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.
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