negative as 843 stocks advanced and 1740 stocks declined on BSE. BSE Sectoral indices closed lower.BSE sensex closed at 13,124.32 down by 161.61 points and Nifty was down by 41.10 points to close at 3819.95. BSE mid cap was down by 24.61 points to close at 5,376.72 and BSE small cap was down by 30.87 points to close at 6425.74.BSE auto index weighed down 89.89 points to close at 4950.03 as Tata Motors (4.19%), Maruti Udyog (2.35%) and Bajaj auto (0.12%) ended lower.BSE bank index slipped 135.11 points at 6687.22: ICICI Bank, HDFC bank, HDFC and SBI ended in deep red. BSE Capital goods index tumbled 91.29 points at 9038.49 as Suzlon, L&T, ABB and BHEL ended lower.BSE IT index closed 1.15% down at 5009.42 as Infosys, TCS, and Wipro ended lower. BSE health cares index closed 16.70 points down at 3557.68 as Ranbaxy Labs, Dr Reddy, Sun pharma and GSK ended in red.BSE FMCG index closed lower 9.00 points at 1680.47 as HLL closed up () while ITC and Dabur closed in red.BSE oil & gas index closed down by 21.57 points at 6412.60 as BPCL (0.31%) and RIL (0.65%) closed lower while HPCL, ONGC and IPCL closed in green.BSE Metal index closed flat at 8,445.81 as Tata Steel (1.53%) ended in green while SAIL, Hindalco and NALCO closed in red.

Mid Day Market Commentary

After opening on positive note, market was continuously losing its ground and was trading in negative territory on back of profit booking in selective stocks. Overall market breadth was negative as 883 stocks advanced and 1445 stocks declined on BSE index.At 12.50 pm, BSE sensex was at 13207.53 down by 78.39 points and Nifty was at 3852.25 down by 8.8 points. BSE Mid cap was down by 8.66 points to trade at 5392.66 and BSE small cap was down by 5.67 points to trade at 6450.94.BSE Oil & gas index was trading flat at 6436.80 as RIL (0.11%), ONGC (0.8%) and IPCL (0.82%) were trading green.BSE Metal index was trading 35.84 points up at 8489.81 as Tata Steel (1.75%) and Hindalco (0.11%) were trading up.BSE capital goods index was slipping 98.84 points at 9030.94 as Suzlon (1.45%), L&T (1.42%), ABB (0.18%) and BHEL (0.52%) were trading lower.BSE IT indexes tumbled 26.24 points to trade at 5041.49 as Infosys down by (1.08%) while Satyam (1.45%) and Wipro (0.13%) were rising. BSE auto index was trading down 64.80 points at 4975.12 as Tata Motors (3.875), Maruti Udyog (1.67%), and Bajaj auto (1.15%) were declining.BSE Banks index was down by 45.88 points to trade at 6776.45; HDFC Bank (3.38%), SBI (0.34%), and ICICI Bank (0.24%) were trading lower.BSE FMCG index was down by 4.45 points to trade at 1685.02 as ITC (0.38%), HLL (0.78%) and Dabur (2.03%) were trading lower.

Pre Open Market Commentary

Indian market is likely to have a cautious opening as the US and Asian markets are flat with positive bias. On Friday, the Indian markets closed in red, as BSE Sensex closed at 13,285.93 dropped by 22.10 points and Nifty declined 14.85 points to close at 3,861.05.The outlook for the market is cautious on account of F&O expiry week.Friday, US markets closed flat, as investors lacked significant data to support a week of sizable gains. The Dow Jones Industrial Average (DJI) gained 19.87 points to close at 12,481.01. The S&P 500 (SPX) index surged 1.57 points to close at 1,436.11, and the NASDAQ Composite (RIXF) fell by 2.81 points to close at 2,448.93. Major Indian ADRs closed in red except three. In technology sector, Infosys fell by 1.25%, Satyam edged up 0.04% and Wipro gained 0.78%. Banking sector, ICICI Bank closed up by 1.09% and HDFC bank declined by 0.16%. MTNL dropped 0.15% and VSNL fell by 3.52%.Asian market was trading mixed. Japan''s Nikkei down 0.06% to trade at 17,470.13, Heng Seng rose 0.10% 19,711.35 and Straits Times up 0.08% to trade at 3,208.36. Today, Nifty has support at 3,780 and resistance at 3,950 and BSE Sensex has support at 13,000 and resistance at 13,500.

Post Session Market Commentary

After opening on a positive note, the market was volatile during the day. Finally, BSE Sensex closed at 13,285.93 with a decline of 22.10 points. The NSE Nifty dropped 14.85 points to close at 3861.05. Overall, the market breadth was negative as 1040 stocks were closed in green whereas 1510 were ended up in red zone in BSE. BSE Mid cap and BSE Small cap were relatively flat, as mid cap was up by 6.09 points at 5401.33, while the small cap dropped 0.95 points at 6456.61.BSE oil & gas index closed at 6434.17 down by 0.16% as GAIL (1.43%), ONGC (1.33%), and BPCL (1.23%) closed in red, while RIL (0.26%) and IPCL (0.75%) ended higher.BSE Metal index closed 0.27% up at 8453.97 as SAIL (0.72%), Hindalco (0.22%) advanced, whereas Nalco (1.10%) and Tata Steel (0.92%) ended lower.BSE IT index closed 0.54% down at 5067.73 as TCS (1.39%) and Infosys (0.97%) ended in red. BSE FMCG index closed at 1689.47 down by 1.20% as ITC (3.41%) dropped, however Dabur (3.64%) and HLL (0.66%) closed in green. BSE bank index was relatively flat as it dropped by 0.07% at 6822.33: ICICI Bank, PNB, OBC and HDFC bank ended in red. BSE Capital goods index up by 1.75% at 9129.78 as L&T (3.06%) and BHEL (1.73%) advanced.BSE Auto Index fell 0.12% at 5039.92 as Tata Motors (2.14%), Hero Honda (1.93%) and Bajaj Auto (0.68%) ended lower.

Mid Day Market Commentary

Market was trading in positive territory on the backdrop of buying interest in selective shares. Overall market breadth was negative as 1162 stocks advanced and 1166 stocks declined on BSE.At 12.44 pm, BSE sensex was at 13360.61 up by 52.58 points and Nifty was at 3894.65 up by 18.75 points. BSE Mid cap was up by 24.67 points to trade at 5419.91 and BSE small cap was up by 30.60 points to trade at 6488.16.BSE capital goods index surged 148.88 points to trade at 9121.94 as L&T (3.57%), ABB (0.79%) and BHEL (2.36%) trading higher.BSE IT index dropped 19.98 points to trade at 5075.30 as Satyam (0.73%), Infosys (0.62%), trading in red, whereas Wipro (0.48%) and HCL technology (2.6%) were trading in green. BSE auto index fell 5.66 points to trade at 5040.27 as Tata Motors (0.79%), Maruti (0.70%) and Bajaj Auto (0.29%) were trading lower. BSE Banks index declined 6.63 points to trade at 6820.72; HDFC Bank and OBC was trading in red, whereas SBI, PNB and ICICI Bank were trading up.BSE Oil & gas index was trading 0.68 points up at 6445.16 as BPCL (0.21%) and RIL (0.27%) trading up, whereas IPCL (0.75%) and HPCL (1.27%) were trading down.BSE FMCG index dropped 9.47 points to trade at 1700.52 as ITC down (2.21%), whereas Dabur (3.36%) and HLL (1.174%) were trading higher.BSE Metal index surge 79.36 points to trade at 8510.45 as SAIL (2.52%), Hindalco (0.99%) and Nalco (0.73%) trading higher.BSE Health Care index grew 30.77 points to trade at 3584.33 as Cipla (3.27%), Dr. Reddy''s (1.25%) and Ranbaxy (0.39%) trading in green.

Pre Open Market Commentary

Indian market is likely to have a positive opening as the US and Asian markets are flat with positive bias. On Thursday, the Indian markets closed in green, as BSE Sensex closed at 13,308.03 up by 362.15 points and Nifty gained 111.35 points to close at 3,875.90.The outlook for the market is cautious. During afternoon session the coming inflation number may change the movement in either direction. Thursday, US markets closed flat, as there was no major support on data front. The Dow Jones Industrial Average (DJI) rose 13.62 points to close at 12,461.14. The S&P 500 (SPX) index dropped 0.50 points to close at 1,434.54, and the NASDAQ Composite (RIXF) fell by 4.18 points to close at 2,451.74.Major Indian ADRs closed in green except two. In technology sector, Infosys fell by 1.18%, Satyam edged up 0.17% and Wipro gained 0.24%. Banking sector, ICICI Bank closed up by 0.25% and HDFC bank surged by 1.04%. MTNL dropped 1.05% and VSNL increased by 7.51%.Asian market was trading mixed. Japan''s Nikkei advanced 0.20% to trade at 17,453.53, as investors consolidated gains after shares ended at a 3-week high in the previous session. Heng Seng down 0.16% and Straits Times dropped 0.21% to trade at 3,212.66. Today, Nifty has support at 3,750 and resistance at 3,975 and BSE Sensex has support at 12,800 and resistance at 13,500. We expect that the market may witness some profit booking.

Post Session Market Commentary

After opening on a positive note, the market gained significantly during the day. Finally, BSE Sensex closed at 13,308.03 with a gain of 362.15 points. The NSE Nifty gained 111.35 points to close at 3875.90. Overall, the market breadth was positive as 1660 stocks were closed in green whereas 929 were ended up in red zone in BSE.BSE Mid cap and BSE Small cap were lagged behind the key indices, as mid cap was up by 54.11 points at 5395.24 and the small cap gained 87.92 points at 6457.56.BSE oil & gas index closed at 6444.48 up by 2.66% as ONGC (5.08%), RIL (2.96%), HPCL (1.02%) and BPCL (0.66%) ended higher.BSE Metal index closed 2.16% up at 8431.09 as SAIL (3.24%), Tata Steel (2.98%) and Hindalco (0.97%) ended in green.BSE IT index closed 1.77% up at 5095.28 as Wipro (2.54%), Satyam (2.95%) and Infosys (1.24%) ended higher. BSE FMCG index closed at 1709.99, surged by 2.66% as HLL up (2.57%), Dabur (3.49%) and ITC (3.39%) closed in green. BSE bank index gained 4.31% at 6827.35: ICICI Bank, PNB, OBC, HDFC bank, and SBI ended in green.BSE Capital goods index up by 3.76% at 8973.06 as L&T (4.94%), BHEL (5.92%) and Siemens (5.15%) and ABB (2.48%) advanced.BSE Auto Index gained 3.10% at 5045.93 as Maruti (4.84%), M&M (3.72%), Tata Motors (3.57%) and Bajaj Auto (3.05%) ended higher.

Mid Day Market Commentary

Market was trading in positive territory on the backdrop of buying interest across all the sectors. Overall market breadth was positive as 1583 stocks advanced and 727 stocks declined on BSE.At 12.30 pm, BSE sensex was at 13219.74 up by 273.86 points and Nifty was at 3853.15 up by 88.59 points. BSE Mid cap was up by 51.61 points to trade at 5392.75 and BSE small cap was up by 85.82 points to trade at 6455.47.BSE capital goods index surged 262.84 points to trade at 8911.02 as ABB (2.73%) and BHEL (5.09%) trading higher.BSE IT index gained 65.50 points to trade at 5072.09 as Infosys (0.8%), Wipro (2.02%) and HCL technology (0.79%) were trading in green. BSE auto index grew by 118.02 points to trade at 5012.03 as Maruti (5.19%), Hero Honda (3.37%), M&M (2.59%%), Tata motors (2.15%), and Bajaj Auto (1.84%) were trading higher. BSE Banks index gained 208.27 points to trade at 6753.60; HDFC Bank, SBI, PNB and ICICI Bank were trading up.BSE Oil & gas index was trading 144.86 points up at 6422.22 as RIL (2.04%), IPCL (1.44%) BPCL (0.82%) and HPCL (0.45%) were trading in green.BSE FMCG index gained 42.70 points to trade at 1708.38 as HLL (3.59%), ITC (2.73%) and Dabur (4.24%) were trading higher.BSE Metal index gained 136.54 points to trade at 8389.50 as SAIL (2.13%) and Tata Steel (1.82%) trading higher.BSE Health Care index grew 30.35 points to trade at 3568.71 as Sun (2.02%), Ranbaxy (0.71%), Dr. Reddy''s (0.80%) and Cipla (1.01%) trading in green.

Pre Open Market Commentary

Indian market is likely to open on a positive note on the backdrop of significant gain in the US and Asian markets. On Monday, the Indian markets closed in green, as BSE Sensex closed at 12,945.88 up by 239.94 points and Nifty gained 66.95 points to close at 3,764.55.The outlook for the market is positive. Wednesday, US markets closed in green, as the Fed statement boosted the confidence of the investors. The Dow Jones Industrial Average (DJI) rose 159.42 points to close at 12,447.52. The S&P 500 (SPX) index gained 24.10 points to close at 1,435.04, and the NASDAQ Composite (RIXF) surged by 47.71 points to close at 2,455.92. Major Indian ADRs closed in green. In technology sector, Infosys up by 2.40%, Satyam edged up by 3.43% and Wipro gained 2.66%. Banking sector, ICICI Bank closed up by 4.38% and HDFC bank surged by 3.23%. MTNL closed gained 2.93% and VSNL increased by 5.37%.Asian market gained for a forth-straight day on the back of Wall Street gains. Japan''s Nikkei gained 1.70% to trade at 17,455.47, Heng Seng advanced 1.01% and Straits Times grew 2.09% to trade at 3,221.58. Brent crude oil for May settlement rose 57 cents to close at $60.77 a barrel.Today, Nifty has support at 3,650 and resistance at 3,900 and BSE Sensex has support at 12,700 and resistance at 13,300. We expect that the market will extend its gain today.

Post Session Market Commentary

After opening on a positive note, the market was volatile during the day, but managed to be in the green territory through out the day. Finally, BSE Sensex closed at 12945.88 with a gain of 239.94 points. The NSE Nifty gained 66.95 points to close at 3764.55. Overall, the market breadth was negative as 1155 stocks were closed in green whereas 1370 were ended up in red zone in BSE. BSE Mid cap and BSE Small cap were lagged behind the key indices, as mid cap was up by 9.74 points at 5341.13 and the small cap gained 14.42 points at 6369.64.BSE oil & gas index closed at 6277.36 up by 1.26% as RIL (1.39%), HPCL (0.44%) ended higher whereas GAIL (1.86%) and BPCL (2.07%) closed in red.BSE Metal index closed 1.42% up at 8252.96 as SAIL (3.59%), Tata Steel (1.44%) and Hindalco ended in green.BSE IT index closed 1.38% up at 5006.59 as Wipro (1.50%), Satyam (1.99%) and Infosys (2.10%) ended higher. BSE FMCG index closed at 1665.68, surged by 2.26% as HLL up (4.54%), Dabur (4.46%) and ITC (2.66%) closed in green. BSE bank index gained 4.04% at 6545.33: ICICI Bank, PNB, OBC, HDFC bank, and SBI ended in green. BSE Capital goods index up by 1.15% at 8648.18 as L&T (2.35%), BHEL (3.48%) and Siemens (0.85%) advanced whereas ABB (1.45%) ended lower.BSE Auto Index gained 0.76% at 4894.01 as Hero Honda (2.40%) and M&M (1.13%) ended higher.

Mid Day Market Commentary

Market was trading in positive territory on the backdrop of selective buying interest seen in index pivotals. Overall market breadth was negative as 1033 stocks advanced and 1218 stocks declined on BSE index.

At 12.31 pm, BSE sensex was at 12772.91 up by 66.96 points and Nifty was at 3707.70 up by 10.09 points. BSE Mid cap was up by 13.30 points to trade at 5344.69 and BSE small cap was up by 7.80 points to trade at 6363.03.

BSE capital goods index dropped 5.51 points to trade at 8543.96 as ABB down (1.26%), whereas L&T (0.12%), BHEL (0.53%) trading higher.

BSE IT indexes up 5.86 points to trade at 4944.14 as Infosys up (0.62%) whereas Wipro (0.63%) and HCL technology (1.86%) were trading in red.

BSE auto index grew by 6.01 points to trade at 4862.97 as M&M up (0.29%) and Hero Honda gained (2.19%), whereas Tata motors (0.53%), Maruti (0.02%) and Bajaj Auto (0.65%) were trading in red.

BSE Banks index gained 125.98 points to trade at 6417.25; OBC, SBI, PNB and ICICI Bank were trading up.

BSE Oil & gas index was trading 26.84 points down at 6172.68 as GAIL (1.93%), IPCL (1.55%) BPCL (1.08%) and HPCL (0.93%) were trading in red.

BSE FMCG index gained 19.84 points to trade at 1648.76 as HLL (1.85%), ITC (2.17%) and Dabur (0.48%) were trading higher.

BSE Metal index gained 42.81 points to trade at 8180.36 as SAIL (0.97%), Tata Steel (0.97%), whereas Hindalco (0.04%), Nalco (0.96%) were trading in red.

BSE HealthCare index dropped 9.93 points to trade at 3515.52 as Ranbaxy (0.97%) and Cipla (0.13%) trading down.

Pre Open Market Commentary

Indian market is likely to open on a positive note on the backdrop of recovery in the US markets. On Monday, markets gained, as BSE Sensex closed at 12,7505.94 up by 60.95 points and Nifty gained 18.70 points to close at 3697.60.The outlook for the market is cautious with positive bias.Tuesday, US markets closed in green, as the investors built on a broad based rally a day earlier that was predicted in part on hopes that tomorrow''s Fed statement will reflect a more accommodative policy stance. The Dow Jones Industrial Average (DJI) rose 61.93 points to close at 12,288.10. The S&P 500 (SPX) index gained 8.88 points to close at 1,410.94, and the NASDAQ Composite (RIXF) surged by 13.80 points to close at 2,408.21. Major Indian ADRs closed in green except for two. In technology sector, Infosys up by 0.72%, Satyam edged up by 1.09% and Wipro gained 0.50%. Banking sector, ICICI Bank closed up by 1.23% and HDFC bank surged by 2.08%. MTNL closed down 0.92% and VSNL increased by 2.00%.Hang Seng Index traded 0.1% lower in the first hour of trading, whereas Kospi index was up 0.3% and in line with this, Shanghai Composite was up 0.7%. In the oil markets, crude for May delivery, which became the front-month contract on Tuesday, rose as much as 35 cents to $59.60 a barrel in Asian electronic trading. Crude for April delivery finished up 14 cents at $56.73 a barrel Tuesday in trading on the New York Mercantile Exchange.

Post Session Market Commentary

After opening on a positive note, the market was volatile during the day, but managed to be in the green territory through out the day. Finally, BSE Sensex closed at 12705.94 with a gain of 60.95 points. It reached the highest of 12798.80 and a low of 12674.77. Following this trend, the NSE Nifty gained 18.70 points to close at 3697.60. During the day, it touched a highest of 3725 and a low of 3676.65. Overall, the market breadth was positive as 1366 stocks were closed in green territory whereas 1201 were ended up in red zone in BSE.BSE Mid cap and BSE Small cap were changed in line with the broader market, as mid cap was up by 44.72 points or 0.85% at 5331.39 and the small cap gained 20.15 points or 0.32% at 6355.22.BSE oil & gas index closed at 6199.52 up by 0.76% as HPCL (3.12%), GAIL (3.83%), BPCL (4.28%), IPCL (0.38%) and RIL (0.95%) closed in green.BSE Metal index closed 0.53% up at 8137.55 as Hindalco (3.65%), NALCO (2.79%) gained whereas Tata Steel (1.72%) and SAIL (0.58%) ended in red.BSE IT index closed 0.59% down at 4938.28 as Wipro (1.08%) Infosys (1.78%), HCL technology (0.77%) ended lower. BSE health cares index closed 1.13% up at 3525.45: Cipla (2.07%), Ranbaxy (5.69%), Dr. Reddy''s (0.55%) and GSK (0.24%) ended in green.BSE FMCG index closed at 1628.92, surged by 0.50% as HLL up (2.11%) whereas ITC (0.85%) and Dabur (1.12%) closed in red. BSE bank index gained 1.18% at 6291.27: HDFC bank, HDFC and SBI ended in green.BSE Capital goods index up by 0.48% at 8549.47 as L&T (0.09%) and Siemens (1.33%) advanced whereas ABB (0.38%) and BHEL (1.55%) ended lower.BSE Auto Index gained 0.22% at 4856.96 as Maruti (0.25%) and Mahindra & Mahindra (0.69%) ended in a positive territory whereas Bajaj Auto (0.81%) and Tata Motor (0.09%) declined.

Mid Day Market Commentary

Market was trading in positive territory on the backdrop of selective buying interest seen in index pivotals. Overall market breadth was positive as 1335 stocks advanced and 908 stocks declined on BSE index.At 12.52 pm, BSE sensex was at 12693.67 up by 48.68 points and Nifty was at 3693.3 up by 14.40 points. BSE Mid cap was up by 29.52 points to trade at 5316.20 and BSE small cap was up by 41 points to trade at 6376.07.BSE capital goods index was surged 79.09 points at 8587.84 as L&T (0.96%) whereas ABB (0.61%) and BHEL (1.12%) were trading lower.BSE IT indexes down 5.20 points to trade at 4962.15 as Wipro (0.57%), Infosys (1..07%) and HCL technology (0.94%) were trading in red. BSE auto index was trading in red as it is down by 4.29 points at 4842.05 as Hero Honda (1.71%), Tata motors (1.24%), M&M (0.69%) and Bajaj Auto (0.22%) were declining. BSE Banks index was up by 83.40 points to trade at 6301.59; OBC, SBI, PNB and ICICI Bank were trading up.BSE Oil & gas index was trading 42.14 point up at 6194.71 as GAIL (1.64%), BPCL (2.20%), HPCL (2.02%) and RIL (0.53%) were trading in green.BSE FMCG index gained 10.16 points to trade at 1631.01 as HLL (2.16%) was trading higher whereas ITC (1.34%) and Dabur (0.88%) were trading lower.BSE Metal index soared 97.54 points to trade at 8191.90 as Hindalco (2.29%), Nalco (2.26%), SAIL (1.45%) and Siemens (0.91%) were trading in green.BSE HealthCare index gained 57.18 points to trade at 3543.30 as Ranbaxy (4.69%), Cipla (2.13%), Dr. Reddy''s (0.69%) and Sun (0.50%) were trading higher.

Pre Open Market Commentary

Indian market is likely to open on a positive note on the backdrop of recovery in Asian as well as US markets. On Monday, markets gained, as BSE Sensex closed at 12,644.99 up by 214.59 points and Nifty gained 70.35 points to close at 3678.90.The outlook for the market is positive.Friday, US markets closed with positive bias, as some of the M&A news and rally in overseas market boosted the confidence of the investors. The Dow Jones Industrial Average (DJI) rose 115.76 points to close at 12,226.17, the index biggest gain since March 06. The S&P 500 (SPX) index gained 15.11 points to close at 1,402.06, and the NASDAQ Composite (RIXF) surged by 21.75 points to close at 2,394.41. Major Indian ADRs closed in green. In technology sector, Infosys up by 2.36%, Satyam edged up by 5.13% and Wipro gained 2.75%. Banking sector, ICICI Bank closed up by 3.36% and HDFC bank surged by 3.61%. MTNL closed up 4.80% and VSNL increased by 3.54%.Asian stocks climbed for a second consecutive day on Tuesday led by Japanese exporter after the yen extended a slide against the dollar and Euro. Toyota Motors and Honda are two of the main gainers. Japanese benchmark index, Nikkei gained 196.65 points to trade at 17206.20. Hang Seng, Taiex, Kospi and Shanghai Composite rose by 106.98 points, 34.48 points, 0.03 points and 6.64 points to trade at 19373.72, 7771.94, 1443.42 and 3021.08 respectively. Today, Nifty has support at 3600 and resistance at 3800 and BSE Sensex has support at 12500 and resistance at 13000. We expect the market will extend its gain today.

Post session Market Commentary

After opening on a positive note, the market today recovered some of its ground, as BSE Sensex closed at 12644.99 with a gain of 214.59 points. It reached the highest of 12655 and a low of 12426.66. Following this trend, the NSE Nifty gained 70.35 points to close at 3678.90. During the day, it touched a highest of 3683.35 and a low of 3602.85. Overall, the market breadth was positive as 1419 stocks were closed in green territory whereas 1110 were ended up in red zone in BSE. BSE Mid cap and BSE Small cap were changed in line with the broader market, as mid cap was up by 51.10 points or 0.98% at 5286.67 and the small cap gained 60.43 points or 0.96% at 6335.07.BSE oil & gas index closed at 6152.57 up by 1.71% as ONGC (3.95%), HPCL (1.39%), GAIL (4.55%), BPCL (2.57%), and RIL (0.99%) closed in green.BSE Metal index closed 0.28% up at 8094.36 as SAIL up (0.54%) whereas Hindalco (0.54%) and Tata Steel (0.42%) ended in red.BSE IT index closed 1.80% up at 4967.35 as Wipro (2.43%) Infosys (1.69%), and Satyam (0.79%) ended higher. BSE health cares index closed 0.78% up at 3486.12: Cipla (0.74%), Ranbaxy (0.16%) and ended in green.BSE FMCG index closed at 1620.85, down by 0.32% as ITC down (2.31%), whereas HLL up (1.86%).BSE bank index gained 1.81% at 6218.19: ICICI Bank, HDFC bank, HDFC and SBI ended in green. BSE Capital goods index up by 2.09% at 8508.75 as L&T (1.4%), Siemens (1.65%), ABB (1.92%) and BHEL (6.54%) ended higher.BSE Auto Index gained 1.08% at 4846.34 as Maruti (1.27%), Bajaj Auto (1.17%) Tata Motor (3.41%) and Mahindra & Mahindra (0.85%) advanced.

Mid Day Market Commentary

Market was trading strong on back of intensify buying seen across the sectoral index. Overall market breadth was positive as 1,253 stocks advanced and 860 stocks declined on BSE index.

At 12.48 pm, BSE sensex was at 12,561.53 up by 131.13 points and Nifty was at 3654.60 up by 46.04 points. BSE Mid cap was up by 41.09 points to trade at 5,276.66 and BSE small cap was up by 53.76 points to trade at 6,328.41.

BSE capital goods index was surging 98.03 points at 8432.99 as L&T (0.51%), ABB (1.1%) and BHEL (3.14%) were trading higher.

BSE IT indexes soared 66.78 points to trade at 4946.24 as Wipro (1.90%), Infosys (1.49%) and HCL technology (0.84%) were rising.

BSE auto index was trading up 27.18 points at 4821.90 as Tata motors (1.26%), Bajaj Auto (0.10%) and Maruti Udyog (0.56%) were advancing.

BSE Banks index was up by 49.23 points to trade at 6156.95; OBC, SBI, PNB and ICICI Bank were trading up.

BSE Oil & gas index was trading 72.19 point up at 6,121.49 as GAIL (3.38%), ONGC (2.39%) and RIL (0.81%) were trading in green.

BSE FMCG index dropped by 7.05 points to trade at 1,618.94 as ITC (2.14%), while HLL and Dabur were trading higher.

Pre Open Market Commentary

Indian market is likely to open on a positive note on the backdrop of marginal recovery in Asian markets. Friday, markets closed in red territory amid volatile trade. As a result, BSE sensex closed at 12,430.40 down by 113.45 points and Nifty was down by 35.05 points to close at 3608.55.The outlook for the market is cautious.

Friday, US markets closed with negative bias, as reading on inflation deflated hopes the Federal Bank will start moving towards an interest rate cut. The major indices incurred modest losses during the day. The Dow Jones Industrial Average (DJI) dropped 49.27 points to close at 12,110.41. The S&P 500 (SPX) index fell by 5.33 points to close at 1,386.95, and the NASDAQ Composite (RIXF) declined by 6.04 points to close at 2,372.66. Major Indian ADRs closed in red. In technology sector, Infosys down by 1.20%, Satyam dropped by 0.95% and Wipro fell by 0.70%. Banking sector, ICICI Bank closed lower by 2.38% and HDFC bank lost 1.07%. MTNL closed up 0.32% and VSNL dropped by 0.43%.

Asian stocks nudged higher on Monday with the markets shrugging of a hike in interest rate by China''s central bank on Saturday 17 March 2007. China''s main share index opened down more than 2 percent, but soon regained its poise to trade in positive territory. It was up 1.6%. Key benchmark indices in Hong Kong, Japan, South Korea, Singapore and Taiwan were up by between 0.38% to 0.83%.

Post Session Market Commentary

After opening on a positive note, the market was not able to sustain the selling pressure and within half an hour it entered into negative territory. During the day, the BSE Sensex touched the highest of 12638.78 points and a low of 12316.10 points. Finally, it closed with a decline of 113.45 points or 0.90% at 12430.40 points. Following this trend, the NSE Nifty touched a high of 3683.60 points and a low 3573.85 points and at last closed at 3608.55 points with a drop of 35.05 points or 0.96%. Overall, the market breadth was negative as 817 stocks were up whereas 1738 stocks registered a decline during the day. BSE Sectoral indices closed in red except the Oil & Gas index.

BSE Mid cap and BSE Small cap were changed in line with the broader market, as mid cap was down by 45.22 points or 0.86% at 5235.57, whereas the small cap witnessed relatively major decline, as it dropped by 93.54 points or 1.47%.

BSE oil & gas index closed at 6049.30 marginally up by 0.38% as HPCL (2.01%), BPCL (1.64%), and RIL (1.2%) closed in green.

BSE Metal index closed 0.63% down at 8,123.19 as Hindalco (1.22%) and Tata Steel (0.52%) ended in red.

BSE IT index closed 0.97% down at 4879.46 as Infosys, TCS and Satyam ended lower.

BSE health cares index closed 0.52% down at 3459.06: Dr Reddy, Ranbaxy and GSK ended in green.

BSE FMCG index closed at 1625.99, down by 0.97%, as ITC, HLL and Dabur closed in red.

BSE bank index slipped 1.35% at 6107.72: ICICI Bank, HDFC bank, HDFC and SBI ended in red.

BSE Capital goods index tumbled by 2.60% at 8334.96 as Suzlon, L&T and BHEL ended lower.

Mid Day Market Commentary

After opening on positive note, market slipped into negative territory and was trading weak on back of selling pressure across the sectoral indices. Overall market breadth was significantly negative as 638 stocks advanced and 1581 stocks declined on BSE index.

At 12.55 pm, BSE sensex was at 12448.42 down by 95.42 points and Nifty was at 3616.70 down by 26.90 points. BSE Mid cap was down by 58.93 points to trade at 5221.85 and BSE small cap was down by 76.34 points to trade at 6291.84.

BSE capital goods index was slipping 156.30 points at 8401.35 as L&T (2.55%), ABB (1.11%) and BHEL (1.41%) were trading lower.

BSE IT indexes tumbled 64.44 points to trade at 4862.64 as HCL tech (2.95%), Infosys (2.04%) and Satyam (2.10%) were rising.

BSE auto index was trading down 16.03 points at 4802.65 as M&M (2.35%), Hero Honda (1.83%) and Bajaj auto (0.47%) were declining.

BSE Banks index was down by 82.90 points to trade at 6108.53; HDFC Bank (3.31%), SBI (2.07%), and ICICI Bank (1.46%) were trading lower.

BSE Oil & gas index was trading flat at 6023.80 as GAIL (1.07%), ONGC (0.23%) and IPCL (0.54%) were trading in red.

BSE FMCG index was down by 11.45 points to trade at 1630.52 as HLL (1.16%) and Dabur (2.74%) were trading lower.

Pre Open Market Commentary

Indian market is likely to open on cautious to lower on back of weak Asian markets. Yesterday, markets closed with modest gains amid volatile trade. As a result, BSE sensex closed at 12543.85 up by 14.23 points and Nifty was up by 2.50 points to close at 3643.60.The outlook for the market is cautious.

Thursday, US markets closed with modest gains on back of investors who found comfort in the market''s ability to bounce back from recent heavy losses. Dow gained 26 points to close at 12,159and the NASDAQ Composite (RIXF) closed up 7 points at 2,378.

Major Indian ADRs closed mixed. In technology sector, Infosys up by 0.27%, Satyam unchanged and Wipro gained by 0.77%. Banking sector, ICICI Bank closed lower 2.73% and HDFC bank lost 1.16%. MTNL closed up 2.30% and VSNL added 0.92%.

The major stock markets in Asia were trading weak on Friday. Nikkei 225 tumbled 155.46 points at 16,704.93. Straits Times was down 31.35 points at 3,063.25 and Taiwan''s Taiwan Weighted slipping 16.97 points at 7,678.99. Crude for April delivery dropped 61cents at USD57.55 a barrel.

Today, Nifty has support at 3585 and resistance at 3745 and BSE Sensex has support at 12365 and resistance at 12780. However, it is our advice to watch trading session carefully.

Post Session Market Commentary

After opening on sharp positive note, Market was trading strong till mid session but during final trading session it lost almost all its gains. However it managed to close in green. Overall market breadth was positive as 1399 stocks advanced and 1017 stocks declined on BSE. BSE Sectoral indices closed mixed.

BSE sensex closed at 12543.85 up by 14.23 points and Nifty was up by 2.50 points to close at 3643.60. BSE mid cap was up by 34.41 points to close at 5,280.79 and BSE small cap was up by 43.96 points to close at 6368.18.

BSE Metal index closed 1.34% up at 8,123.19 as SAIL (2.43%), Hindalco (1.09%) and Tata Steel (0.49%) ended in green.

BSE IT index closed 1.88% up at 4836.38 as Infosys, TCS, Satyam and Wipro ended higher.

BSE health cares index closed 18 points up at 3477.13 as Dr Reddy, Sun pharma and GSK ended in green.

BSE FMCG index closed up 28.05 points at 1641.97 as ITC ended in green while HLL and Dabur dropped in red.

BSE bank index slipped 76.85 points at 6191.43: ICICI Bank, HDFC bank, HDFC and SBI ended in deep red.

BSE Capital goods index closed flat at 8557.65 as Suzlon, ABB and BHEL ended lower.

BSE oil & gas index closed flat at 6026.30 as GAIL (3.17%), IPCL (1.65%), BPCL (0.2%) closed in green and RIL and ONGC ended in red.

BSE auto index closed at 4818.68, down by 0.73% as M&M, Hero Honda, Bajaj auto and Tata motors ended lower.

Mid Day Market Commentary

Market was trading strong on back of intensify buying seen across the sectoral index. Overall market breadth was significantly positive as 1749 stocks advanced and 470 stocks declined on BSE index.

At 1.05 pm, BSE sensex was at 12763.27 up by 233.64 points and Nifty was at 3699.40 up by 58.30 points. BSE Mid cap was up by 113.82 points to trade at 5360.21 and BSE small cap was up by 142.82 points to trade at 6467.05.

BSE capital goods index was surging 173.8 points at 8733.63 as Suzlon (1.04%), L&T (2.17%), ABB (1.33%) and BHEL (1.68%) were trading higher.

BSE IT indexes soared 143.14 points to trade at 4979.52 as Wipro (1.77%), Infosys (3.77%) and TCS (2.59%) were rising. BSE auto index was trading up 57.5 points at 4911.7 as Tata motors (1.25%), Hero Honda (0.64%) and Maruti Udyog (1.03%) were advancing.

BSE Banks index was up by 54.88 points to trade at 6323.16; OBC, SBI, PNB and ICICI Bank were trading up.

BSE Oil & gas index was trading 70.43 point up at 6099.66 as GAIL (2.52%), ONGC (0.75%) and RIL (1.22%) were trading in green.

BSE FMCG index up by 42.1 points to trade at 1656.03 as ITC(4.16%),HLL(1.13%) and Dabur(1.14%) were trading higher.

Pre Open Market Commentary

Indian market is likely to recover from its yesterday blood bath trading session on back of positive global cues. Yesterday, markets closed in deep red on back of weak global markets that resulted heavy selling pressure across the sectors. As a result, BSE sensex closed at 12529.62 down by 453.36 points and Nifty was down by 129.45 points to close at 3641.10.The outlook for the market is continued optimism.

Wednesday, US markets rebounded on back of concerns about faltering subprime mortgage lenders sparked a broad selloff and also it was technical supported. Dow gained 57.44 points to close at 12,133.40 and the NASDAQ Composite (RIXF) closed up 21.17 points at 2,371.74.

Major Indian ADRs closed mixed. In technology sector, Infosys slipped 0.79%, Satyam edge lower 1.36% and Wipro dropped by 0.05%. Banking sector, ICICI Bank gained 2.40% and HDFC bank rose 2.06%. MTNL closed up 0.83% and VSNL added 1.49%.

The major stock markets in Asia were trading higher on Thursday. Nikkei 225 gained 241.95 points at 16,918.84. Straits Times surged 48.90 points at 3,102.11 and Taiwan''s Taiwan Weighted adding 125.32 points at 7,695.59. Crude for April delivery dropped 23cents at USD58.16 a barrel.

Today, Nifty has support at 3600 and resistance at 3785 and BSE Sensex has support at 12465 and resistance at 13020. However, it is our advice to watch trading session carefully.

Post Session Market Commentary

After opening on sharp negative note, Market did not get any momentum to recover from losses. Overall market breadth was highly negative as 740 stocks advanced and 1772 stocks declined on BSE.

BSE sensex closed at 12529.62 down by 453.36 points and Nifty was down by 129.45 points to close at 3641.10. BSE mid cap was down by 107.45 points to close at 5,246.38 and BSE small cap was down by 110.65 points to close at 6324.22.

BSE bank index was the major losers with 4.14% down at 6268.28: ICICI Bank (5.91%), HDFC (3.13%) and SBI (3.71%) ended in deep red.

BSE Capital goods index plunged 3.31% at 8559.83 as Suzlon (4.23%), ABB (4.54%) and BHEL (4.0%) ended higher.

BSE Metal index closed 2.58% down at 8,015.66 as SAIL (4.59%), Hindalco (1.65%) and Tata Steel (3.58%) ended lower.

BSE oil & gas index slipped 2.96% at 6029.23 as IPCL (3.28%), RIL (3.15%) and ONGC (2.87%) ended in red.

BSE auto index closed at 4854.20, down by 1.89% as M&M, Hero Honda, Maruti Udyog and Tata motors ended lower.

BSE IT index closed 3.97% down at 4836.38 as TCS, Satyam and Wipro declined.

BSE health cares index closed 1.81% down at 3458.20 as CIPLA, Dr. Reddy Labs and GSK declined.

BSE FMCG index closed down 2.93% at 1613.92 as HLL, ITC and Dabur closed lower.

Mid Day Market Commentary

Market was trading in deep red on back of weakness in global markets. It was no showing any recovery at this moment. Overall market breadth was highly negative as 542 stocks advanced and 1678 stocks declined on BSE index.

At 1.15 pm, BSE sensex was at 12595.28 down by 387.69 points and Nifty was at 3655.85 down by 114.69 points. BSE Mid cap was down by 92.48 points to trade at 5261.34 and BSE small cap was down by 104.65 points to trade at 6330.21.

BSE capital goods index was down by 232.98 points at 8619.53 as Suzlon (3.40%), L&T (2.64%), ABB (2.88%) and BHEL (3.43%) were trading lower.

BSE metal index was losing 196.96 points at 8030.93 as SAIL (4.78%) and Tata Steel (3.52%) trading down.

BSE auto index was trading lower 113.22 points at 4834.44 as Tata motors (4.82%), Hero Honda (3.4%) and Maruti Udyog (2.19%) were trading in red.

BSE Banks index tumbled 229.71 points to trade at 6308.97; HDFC, SBI and ICICI Bank were trading down.

BSE IT indexes plunged by 166.86 points to trade at 4869.65 as Wipro (5.21%), Infosys (3.66%) and TCS (2.41%) were down.

BSE Oil & gas index was trading 157.20 point down at 6056.16 as ONGC (4.02%), RIL (2.64%) and GAIL (2.59%) were trading lower.

Pre Open Market Session

Indian market is likely to edge lower today. Yesterday, markets closed with modest gains amid higher volatility on account of buying interest seen in capital goods, Bank and auto stocks. As a result, BSE sensex closed at 12982.98 up by 80.35 points and Nifty was up by 35.95 points to close at 3770.55.The outlook for the market is abundant cautious.

Tuesday, US markets closed lower on back of issues regarding subprime mortgage market and weaker-than-expected retail sales. Dow tumbled 242.66 points to 12,075.96 and the NASDAQ Composite (RIXF) closed down 51.72 points at 2,350.57.

Major Indian ADRs closed lower. In technology sector, Infosys slipped 4.03%, Satyam edge lower 6.44% and Wipro dropped by 3.27%. Banking sector, ICICI Bank tumbled 5.74% and HDFC bank lost 4.11%. MTNL slipped 4.43% and VSNL dropped by 3.54%.

The major stock markets in Asia were trading lower on Wednesday. Nikkei 225 plunged 512.04 points at 16,666.80. Straits Times dropped 87.82 points at 3,071.08 and Taiwan''s Taiwan Weighted lost 116.03 points at 7,567.97. Crude for April delivery dropped 98cents at $57.93 a barrel.

Today, Nifty has support at 3585 and resistance at 3800 and BSE Sensex has support at 12465 and resistance at 13120. However, it is our advice to watch trading session carefully.

Post Session Market Commentary

Market made a smart recovery in post trading session on back of intensify buying interest across the sectoral indices. Overall market breadth was positive as 1739 stocks advanced and 851 stocks declined on BSE. BSE Sectoral indices closed in green except BSE FMCG index.

BSE sensex closed at 12982.98 up by 80.35 points and Nifty was up by 35.95 points to close at 3770.55. BSE mid cap was up by 77.33 points to close at 5,353.83 and BSE small cap was up by 117.22 points to close at 6434.87.

BSE Capital goods index surged 106.61 points at 8852.51 as Suzlon (4.89%), L&T (2.29%), ABB (2.73%) and BHEL (0.31%) ended higher.

BSE Metal index closed 86.81 points up at 8,227.89 as Hindalco (1.09%), Tata Steel (1.95%) and SAIL (0.72%) ended in green.

BSE bank index gained 69.27 points at 6538.68: ICICI Bank (1.28%), HDFC (1.21%) and SBI (0.49%) ended in positive territory.

BSE oil & gas index added 66.33 points at 6213.36 as ONGC (1.81%), HPCL (2.08%) and Reliance (0.83%) ended in green.

BSE auto index closed at 4947.66, up by 49.58 points as Bajaj Auto, M&M and Tata motors ended in green.

BSE IT index closed 33.73 points up at 5036.51 as TCS, Satyam and Wipro advanced.

BSE health cares index closed 31.57 points up at 3521.97 as CIPLA, Dr. Reddy Labs and GSK closed in green.

BSE FMCG index closed down 2.35 point at 1662.68 as HLL closed (2.38%) lower while Dabur closed in green.

Mid Day Market Commentary

After opening on firm note, it continued its northward journey till the halt but at present it was losing its gains on back of selective profit booking in scrips. Overall market breadth was positive as 1454 stocks advanced and 732 stocks declined on BSE index.

At 12.50 pm, BSE sensex was at 12885.33 down by 17.30 points and Nifty was at 3730.45 down by 4.14 points. BSE Mid cap was up by 42.15 points to trade at 5318.65 and BSE small cap was up by 72.97 points to trade at 6390.62.

BSE capital goods index was up by 26.05 points at 8771.95 as Suzlon (1.63%), L&T (1.05%), ABB (1.36%) and BHEL (0.19%) were trading in green.

BSE metal index was adding 57.88 points at 8198.96 as SAIL (0.86%) and Tata Steel (1.25%) trading up.

BSE auto index was up by 33.68 points at 4931.76 as Tata motors (0.38%), Maruti Udyog (0.37%) and Bajaj auto (0.30%) were trading in green.

Cement stocks were trading in green as ACC (1.43%), Gujarat ambuja(0.95%), and grasim(0.68%) were trading up.

BSE Banks index was trading 18.60 points up at 6488.01; HDFC, SBI and ICICI Bank were trading up.

BSE IT index was trading flat at 5009.92 as Wipro (0.76%), TCS (1.3%) and satyam (1.17%) were up.

BSE Oil & gas index was trading 21.67 point up at 6168.70 as HPCL, GAIL and Reliance were trading up.

Pre Open Market Commentary

Indian market is likely to open lower today. Yesterday, markets closed firm amid higher volatility on account of selective profit booking in scrips across the sectors. As a result, BSE sensex closed at 12902.63 up by 17.64 points and Nifty was up by 16.60 points to close at 3734.60.The outlook for the market is abundant cautious.

Monday, US markets closed higher on back of fresh concerns over the subprime- lender market and a batch of big mergers. Dow gained 42.30 points to 12,318.62 and the NASDAQ Composite (RIXF) closed up 14.74 points at 2,402.29.

Major Indian ADRs closed in green. In technology sector, Infosys marginally up by 0.44%, Satyam gained 2.79% while Wipro up by 1.31%. Banking sector, ICICI Bank rose 1.05% and HDFC bank gained 0.74%. MTNL slipped 0.32% while VSNL up by 0.42%.

The major stock markets in Asia were trading mixed on Tuesday. Nikkei 225 was down 59.61 points at 17,233.78. Straits Times dropped 12.79 points at 3,169.89 while Taiwan''s Taiwan Weighted gained 0.65% or 49.21 points at 7,678.36. Crude for April delivery dropped 1.9% at $58.91 a barrel.

Today, Nifty has support at 3665 and resistance at 3815 and BSE Sensex has support at 12565 and resistance at 13120. However, it is our advice to watch trading session carefully.

Post Session Market Commentary

Market closed in green after witnessing higher volatility. Overall market breadth was positive as 1145 stocks advanced and 961 stocks declined on BSE. BSE Sectoral indices closed in green except BSE FMCG index.

BSE sensex closed at 12902.63 up by 17.64 points and Nifty was up by 16.60 points to close at 3734.60. BSE mid cap was up by 48.06 points to close at 5,276.50 and BSE small cap was up by 66.60 points to close at 6317.65.

BSE Capital goods index surged 143.60 points at 8745.90 as Siemens (0.36%), ABB (1.54%) and BHEL (0.35%) ended higher.

BSE auto index closed at 4898.08, up by 54.43 points as Bajaj Auto, M&M and Tata motors ended in green.

BSE Metal index closed 48.99 points up at 8141.08 as NALCO (1.25%), Tata Steel (1.06%) and SAIL (0.72%) ended in green.

BSE IT index closed 28.57 points up at 5002.78 as TCS, Satyam and Wipro advanced.

BSE bank index gained 18.17 points at 6469.41: OBC (2.41%), HDFC (1.21%) and ICICI Bank (1.18%) ended in positive territory.

BSE oil & gas index added 28.56 points at 6147.03 as HPCL, BPCL, and ONGC ended in green.

BSE health cares index closed 27.62 points up at 3490.40 as CIPLA, Sun pharma and GSK closed in green.

BSE FMCG index tumbled 23.84 point at 1665.03 as Dabur (1.50%) and ITC (3.60%) closed in red.

Mid Day Market Commentary

Market was trading strong on back of sustained buying interest across the index pivotals. Overall market breadth was positive as 1517 stocks advanced and 682 stocks declined on BSE index.

At 12.55 pm, BSE sensex was at 13042.57 up by 157.57 points and Nifty was at 3777.25 up by 59.25 points. BSE Mid cap was up by 70.86 points to trade at 5299.30 and BSE small cap was up by 103.31 points to trade at 6354.36.

BSE capital goods index was advancing 162.37 points at 8764.67 as Suzlon (2.18%), L&T (1.76%), ABB (0.99%) and BHEL (2.46%) were trading higher.

BSE metal index was surging 110.36 points at 8202.45 as SAIL (3.03%) and Tata Steel (1.22%) trading up.

BSE Banks index was trading 66.59 points up at 6517.83; SBI, OBC and ICICI Bank were trading up.

BSE IT index was adding 64.07 points at 5038.28 as Infosys, Wipro, and TCS were up.

BSE Oil & gas index was trading 63.03 point up at 6181.50 as HPCL, ONGC, Reliance and BPCL were trading up.

BSE auto index was up by 61.12 points at 4904.77 as Tata motors, Maruti Udyog and Bajaj auto were trading in green.

BSE health index was trading 26.64 points up at 3489.42; Dr Reddy Labs, Sun pharma and Ranbaxy labs were in green.

Pre Open Market Commentary

Indian market is likely to open on positive note today on back of favorable global cues. Friday, markets closed lower on account of heavy selling in cement stocks, capital goods and oil & gas stocks. As a result, BSE sensex closed at 12884.99 down by 164.36 points and Nifty was down by 43.65 points to close at 3718.00. The outlook for the market is cautious.

Friday, US markets closed mixed on back of limited jobs growth in February that showed potential in economy growth. Dow closed up 15.62 points at 12,276.32 and the NASDAQ closed marginally down 0.18 points at 2,387.55.

Indian ADRs closed mixed. In technology sector, Infosys marginally down by 0.02%, Satyam lost 0.27% while Wipro unchanged. Banking sector, ICICI Bank tumbled 1.46% and HDFC bank edged lower 1.45%. MTNL slipped 3.21% and VSNL down by 2.35%.

The major stock markets in Asia were trading in green on Monday. Nikkei 225 was up 135.44 points at 17,299.48. Straits Times rose 27.27 points at 3,170.98 while South Korea''s Seoul Composite was up 14.74 points at 1,438.32. Crude for April delivery closed lower 2.6% at $60.05 a barrel.

Today, Nifty has support at 3655 and resistance at 3815 and BSE Sensex has support at 12565 and resistance at 13120. However, it is our advice to watch trading session carefully.

Post Session Market Commentary

Market closed lower amid choppy trade. It opened firm but instantly slipped in negative zone on back of heavy selling across the index pivotals. Overall market breadth was negative as 1075 stocks advanced and 1344 stocks declined on BSE. BSE Sectoral indices closed lower.

BSE sensex closed at 12884.99 down by 164.36 points and Nifty was down by 43.65 points to close at 3718.00. BSE mid cap was down by 18.35 points to close at 5,228.44 and BSE small cap was up by 5.24 points to close at 6251.05.

Cement stocks closed lower as Grasim (7.59%), ACC (6.72%), and Gujarat ambuja (2.57%) closed in red.

BSE Metal index closed 40.59 points down at 8092.09 as SAIL (0.76%) and Hindalco (3.66%), ended lower.

BSE FMCG index ended 28.10 point down at 1688.87 as HLL (0.38%) closed up and ITC (4.35%) closed in red.

BSE IT index closed 47.47 points down at 4974.21 as Infosys, Satyam and Wipro closed in lower.

BSE bank index lost 15.12 points at 6451.24: HDFC Bank up (0.40%) and HDFC up (0.29%) while SBI, OBC, PNB and ICICI Bank ended in red.

BSE Capital goods index tumbled 128.52 points at 8602.30 as Siemens, Suzlon and BHEL ended red.

BSE oil & gas index slipped 67.09 points at 6118.47 as HPCL, BPCL, Reliance and ONGC plunged.

BSE health cares index closed lower 35.06 points at 3462.78 as Ranbaxy labs, Dr reddys labs and Cipla closed in red.

BSE auto index closed at 4843.65, down by 64.37 points as Bajaj Auto, M&M and Tata motors ended in red.

Mid Day Market Commentary

Market was trading in negative territory on back of selling activities seen in index pivotals. Overall market breadth was positive as 1128 stocks advanced and 1029 stocks declined on BSE index.

At 12.50 pm, BSE sensex was at 12938.03 down by 111.31 points and Nifty was at 3725.05 down by 36.59 points. BSE Mid cap was up by 7.38 points to trade at 5254.17 and BSE small cap was up by 33.75 points to trade at 6279.57.

BSE metal index was trading 22.58 points up at 8155.26 as SAIL (3.2%) and Tata Steel (2.2%) trading up.

BSE Banks index was trading flat at 6459.41; SBI, OBC and ICICI Bank were trading up.

BSE IT index was slipping 62.12 points at 4959.56 as Infosys, Wipro, and Satyam were down.

BSE Oil & gas index was trading 59.24 point down at 6126.32 as GAIL, Reliance and BPCL were trading down.

BSE auto index was down by 52.81 points at 4855.21 as Tata motors Maruti Udyog an Bajaj auto were trading in red.

BSE health index was trading 34.13 points down at 3463.71; Dr Reddy Labs, GSK and Ranbaxy labs were in red.

BSE capital goods index was dropping

Pre Open Market Commentary

Indian market is likely to open on firm note today on back of positive global cues as well as yesterday''s momentum. Yesterday, markets ended higher on account of heavy buying in Metal, capital goods, Bank and FMCG stocks. As a result, BSE sensex closed at 13049.35 up by 469.60 points and Nifty was up by 134.80 points to close at 3761.65. The outlook for the market is guarded optimism.

Thursday, US markets closed higher on back of strong gains in global stock markets fed hopes that equities have stabilized after recent massive selloffs. Dow closed up 68.25 points at 12,260.70 and the NASDAQ closed up 13.09 points at 2,387.73

Indian ADRs closed in green. In technology sector, Infosys up by 2.93%, Satyam gained 2.82% and Wipro rose 3.83%. Banking sector, ICICI Bank surged 3.80% and HDFC bank edged up 5.07%. MTNL gained 5.14% and VSNL up by 4.87%.The major stock markets in Asia were trading in green on Friday. Nikkei 225 was up 55.28 points at 17,145.59. Straits Times rose 9.27 points at 3,131.76 while South Korea''s Seoul Composite was down 3.87 points at 1,420.02. Crude for April delivery closed off 18 cents at $61.64 a barrel.Today, Nifty has support at 3695 and resistance at 3845 and BSE Sensex has support at 12855 and resistance at 13460. However, it is our advice to watch trading session carefully.

Post Session Market commentary

Market zoomed on back of heavy buying interest seen across the index pivotals especially in Metal, Bank and capital goods stocks. Overall market breadth turned positive as 1748 stocks advanced and 776 stocks declined on BSE. BSE Sectoral indices closed mixed.

BSE sensex closed at 13049.35 up by 469.60 points and Nifty was up by 134.80 points to close at 3761.65. BSE mid cap was up by 132.38 points to close at 5,246.79 and BSE small cap was up by 157.50 points to close at 6245.81.

BSE Metal index soared 356.52 points to close at 8132.68 as SAIL (15.55%), Hindalco (4.94%), Tata Steel (3.46%) ended higher.

BSE FMCG index ended 52.92 point up at 1716.97 as HLL (10.0%) and ITC (1.55%) closed in green.

BSE IT index closed 126.98 points up at 5021.68 as Infosys, Satyam and Wipro closed in green.

BSE bank index surged 275.69 points at 6466.36 as HDFC Bank (7.15%), SBI (3.80%) and ICICI Bank (4.08%) ended in green.

BSE Capital goods index advanced 376.84 points at 8730.82 as Siemens, ABB and BHEL ended up.

BSE oil & gas index ended 166.78 points up at 6185.56 as IPCL (12.55%), Reliance (3.75%), and ONGC (1.98%) surged.

BSE health cares index closed 126.71 points up at 3497.84 as Ranbaxy labs, Dr reddys labs and Sun Pharma closed in green.

BSE auto index closed at 4908.02, up by 111.19 points as Bajaj Auto, M&M and Tata motors ended in green.

Mid Day Market Commentary

Market was trading in northward direction on back of heavy buying interest seen across the sectoral index. However, overall market breadth was negative as 818 stocks advanced and 1423 stocks declined on BSE index.

At 12.55 pm, BSE sensex was at 12816.71 up by 236.96 points and Nifty was at 3705.25 up by 78.39 points. BSE Mid cap was up by 17.60 points to trade at 5132.01 and BSE small cap was up by 11.45 points to trade at 6099.77.

BSE IT index was rising 103.48 points at 4998.18 as Infosys (2.29%), Wipro (3.26%) and TCS (2.03%) were up.

BSE Oil & gas index was trading 145.8 point up at 6164.58 as IPCL (14.94%), ONGC (3.67%), and Reliance (2.32%) were up.

BSE Banks index was surging 172.73 points at 6363.41 as HDFC Bank (3.65%), SBI (2.94%), and ICICI Bank (2.64%) were trading up.

BSE auto index was up by 41.97 points at 4838.8 as Tata motors Maruti Udyog an Bajaj auto were trading in green.

BSE health index was trading 40.08 points up at 3411.22; Dr Reddy Labs, Sun pharma and Ranbaxy labs were in green.

BSE capital goods index was adding 129.2 points at 8483.18 as L&T, ABB and BHEL were trading up.

Pre Open Market Commentary

Indian market is likely to open on firm note on back of recovery in Asian Market. Yesterday, markets ended lower after opening on firm note on account of selling pressure in Metal, IT, Bank and FMCG stocks. As a result, BSE sensex closed at 12579.75 down by 117.34 points and Nifty was down by 28.80 points to close at 3626.85. The outlook for the market is cautious.

Wednesday, US markets closed in red on concerns about slower growth and weakness in the housing market, amid a diminishing appetite for risk recovery. Dow closed down 15.14 points at 12,192.45 and the NASDAQ closed down 10.50 points at 2,374.64.

Indian ADRs closed lower. In technology sector, Infosys down by 2.12%, Satyam lost 1.19% and Wipro slipped 1.66%. Banking sector, ICICI Bank declined by 1.19% and HDFC bank edged lower 1.19%. MTNL gained 0.32% and VSNL down by 1.28%.

The major stock markets in Asia were trading higher on Thursday. Nikkei 225 was down 38 points at 16,726.6. Straits Times surged 8.43 points at 3,067.58 and South Korea''s Seoul Composite was up 7.41 points at 1,418.36 Oil prices trade above $62 a barrel.

Today, Nifty has support at 3585 and resistance at 3725 and BSE Sensex has support at 12455 and resistance at 12850. However, it is our advice to watch trading session carefully.

Post Session Market Commentary

Market ended in red on back of heavy selling pressure across the index pivotals especially Metal, Bank and FMCG stocks. Overall market breadth was negative as 579 stocks advanced and 1959 stocks declined on BSE. BSE Sectoral indices closed mixed.

BSE sensex closed at 12579.75 down by 117.34 points and Nifty was down by 28.8 points to close at 3626.85. BSE mid cap was down by 105.04 points to close at 5,114.41 and BSE small cap was down by 171.21 points to close at 6088.31.

BSE Metal index tumbled 225.96 points to close at 7,776.16 as SAIL (4.94%), Hindalco (2.19%), Tata Steel (1.49%) ended down.

BSE FMCG index ended 35.58 point down at 1664.05 as ITC and HLL dropped more than 2%.

BSE IT index closed 67.24 points down at 4894.70 as Infosys, Satyam and Wipro closed lower.

BSE bank index slipped 162.61 points at 6190.67 as HDFC Bank, SBI and ICICI Bank ended lower.

BSE Capital goods index closed flat at 8353.98 as Siemens, ABB and BHEL ended in red.

BSE oil & gas index ended 48.44 points down at 6018.78 as HPCL (4.59%), BPCL (0.81%), and ONGC (0.58%) declined.

BSE health cares index closed 3.68 points up at 3371.13 as GSK, Dr reddys labs and Sun Pharma closed in green.

BSE auto index closed at 4796.83, up by 18.01 points as Bajaj Auto, M&M and Tata motors ended in green.

Mid Day Market Commentary

After opening on firm note, Market was continuously losing its gains on back of selective profit booking by the participants. Overall market breadth was negative as 818 stocks advanced and 1423 stocks declined on BSE index.

At 12.55 pm, BSE sensex was at 12636.24 down by 60.85 points and Nifty was at 3633.35 down by 22.29 points. BSE Mid cap was down by 56.44 points to trade at 5163.01 and BSE small cap was down by 81.01 points to trade at 6178.51.

BSE metal index was slipping 87.30 points at 7914.82 as Tata Steel, SAIL and Hindalco were trading down.

BSE IT index was dropping 40.14 points at 4921.80 as Infosys, Wipro, TCS and Satyam were down.

BSE Oil & gas index was trading flat at 6069.00: HPCL, BPCL, ONGC and GAIL were down.

BSE Banks index was declining 12.95 points at 6340.33 as SBI, PNB were down while ICICI Bank, HDFC Bank, and OBC were trading up.

BSE auto index was losing 19.54 points at 4759.28 as Hero Honda, Tata motors and Maruti Udyog were trading lower.

BSE health index was trading flat at 3372.86; Dr Reddy Labs, Sun pharma and Cipla were in green.

BSE capital goods index was adding 47.63 points up at 8416.02 as L&T, Suzlon and BHEL were trading up.

Pre Open Market Commentary

Indian market is likely to open on positive note on back of global market recovery. Yesterday, markets ended strong amid higher volatility. IT, Bank and Oil & gas stocks witnessed heavy buying whereas FMCG and Metal stocks witnessed selling activities. As a result, BSE sensex closed at 12697.09 up by 282.05 points and Nifty was up by 79.15 points to close at 3655.65. The outlook for the market is guarded optimism.

Tuesday, US markets rallied on back of recovery in Asian markets and the dollar gained back some ground against the yen. Dow closed up 157 points at 12,207 and the NASDAQ closed up 44.46 points at 2,385.14.

Indian ADRs closed in green. In technology sector, Infosys up by 4.31%, Satyam gained 5.69% and Wipro rose 5.74%. Banking sector, ICICI Bank up by 4.17% and HDFC bank edged up 6.13%. MTNL gained 4.90% and VSNL up by 5.59%.

The major stock markets in Asia were trading mixed on Wednesday. Nikkei 225 was down 0.46% or 77.9 points at 16,766.6. Straits Times surged 1.64% or 49.72 points at 3,086.24 and South Korea''s Seoul Composite was up 0.11% or 1.56 points at 1,404.49 Oil prices trade above $60 a barrel.

Today, Nifty has support at 3610 and resistance at 3725 and BSE Sensex has support at 12455 and resistance at 12850. However, it is our advice to watch trading session carefully.

Post Session Market Commentary

Market ended strong amid higher volatility. IT, Banks and Oil & Gas witnessed heavy buying interest while Metal and FMCG witnessed selling activities. Overall market breadth was negative as 1080 stocks advanced and 1459 stocks declined on BSE. BSE Sectoral indices closed mixed.

BSE sensex closed at 12697.09 up by 282.05 points and Nifty was up by 79.15 points to close at 3655.65. BSE mid cap was up by 25.05 points to close at 5219.45 while BSE small cap was down by 11.23 points to close at 6259.52.

BSE IT index soared 231.64 points at 4961.94 as Infosys (5.57%), TCS (3.22%), Satyam (5.4%) and Wipro (7.98%) closed higher.

BSE bank index surged 132.24 points at 6353.28 as HDFC Bank, PNB, SBI and ICICI Bank ended higher.

BSE Capital goods index added 125.56 points at 8368.39 as Siemens (0.77%), L&T(3.51%) and Suzlon(2.95%) ended in green.

BSE oil & gas index ended 131.25 points up at 6067.22 as BPCL (5.5%), HPCL (4.69%), and Reliance (3.47%) advanced.

BSE health cares index closed 39.05 points up at 3367.45 as Ranbaxy labs, Dr reddys labs and Sun Pharma closed in green.

BSE auto index closed at 4778.82, up by 22.86 points as Bajaj Auto (1.68%), M&M (3.78%) and Maruti Udyog (2.86%) ended in green.

BSE Metal index tumbled 34.37 points to close at 8002.12 as Hindalco (3.03%), Tata Steel (0.06%) ended down.

BSE FMCG index ended flat at 1699.63; ITC, HLL, and Dabur ended in red.

Mid Day Market Commentary

Market was trading strong on back of intensify buying seen in Banking, Oil & gas and capital goods stocks. Overall market breadth was negative as 990 stocks advanced and 1209 stocks declined on BSE index.

At 12.55 pm, BSE sensex was at 12519.29 up by 104.25points while Nifty was at 3602.3 up by 25.8 points. BSE Mid cap was down by 34.87 points to trade at 5159.52 and BSE small cap was down by 59.07 points to trade at 6211.67.

BSE metal index was slipping 127.73 points at 7908.76 as Tata Steel (2.63%), SAIL (4.41%) and Hindalco (2.80%) were trading down.

BSE IT index was rising 123.38 points at 4853.68 as Infosys (2.99%), Wipro (3.01%) and Satyam (2.64%) were up.

BSE Oil & gas index was adding 115.12 points at 6051.09 as BPCL (5.15%), GAIL (3.62%), HPCL (2.68%), ONGC (1.55%) and Reliance (1.64%) were up.

BSE Banks index was advancing 88.16 points at 6309.20 as ICICI Bank (2.85%), HDFC (0.19%), and SBI (0.98%) were trading up.

BSE auto index was adding 30.30 points at 4786.26 as Hero Honda, Tata motors and Bajaj Auto were down while Maruti Udyog (4.67%) were trading higher.

BSE health index was trading 36.07 points up at 3364.47 as Dr Reddy Labs, Ranbaxy Labs and Cipla were in green.

BSE capital goods index was trading 86.28 points up at 8329.11 as L&T, Suzlon and BHEL were trading up.

Pre Open Market Commentary

Indian market is likely to recover on back of recovery in Asian market. Yesterday, markets ended in deep red on back of weakness in global cues that resulted higher selling pressure across the pivotals index. As a result, BSE sensex closed at 12415.04 down by 471.09 points and Nifty was down by 150.25 points to close at 3576.50. The outlook for the market is cautious.

Monday, US markets closed lower by rising concerns about defaults in the US subprime mortgage market. Dow closed down 63.69 points at 12,050.41 and the NASDAQ closed down 27.32 points at 2,340.68.

The major stock markets in Asia were trading in positive territory on Tuesday. Key benchmark indices in Hong Kong, China, Japan, Australia, South Korea, Singapore and Taiwan were up by between 0.3% to 1.4%. Oil prices slipped to trade at $60 a barrel.

Today, Nifty has support at 3510 and resistance at 3675 and BSE Sensex has support at 12220 and resistance at 12650. However, it is our advice to watch trading session carefully.

Post Session Market Commentary

Market remains in red territory as it witnessed heavy selling pressure across all sectors. On BSE, the biggest pockets of weakness were reported in Consumer Goods, Auto, Consumer Durables and Healthcare indices.

BSE Sensex closed at 12,415.04 down by 471.09 points or 3.66% and Nifty was down by 150.25 points or 4.03% to close at 3576.50.

In BSE Sensex Ranbaxy, Maruti and Dr. Reddy were some of the main losers with a decline of 7.56%, 6.56% and 6.35% respectively.

Against this, Gujarat Ambuja and Grasim were up by 2.05% and 0.18% respectively

. In Nifty, Jet Airways, SAIL and M&M were the main losers with a decline of 9.70%, 8.46% and 7.96% respectively.

Further, the BSE Mid cap and BSE Small cap felt by 4.97% or 271.84 points and 5.64% or 375.06 points to close at 5194.40 and 6270.75 respectively.

BSE Consumer Goods index dropped by 5.51% to close at 8,242.83 as out of the total 26 stocks in the sector 25 were close in a negative territory.

BSE Auto dropped by 5.18% to close at 4755.96 as Maruti (6.56%) TVS Motor (10.64%) and all the remaining 18 scrips in the sector were reported a decline.

BSE Consumer Durables felt by 4.68% to close at 3404.25% as out of the total 6 scrips 5 were close in a negative territory.

BSE Healthcare index was another main looser, as it dropped by 4.64% to close at 3,328.40 and on a overall basis, out of the total 23 scrips 20 were closed in red.

Mid Day Market Commentary

Market was trading in a negative territory as it witnessed heavy selling pressure. All indices were in red as the market is following the global trend. At 12.45 pm, the BSE Sensex was down by 2.73% or 351.88 points and stood at 12534.25, while Nifty stood at 3619.15, with a decline of 2.89%. BSE Mid cap and BSE Small cap reported at 5256.34 and 6362.65, with a decline of 3.84% and 4.26% respectively.

On sector wise, BSE Consumer Durables and Consumer Goods indices were leading the declining trend, with 4.95% and 4.41% decline respectively. All other industrial indices were in red. The lowest downfall was recorded in BSE Health Care and Oil & Gas, which dropped by 2.48% and 2.55% respectively.

On an overall basis, 2146 stocks were declined, whereas 243 stocks were registered an increase. In BSE Sensex, Maruti, NTPC and BHEL were the highest losers as these stocks dropped by 5.15%, 4.77% and 4.60% respectively. On the other hand, Grasim, Gujarat Ambuja Cement and Hero Honda''s stock were up by 1.98%, 0.59% and 0.11% respectively.

Pre Open Market Commentary

Indian market is likely to open lower on account of hefty decline in Asian markets. Japan''s Nikkei plunged 2.18% or 375.61 points at 16, 842.32 and in line with this, Hong Kong''s Hang Seng, Singapore''s Straits Times and South Korea''s Seoul Composite was down by 1.93%, 2.79% and 1.58% respectively. During the last trading date, the BSE Sensex dropped by around 2.08% to close at 12886.13. Following this trend, the BSE Mid cap and Small Cap felt by 1.02% and 1% respectively. Further, all the sectors were closed in red and the highest fall was recorded in Consumer Goods at a rate of 3.05%. NSE The outlook of the market is cautious.

Mid Day Market Commentary

Market was trading in positive territory on back of selective buying activities across the index pivotals especially metal, Auto and Health care stocks. Overall market breadth was positive as 1510 stocks advanced and 713 stocks declined on BSE index.

At 12.45 pm, BSE sensex was at 13,233.49 up by 73.94 points while Nifty was at 3833.15 up by 21.95 points. BSE Mid cap was up by 66.46 points to trade at 5589.05 and BSE small cap was up by 99.02 points to trade at 6811.88.

BSE metal index was advancing 190.12 points at 8716.25 as Tata Steel (2.39%), SAIL (1.84%) and NALCO (1.09%) were trading up.

BSE auto index was surging 68.17 points at 5138.06 as Hero Honda (4.68%), Bajaj Auto (3.03%) and Maruti Udyog (0.78%) were trading higher.

BSE health index was trading 39.14 points up at 3561.69 as Sun Pharma (4.27%), Ranbaxy (1.65%) and Cipla (0.35%) were in green.

BSE Oil & gas index was adding 29.13 points at 6367.95 as ONGC up (2.02%) while IPCL, BPCL, HPCL and Reliance were down.

BSE capital goods index was trading 11.19 points up at 9008.42 as ABB and BHEL were trading up.

BSE IT index was rising 30.10 points at 5101.45 as Infosys, Satyam and HCL info were up.

BSE Banks index was slipping 8.40 points at 6576.10 as HDFC Bank (2.92%), PNB (0.21%) and ICICI Bank (0.86%) were trading down.

Pre Open Market Commentary

Indian market is likely to open on cautious note note. Yesterday, markets bounced back on back of buying interest in IT, Banking and Capital goods stocks. As a result, BSE sensex closed at 13159.55 up by 221.46 points and Nifty was up by 65.90 points to close at 3811.20. The outlook for the market is cautious optimism.

Tuesday, US markets closed lower on back of upbeat manufacturing data allayed fears about a flagging US economy on Wednesday. Dow closed down 34.29 points at 12,234.34 and the NASDAQ closed down 11.94 points at 2,404.21.

The major stock markets in Asia were trading mixed on Friday. Nikkei 225 index tumbled 232.85 points at 17220.66. Hang Seng was up 143.82 points at 19490.42 while Straits Times was down 9.95 points at 3082.63. Oil prices traded above $61 a barrel.Today, Nifty has support at 3755 and resistance at 3875 and BSE Sensex has support at 12850 and resistance at 13375. However, it is our advice to watch trading session carefully.

FIIs were net sellers to the tune of Rs1644.30crores in equity (provisional) on 28th February 2007. Mutual funds were net purchasers to the tune of Rs243.48crores in equity (provisional) on 27thFebruary 2007.

Post session Market commentary

Market bounced back on back of heavy buying in IT, Banking and capital goods stocks. Although overall market breadth was negative as 1146 stocks advanced and 1403 stocks declined on BSE. BSE Sectoral indices closed in green except BSE Auto.

BSE sensex closed at 13159.55 up by 221.46 points and Nifty was up by 65.90 points to close at 3811.20. BSE mid cap was up by 13.85 points to close at 5522.59 and BSE small cap was up by 6.95 points to close at 6712.86.

BSE IT index soared 201.36 points at 5071.35 as Infosys (3.01%), TCS (4.83%), Satyam (4.32%) and Wipro (4.16%) closed higher.

BSE bank index surged 176.49 points at 6584.50 as HDFC Bank, PNB, SBI and ICICI Bank ended higher.

BSE Capital goods index added 162.39 points at 8997.23 as Siemens (3.23%), L&T(3.03%) and Suzlon(2.63%) ended in green.

BSE oil & gas index ended 41.18 points up at 6338.82 as ONGC (4.18%) and Reliance (1.07%) advanced.

BSE Metal index closed at 8513.55, up by 12.58points as NALCO (3.83%), Tata Steel (1.83%) and SAIL (0.18%) ended up.

BSE health cares index closed 23.62 points up at 3522.55 as Ranbaxy labs and Sun Pharma closed in green.

BSE FMCG index ended flat at 1785.95; ITC, HLL, and Dabur ended in red.

BSE auto index closed at 5069.89, down by 39.49 points as Bajaj Auto (4.66%), Hero Honda (1.11%) and M&M (0.54%) ended in red.

Post session Market commentary

Market bounced back on back of heavy buying in IT, Banking and capital goods stocks. Although overall market breadth was negative as 1146 stocks advanced and 1403 stocks declined on BSE. BSE Sectoral indices closed in green except BSE Auto.

BSE sensex closed at 13159.55 up by 221.46 points and Nifty was up by 65.90 points to close at 3811.20. BSE mid cap was up by 13.85 points to close at 5522.59 and BSE small cap was up by 6.95 points to close at 6712.86.

BSE IT index soared 201.36 points at 5071.35 as Infosys (3.01%), TCS (4.83%), Satyam (4.32%) and Wipro (4.16%) closed higher.

BSE bank index surged 176.49 points at 6584.50 as HDFC Bank, PNB, SBI and ICICI Bank ended higher.

BSE Capital goods index added 162.39 points at 8997.23 as Siemens (3.23%), L&T(3.03%) and Suzlon(2.63%) ended in green.

BSE oil & gas index ended 41.18 points up at 6338.82 as ONGC (4.18%) and Reliance (1.07%) advanced.

BSE Metal index closed at 8513.55, up by 12.58points as NALCO (3.83%), Tata Steel (1.83%) and SAIL (0.18%) ended up.

BSE health cares index closed 23.62 points up at 3522.55 as Ranbaxy labs and Sun Pharma closed in green.

BSE FMCG index ended flat at 1785.95; ITC, HLL, and Dabur ended in red.

BSE auto index closed at 5069.89, down by 39.49 points as Bajaj Auto (4.66%), Hero Honda (1.11%) and M&M (0.54%) ended in red.

Mid Day Market Commentary

Market was witnessing volatile trade on back of selective buying interest across the index pivotals. Overall market breadth was negative as 800 stocks advanced and 1448 stocks declined on BSE index.

At 12.40 pm, BSE sensex was at 12951.98 up by 13.88 points while Nifty was at 3742.30 down by 3.00 points. BSE Mid cap was down by 38.32 points to trade at 5470.41 and BSE small cap was down by 49.24 points to trade at 6656.66.

BSE IT index was surging 132.4 points at 5002.40 as Infosys (2.14%), TCS (3.50%), Satyam (4.84%), Wipro (3.13%) were trading in green.

BSE Banks index was rising 54.35 points at 6462.37 as HDFC Bank (4.85%), PNB (0.94%) and ICICI Bank (0.93%) were trading up.

BSE capital goods index was trading 77.63 points down at 8757.20 as L&T(0.53%), ABB (2.01%)and BHEL(2.23%) were trading down.

BSE health index was trading 23.17 points down at 3475.76 as Cipla (1.83%), Dr Reddys Labs (3.09%) and GSK pharma (1.47%) were in red.

BSE Oil & gas index was losing 57.01 points at 6240.63 as ONGC (0.53%), IPCL (0.17%) and Reliance (1.17%) were down.

BSE auto index was trading 21.48 points down at 5087.90 as Hero Honda (2.91%), Bajaj Auto (1.52%) and M&M (1.35%) were trading lower.

Pre Open Market Comentary

Indian market is likely to open on cautious note. Yesterday, markets melt down on back of weak global cues that were translated into heavy selling activities across index pivotals. BSE sensex closed at 12938.09 down by 540.74 points while Nifty was down by 148.60 points to close at 3745.30. The outlook for the market is abundant cautious.

Tuesday, US markets closed in green on Wednesday as Investors found comfort in a partial recovery of the Shanghai stock market and also welcomed soothing words from Federal Reserve Chairman Ben Bernanke. DOW closed gained 52.39 points at 12268.63 and NASDAQ was 8.27 points up to close at 2416.13.

The major stock markets in Asia were trading lower on Thursday. Nikkei 225 index tumbled 203.16 points at 17400.96. Hang Seng was plunged 157.03 points at 19494.48 while Straits Times was up 8.54 points at 3112.69. Oil prices traded above $61 a barrel.

Today, Nifty has support at 3668 and resistance at 3845 and BSE Sensex has support at 12750 and resistance at 13350. However, it is our advice to watch trading session carefully.

FIIs were net sellers to the tune of Rs415.70crores in equity (provisional) on 27th February 2007. Mutual funds were net purchasers to the tune of Rs348.58crores in equity (provisional) on 27thFebruary 2007.