Post Session Market Commentary

The Sensex ended the trading session in a negative note whereas Nifty gain some points. The BSE Sensex closed with a decline of 36.21 points at 13872.37 while Nifty closed up by 4.4 points at 4087.90. Of the 2549 stocks traded on BSE 1403 advanced, 1071 declined. The BSE Mid cap and Small cap closed higher by 62.19 points and 52.36 points to settle at 5795.72 and 6924.74.

BSE Metal index inclined by 109.23 points to close at 9835.72 as Tata Steel 2.22%, Nalco 1.01% closed in green whereas SAIL (1.47%) and Hindalco (1.25%) ended in red.

BSE bank index dropped by 203.99 points to close at 6882.89 as ICICI Bank (7.26%) and BOB (2.86%) ended in red whereas HDFCbank 0.95%, PNB 0.87% and SBI 0.59% ended in green.

BSE Auto Index closed higher by 54.16 points at 4998.71 as Hero Honda 2.30%, M&M 2.08%, Maruti 1.02% and Tata Motors 0.26% ended in green.

BSE Health Care Index closed at 3702.69 grew marginally by 6.64 points as GSK 0.41% and Ranbaxy 0.38% closed in green while Cipla (2.88%), Sun Pharma (0.86%), Dr.Reddy (0.31%) ended in red.

BSE oil & gas index closed at 7135.34 grew by 57.38 points as IPCL 1.29%, HPCL 0.50% and IOCL 1.02% ended higher while ONGC (1.87%) and BPCL (1.48%)ended in red.

BSE IT index closed at 5053.29 up by 99.35 points as TCS 2.53%, HCL Tech. 2.52%, Infosys 2.12%, Satyam 1.25% and Wipro 0.92% closed in green.BSE FMCG index closed at 1800.55 declined by 20.66 points as HLL (1.82%) and ITC (0.44%) closed in red while Dabur 0.37% ended in green.

BSE Capital goods index closed higher by 56.36 points at 9880.45 as L&T 0.84% and Siemens 0.57% closed higher while ABB (1.21%) and BHEL (0.05%) closed lower.

Mid Day Market Commentary

The markets are still trading weak on the back of heavy selling pressures seen in the selective scrips. Overall market breadth is positive as 1130 stocks advanced while 1077 stocks declined and 75 stocks remained unchanged on BSE.

At 12.29 pm, BSE sensex was at 13740.77 down by 167.8 points and Nifty was at 4045.55 down by 37.95 points. BSE Mid cap inclined by 15.86 points to trade at 5749.39 and BSE small cap by 15.77 points to trade at 6957.25.

BSE IT index grew 87.41 points to trade at 5041.35 as Infosys (2.34%), HCL (1.93%), TCS (1.5%), Satyam (1.36%) and Wipro (1.01%) are trading higher.

BSE Metal index inclined 47.19 points to 9773.68 as Tata Steel (0.7%) and Hindalco (0.14%), are trading higher whereas NALCO (1.71%) and SAIL (1.51%) are trading lower.

BSE Banks index declined 299.69 points to trade at 6787.19 as ICICI Bank (7.62%), PNB (2.43%), SBI (1.88%) and HDFC Bank (1.46%) are trading lower.

BSE capital goods index declined 67.32 points to trade at 9756.77 as L&T (1.41%), ABB (1.01%) and BHEL (0.85%) are trading in red while Siemens is trading in green by (0.25%).

BSE Oil & gas index was trading 61.11 points down at 7016.85 as ONGC (2.00%), RPL (0.49%), BPCL (0.43%), IPCL (0.39%) and HPCL (0.39%) are trading in negative territory whereas GAIL (0.51%) is trading in positive territory.

BSE Health Care index slipped by 9.41 points to trade at 3686.64 as Dr. Reddy (1.35%), Cipla (1.22%), Sun Pharma (0.83%) and GSK (0.25%) are trading lower.

BSE FMCG index fell 7.45 points to trade at 1813.76 as HLL (2.61%), ITC (0.68%) and Dabur (0.32%) are trading in negative.

BSE auto index fell 6.47 points to trade at 4938.08 as Tata Motors (1.25%) and Baaj Auto (0.17%) are trading in green while Hero Honda, Maruti Udyog and M&M are in green by (1.51%), (0.2%) and (0.1%) respectively.

Pre Open Market Commentary

Indian market is likely to have a flat opening but volatility is expected during the trading session as the Asian market is trading lower and US market ended mixed. On Friday, the Indian markets ended on a negative note as BSE Sensex closed at 13908.58 down by 320.30 points while Nifty down by 94.35 points to close at 4083.50. We expect the market to be choppy during the trading session.

Friday, the US markets closed mixed The Dow Jones Industrial Average (DJI) closed higher by 15.44 points at 13120.94. The S&P 500 (SPX) index declined by 0.18 points to close at 1494.07 while the NASDAQ Composite (RIXF) grew by 2.75 points to close at 2557.21.

Indian ADRs ended in red. In technology sector, Wipro, Infosys and Satyam computers declined by 0.78%, 0.62% and 0.12% respectively whereas Patni computers inclined by 2.14%. In banking sector, ICICI bank and HDFC bank down by 3.62% and 0.91% respectively. VSNL and MTNL plunged by 1.08% and 0.54%. In automobile sector, Tata Motors down by 3.35%.

The major stock markets in Asia are trading in red. Hang Seng declined by 16.16 points to trade at 20,510.34. Straits Times trading lower at 3360.52 plunged by 38.08 points. . Taiwan weighted plunged by 100.89 points to trade at 7848.53.

Today, Nifty has support at 3,950 and resistance at 4,140 and BSE Sensex has support at 13,600 and resistance at 14,200.

Post Session Market Commentary

The market ended the trading session on a negative note. The BSE Sensex ended with a decline of 320.30 points at 13,908.58 while Nifty closed at 4083.50 down by 94.35 points Of the 2,573 stocks traded on BSE 1704 declined while 804 advanced. The BSE Mid cap and Small cap closed lower by 54.50 points and 75.84 points to settle at 5733.53 and 6941.48.

BSE Metal index declined by 231.16 points to close at 9726.49 as Tata Steel (4.07%), Nalco (2.17%), SAIL (1.31%) and Hindalco (0.40%) ended in red.

BSE bank index dropped by 169.81 points to close at 7086.88 as SBI (4.12%), IDBI Bank (3.05%), ICICI Bank (3.15%), PNB (2.20%)and HDFC bank (1.36%) ended in red.

BSE Auto Index closed lower by 34.33 points at 4944.55 as Tata Motors (2.40%), Hero Honda (1.93%), Bajaj (1.40%), M&M (0.32%) and Maruti (0.23%) ended in red.

BSE Health Care Index closed at 3696.05 down by 151.05 points as Cipla (14.27%), Sun Pharma (3.25%), GSK (3.22%), Dr.Reddy (0.73%) and Ranbaxy (0.59%) ended in red.

BSE oil & gas index closed at 7077.96 plunged by 222.11 points as ONGC (3.23%), IPCL (2.82%), HPCL (1.74%) and BPCL (0.40%) closed in red while IOCL 1.94% and RPL 1.34% ended in green.

BSE IT index closed at 4953.94 down by 4.70 points as Infosys (0.54%) and TCS (0.41%) ended in red while Satyam 1.52%, Wipro 0.52% and HCL Tech. 0.12% closed in green.

BSE FMCG index closed at 1821.21 down by 21.09 points as Dabur (3.16%), HLL (2.42%) and ITC (0.43%) ended in red.

BSE Capital goods index closed lower by 68.14 points at 9824.09 as L&T (1.48%) and BHEL (0.89%) ended in red while Siemens 1.55%, and ABB 1.13% ended in green.

Mid Day Market Commentary

The markets are still trading weak on the back of heavy selling pressures seen in Metal, Oil & Gas and the Health Care sector. Overall market breadth is negative as 1480 stocks declined while 779 stocks advanced and 63 stocks remained unchanged on BSE.

At 12.29 pm, BSE sensex was at 14017.37 down by 210.51 points and Nifty was at 4116.20 down by 61.65 points. BSE Mid cap declined by 20.97 points to trade at 5767.06 and BSE small cap by 44.63 points to trade at 6972.69.

BSE auto index rose 33.94 points to trade at 5012.82 as Bajaj Auto (1.44%), Maruti Udyog (0.23%) and Tata Motors (0.12%) are trading in green while Hero Honda and M&M are in red by (1.01%) and (0.34%) respectively.

BSE IT index grew marginally 0.83 points to trade at 4959.47 as HCL (1.12%), Satyam (1.3%) and Wipro (0.33%) are trading in green whereas Infosys and TCS (0.5%) and (0.99%) are trading in red.

BSE Metal index plunged 130.79 points to 9826.86 as Tata Steel (2.24%), Hindalco (0.74%), NALCO (0.64%) and SAIL (0.26%) are trading lower.

BSE Oil & gas index was trading 124.52 points down at 7175.55 as ONGC (2.56%)GAIL (0.62%), IPCL (1.3%), HPCL (1.21%) and RPL (0.79%) are trading in negative territory whereas BPCL (1.3%) is trading in positive territory.

BSE Health Care index slipped by 113.35 points to trade at 3733.75 as Cipla (14.4%), Sun Pharma (1.91%), GSK (0.99%) and Dr. Reddy (0.2%) are trading lower.

BSE Banks index declined 83.53 points to trade at 7173.16 as ICICI Bank (1.92%), SBI (1.17%), HDFC Bank (0.92%) and PNB (0.56%) are trading lower.

BSE capital goods index declined 53.82 points to trade at 9838.41 as BHEL (1.09%) and L&T (0.96%) are trading in red while Siemens and ABB are trading in green by (1.55%) and (0.78%) respectively.

BSE FMCG index fell 12.48 points to trade at 1829.82 as HLL (1.58%), ITC (0.65%) and Dabur (0.31%) are trading in negative.

Pre Open market Commentary

Indian market is likely to have a flat opening but volatility is expected during the trading session. The Asian market is trading lower while the US market ended in green territory with marginal gains. On Thursday, the Indian markets ended on a positive note as BSE Sensex closed at 14,228.88 up by 11.11 points while Nifty grew by 10.55 points to close at 4177.85. We expect the market to be choppy during the trading session.

Thursday, the US markets closed in green The Dow Jones Industrial Average (DJI) closed higher by 15.61 points at 13,105.50. The S&P 500 (SPX) index declined by 1.17 points to close at 1494.25 while the NASDAQ Composite (RIXF) grew by 6.57 points to close at 2554.46.

Indian ADRs ended mixed. In technology sector, Wipro and Patni computers grew by 1.52% and 0.98% respectively whereas Satyam and Infosys declined by 1.38% and 0.92% respectively.

In banking sector, HDFC bank and ICICI Bank down by 0.35% and 0.15% respectively. MTNL inclined by 2.80% whereas VSNL tumbled by 0.51%. In automobile sector, Tata Motors jumped by 1.27%.The major stock markets in Asia are trading in red. The Nikkei 225 is trading at 17,360 down by 69.17 points, Hang Seng declined by 140.10 points to trade at 20,527.19. Straits Times trading lower at 3378.33 plunged by 28.56 points.

Today, Nifty has support at 4,050 and resistance at 4,250 and BSE Sensex has support at 13,920 and resistance at 14,450.

Post Session Market Commentary

The market ended the trading session on a positive note. The BSE Sensex grew by 11.11 points to 14,228.88 while Nifty closed up by 10.55 points at 4177.85. Of the 2,610 stocks traded on BSE 1049 advanced, 1482 declined. The BSE Mid cap closed down by 17.30 points to settle at 5788.03 while BSE small cap declined by 57.69 points to close at 7,017.32.BSE Metal index declined by 62.06 points to close at 9957.65 as Tata Steel (1.81%), Nalco (0.90%), Hindalco (0.70%) and SAIL (0.04%) ended in red.BSE bank index grew 19.34 points at 7256.69 as SBI 0.61%, PNB 0.51%, BOI 0.30% and ICICI Bank 0.21% closed in green whereas IDBI (1.58%) and HDFC bank (0.09%) ended in red.BSE Auto Index closed higher by 37.08 points at 4978.88 as Bajaj 2.23%, Tata Motors 1.07%, M&M 0.35% and Maruti (0.98%) ended in green whereas Hero Honda (1.05%) ended in red.BSE Health Care Index closed at 3847.10 up by 15.58 points as Dr.Reddy 1.80%, Sun Pharma 0.71% and GSK 0.64% ended in green while Cipla (0.36%) ended in red.BSE oil & gas index closed at 7300.07 down by 3.20 points as ONGC (0.90%) closed in red while RPL 1.61%, BPCL 0.96%, IOCL 0.88%, IPCL 0.71% and HPCL 1.24% ended in green.BSE IT index closed at 4958.64 down by 3.08 points as Satyam (1.39%) and HCL Tech. (1.32%) closed in red while Wipro 0.73%, TCS 0.30% and Infosys 0.38% managed to register gains.BSE FMCG index closed at 1842.30 up by 4.59 points as HLL 1.52% and ITC 0.19% ended in green while Dabur (0.51%) closed in red.

Mid Day Market Commentary

The market after a good start came under heavy selling pressures shown in the selective scrips and was trading with marginal gains. Most of the selling was seen in the mid cap and small cap stocks. Overall market breadth is negative as 1088 stocks advanced while 1210 stocks declined and 74 stocks remained unchanged on BSE.

At 12.34 pm, BSE sensex was at 14273.40 up by 55.63 points and Nifty was at 4181.95 up by 14.65 points. BSE Mid cap declined by 6.51 points to trade at 5798.82 and BSE small cap by 23.58 points to trade at 7051.43.

BSE Banks index inclined 90.00 points to trade at 7327.35 as ICICI Bank (2.04%), PNB (0.75%), SBI (0.73%) and HDFC Bank (0.72%) are trading higher.

BSE capital goods index inclined 70.34 points to trade at 9873.51 as L&T (0.96%), BHEL (0.93%) and Siemens (0.09%) are trading in green while ABB (0.32%) is trading in red.

BSE auto index rose 28.89 points to trade at 4970.69 as Tata Motors (2.3%), Maruti (0.38%) and Bajaj (0.29%) are trading in green while Hero Honda and M&M are trading lower by (2.91%) and (0.38%) respectively.

BSE FMCG index grew 11.69 points to trade at 1849.40 as HLL grew by 1.07% and ITC by 0.22% while Dabur declined by (0.91%).

BSE Health Care index inclined by 7.12 points to trade at 3838.64 as Dr. Reddy (2.42%), GSK (0.86%) and Sun Pharma (0.52%) are trading in green whereas Ranbaxy (0.23%) is trading in red.

BSE IT index fell 68.75 points to trade at 4958.54 as HCL (1.71%) and Satyam (1.37%) are trading lower while Infosys and Wipro are trading higher by (0.3%) and (0.18%) respectively.

BSE Metal index decreased 30.62 points to 10013.25 as Tata Steel (0.74%), NALCO (1.06%), Hindalco (1.17%) and SAIL (0.11%) are trading lower.

BSE Oil & gas index was trading 6.06 points down at 7197.58 as GAIL (1.36%) and IPCL (0.2%) RPL (1.67%), HPCL (0.97%), BPCL (0.12%) are trading in green whereas ONGC (0.16%) is trading in red.

Pre Open Market Commentary

Indian market is likely to have a positive opening, but little bit volatility is expected due to expiry of derivative contracts today. The US market ended in green territory and Asian market is trading higher. On Wednesday, the Indian markets ended on a positive note as BSE Sensex closed at 14,217.77 up by 81.05 points while Nifty grew by 25.5 points to close at 4167.30. We expect the market to be optimistic during the trading session.

Wednesday, the US markets closed in green The Dow Jones Industrial Average (DJI) closed higher by 135.95 points at 13,089.89. The S&P 500 (SPX) index inclined by 15.01 points to close at 1495.42 while the NASDAQ Composite (RIXF) grew by 23.35 points to close at 2547.89.

Indian ADRs ended mixed. In technology sector, Patni computers decline by 3.74% where as Wipro, Satyam and Infosys inclined by 1.17%, 0.99%, and 0.98% respectively. In banking sector, ICICI Bank and HDFC bank gain grounds by 2.58% and 2.90% respectively. MTNL declined by 0.97% whereas VSNL grew by 2.24%. In automobile sector, Tata Motors jumped by 0.21%.

The major stock markets in Asia are trading in green. The Nikkei 225 is trading at 17,365.64 gained by 129.48 points, Hang Seng grew by 151.65 points to trade at 20,688.43. Straits Times trading higher at 3407.21 up by 44.53 points.

Today, Nifty has support at 4,070 and resistance at 4,270 and BSE Sensex has support at 13,900 and resistance at 14,500.

Post Session Market Commentary

The market ended the trading session with a positive note. The action in several counters towards the end saw the index surge to an intra day high of 14,238.29. The BSE Sensex ended the trading session with a growth of 81.05 points at 14,217.77 while Nifty closed up by 25.5 points at 4167.30 .Of the 2,599 stocks traded on BSE 1464 advanced, 1058 declined and 77 stocks ended unchanged. The BSE Mid cap up by 59.99 points to settle at 5805.33 and BSE small cap grew by 71.38 points to close at 7075.01.

BSE Metal index declined by 24.16 points to close at 10,019.71 as Tata Steel (1.43%) closed in red while Nalco 1.93%, Hindalco 0.61%, and SAIL 0.04% ended in green.

BSE bank index grew 75.95 points at 7237.35 as IDBI 1.96%, HDFC bank 1.76%, ICICI Bank 1.24%, BOI 0.91%, SBI 0.55% and PNB 0.39% closed in green.

BSE Auto Index increased by 59.77 points to close at 4,882.03 as Hero Honda 3.98%, Tata Motors 2.14% and M&M 2.55% closed in green whereas Maruti (0.67%) and Bajaj (0.32%) ended in green.

BSE Health Care Index closed at 3831.52 up by 64.62 points as Cipla 5.41%, GSK 3.27% ended in green whereas Dr. Reddy (0.39%) and Sun Pharma (0.05%) ended in red.

BSE oil & gas index closed at 7303.27 grew by 99.63 points as ONGC 2.55%, RPL 1.89%, BPCL 1.62%, IOCL 0.89%, IPCL 0.83% and HPCL 0.30% ended in positive.

BSE IT index down by 65.57 points to close at 4961.72 as Wipro (0.30%), TCS (0.41%), Satyam (1.79%), Infosys (1.96%) and HCL Tech. (0.84%) closed in red.

BSE FMCG index closed at 1837.71 up by 45.18 points as ITC 3.39% and HLL 1.96%ended in green while Dabur (0.05%) closed in red.

BSE Capital goods index grew by 8.55 points to close at 9,803.17 as ABB 1.86% ended in green whereas L&T (0.87%), Siemens (0.27%) and BHEL (0.02%) closed in red.

Mid Day Market Commentary

The market is trading weak at lower level on the back of heavy selling pressures seen in IT, Metal and Oil & Gas sector. The frontline IT stocks are the top losers as the rupee increased to a nine year high and slipped below Rs.41 level. Overall market breadth is positive as 1284 stocks advanced while 963 stocks declined and 86 stocks remained unchanged on BSE.

At 12.32 pm, BSE sensex was at 14101.65 down by 35.07 points and Nifty was at 4131.35 down by 10.45 points. BSE Mid cap inclined by 60.68 points to trade at 5806.02 and BSE small cap by 63.86 points to trade at 7067.49.

BSE auto index rose 42.11 points to trade at 4924.14 as M&M (2.44%), Tata Motors (2.14%) and Hero Honda (0.16%) are trading in green while Bajaj auto (0.44%) and Maruti Udyog (0.22%) are trading in red.

BSE Banks index inclined 26.31 points to trade at 7187.71; as HDFC Bank (1.6%), SBI (0.27%), and PNB (0.02%) are trading higher while ICICI bank (0.73%) is trading lower.

BSE capital goods index inclined 23.28 points to trade at 9817.90 as ABB (1.34%) and BHEL (0.32%) are trading in green while L&T and Siemens are trading in red by (0.53%) and (0.52%) respectively.

BSE Health Care index inclined by 26.13 points to trade at 3793.03 as Ranbaxy (4%), Cipla (0.94%) and Sun Pharma (0.12%) are trading in green.

BSE FMCG index grew 5.82 points to trade at 1798.35 as ITC grew by 0.54% while HLL and Dabur declined by (0.86%) and (0.35%) respectively.

BSE Metal index decreased 30.62 points to 10013.25 as Tata Steel (1.6%), NALCO (0.71%), SAIL (0.63%) and Hindalco (0.4%) are trading lower.

BSE Oil & gas index was trading 6.06 points down at 7197.58 as GAIL (1.18%) and IPCL (0.88%) are trading in negative territory whereas RPL (2.59%), HPCL (1.21%), BPCL (0.45%) and ONGC (0.16%) are trading in positive territory.

BSE IT index fell 68.75 points to trade at 4958.54 as HCL (2.62%), Infosys (1.89%), Satyam (1.38%) and Wipro (0.38%) are trading in red.

Pre Open market Commentary

Indian market is likely to have a positive opening with positive bias, but volatility will be seen due to expiry of derivative contracts tomorrow. The US market ended in green territory and Asian market is trading lower. On Tuesday, the Indian markets ended in a positive note with marginal gains as BSE Sensex closed at 14,136.72 up by 208.39 points while Nifty grew by 56.7 points to close at 4141.80. We expect the market to remain in positive during the trading session.

Tuesday, the US markets closed in green The Dow Jones Industrial Average (DJI) closed in green by 34.54 points up at 12,953.94. The S&P 500 (SPX) index declined by 0.52 points to close at 1480.41 while the NASDAQ Composite (RIXF) grew marginally by 0.87 points to close at 2524.54.

Indian ADRs ended mixed. In technology sector, Patni computers grew by 1.30% where as Satyam, Wipro and Infosys declined by 0.91%, 1.69% and 1.01% respectively. In banking sector, ICICI Bank and HDFC bank gain grounds by 3.99% and 3.47% respectively. MTNL and VSNL declined by 6.61% and 0.01% respectively. In automobile sector, Tata Motors jumped by 4.50%.

The major stock markets in Asia are trading in red. The Nikkei 225 is trading at 17,284.59 tumbled by 167.18 points, Hang Seng fell by 13.70 points to trade at 20,586.50. Straits Times trading lower at 3,367.42 lost 7.10 points.

Today, Nifty has support at 4,020 and resistance at 4,250 and BSE Sensex has support at 13,900 and resistance at 14,400.

Post Session Market Commentary

The market ended the trading session with a strong note. The market edged higher today after the declaration of the monetary policy by the RBI. The action in several counters towards the end saw the index surge to an intra day high of 14,197.32. The BSE Sensex ended the trading session with a growth of 208.39 points at 14,136.72 while Nifty closed up by 56.7 points at 4,141.80 .Of the 2,628 stocks traded on BSE 1274 advanced, 1279 declined and 75 stocks were unchanged. The BSE Mid cap up by 42.90 points to settle at 5,745.34 and BSE small cap grew by 32.71 points to close at 7,003.63.

BSE Metal index surged by 147.03 points to close at 10,043.87 as Tata Steel 3.86%, Nalco 1.25% and Hindalco 0.41% closed in green whereas SAIL (1%) ended in red.

BSE bank index grew 279.56 points at 7161.40 as Canara bank 9.52%, BOI 7.40%, SBI 6.88%, PNB 6.83%, IDBI Bank 4.02%, ICICI Bank 3.65%, and HDFC bank 2.65% closed in green.

BSE Health Care Index closed at 3,766.90 up by 27.01 points as Cipla 2.24% and Sun Pharma 1.36% ended in green whereas GSK (1.18%) and Dr. Reddy (1.11%) ended in red.

BSE oil & gas index closed at 7203.64 grew by 100.75 points as IPCL 2.35%, RPL 2.13%, ONGC 1.66%, HPCL 1.01%, IOCL 0.48% and BPCL 0.15% ended in positive zone.

BSE IT index down by 35.57 points to close at 5,027.29 as Wipro (2.23%), TCS (1.63%), Satyam (1.19%) and Infosys (0.45%) closed in red while HCL Tech 1.85% closed in green.

BSE FMCG index closed at 1,792.53 up by 10.15 points as HLL 2.45% and Dabur 1.91% while ITC (0.93%) closed in red.

BSE Capital goods index grew by 23.80 points to close at 9,794.62 as Siemens 5.51% ABB 1.46% and L&T 0.10% closed in green while BHEL (1.75%) closed in red.

BSE Auto Index increased by 79.12 points at 4882.03 as Maruti 3.52%, Tata Motors 3.50% M&M 1.75%, Bajaj 1.66%, and Hero Honda 1.01% ended in green

Mid Day Market Commentary

The market is trading higher on the back of news that the RBI in its monetary policy announced today has kept all policy rates like CRR, repo, reverse repo rate and bank rates unchanged. This has led to heavy buying in the banking stocks. Overall market breadth is positive as 1247 stocks advanced while 1016 stocks declined and 81 stocks remained unchanged on BSE.

At 12.35 pm, BSE sensex was at 14160.82 up by 232.49 points and Nifty was at 4151.05 up by 65.95 points. BSE Mid cap also inclined by 40.64 points to trade at 5743.08 and BSE small cap by 38.06 points to trade at 7008.98.

BSE Banks index inclined 253.28 points to trade at 7135.12; as PNB (6.4%), SBI (5.68%), HDFC bank (3.57%), ICICI bank (3.53%) are trading higher.

BSE Metal index increased 103.05 points to 9999.89 as Tata Steel (1.8%), Hindalco (0.27%), and NALCO (0.25%) are trading higher while SAIL was trading lower by 0.04%.

BSE auto index rose 92.36 points to trade at 4895.27 as Tata motors grew by 3.88% followed by Maruti Udyog (2.76%), Bajaj auto (2.26%) and M&M (2.08%).

BSE Oil & gas index was trading 51.62 points up at 7154.51 as IPCL (1.38%), RPL (1.35%), ONGC (0.93%) are trading in green while GAIL (1.13%), BPCL (0.51%) and HPCL (0.25%) are trading in negative territory.

BSE capital goods index inclined 28.48 points to trade at 9799.30 as Siemens (2.93%), L&T (0.91%) and ABB (0.79%) are trading in green while BHEL (219%) is trading in red.

BSE IT index grew 10.75 points to trade at 5073.61 as HCL (1.26%), TCS (0.86%), Satyam (0.65%) and Wipro (0.15%) are trading in green while Infosys (0.12%) is trading in red.

BSE Health Care index inclined by 15.80 points to trade at 3755.69 as Cipla (2.11%), Ranbaxy (0.47%), Sun Pharma (0.4%) and Dr.Reddy (0.13%) are trading in green.

BSE FMCG index grew 5.96 points to trade at 1788.34 as HLL, Dabur and ITC grew by 0.59%, 0.57% and 0.13% respectively.

Pre Open market Commentary

Indian market is likely to have a flat opening with negative bias, as RBI is going to declare the monetary policy today as well as due to closing of US market in red territory and Asian market is trading lower. On Monday, the Indian markets ended in a positive note with marginal gains as BSE Sensex closed at 13,928.33 up by 30.92 points while Nifty up by 1.55 points to close at 4,085.10. We expect the market to remain choppy during the trading session.

Monday, the US markets closed in red. The Dow Jones Industrial Average (DJI) closed in red by 42.58 points down at 12,919.40. The S&P 500 (SPX) index declined by 3.42 points to close at 1480.93 while the NASDAQ Composite (RIXF) fell by 2.72 points to close at 2523.67.

Indian ADRs ended mixed. In technology sector, Patni computers surged by 3.81% where as Satyam, Wipro and Infosys declined by 1.32%, 1.19% and 1.18% respectively. In banking sector, ICICI Bank and HDFC bank gain grounds by 1.54% and 0.30% respectively. VSNL and MTNL grew by 1.79% and 0.26% respectively. In automobile sector, Tata Motors jumped by 2.62%.

The major stock markets in Asia are trading in red. The Nikkei 225 is trading at 17,315.19 tumbled by 140.18 points, Hang Seng fell by 142.69 points to trade at 20,413.88. Straits Times trading lower at 3,369.19 lost 19.29 points.

Today, Nifty has support at 3,920 and resistance at 4,180 and BSE Sensex has support at 13,600 and resistance at 14,180.

Post Session Market Commentary

Though the market opened firm it was highly volatile through out the trading session and closed flat with marginal gains. The BSE Sensex ended the trading session with a growth of 30.92 points at 13,928.33 while Nifty closed up by 1.55 points to close at 4,085.10 .Of the 2,630 stocks traded on BSE 1164 advanced, 1383 declined and 83 stocks ended unchanged.

The BSE Mid cap closed up by 3.36 points to settle at 5,702.44 while BSE Small cap declined 3.45 points to close at 6,970.92.

BSE Metal index surged by 194.56 points to close at 9,896.84 as SAIL 0.97%, Tata Steel 4.35%, Nalco 0.02% and Hindalco 0.92% closed in green.

BSE bank index fell 32.53 points to 6881.84 as IDBI Bank (2.52%), PNB (1.47%), SBI (1.36%) and HDFC Bank (0.73%) closed in red whereas ICICI Bank 0.27% closed in green.

BSE Health Care Index closed at 3,739.89 down by 53.10 points as Sun Pharma (11.20%) and Cipla (0.43%) ended in red whereas GSK 1.59% and Dr. Reddy 0.28%, ended in green.

BSE oil & gas index closed at 7,102.89 up by 50.81 points as ONGC 1.27% and IPCL 1.38% closed in positive whereas IOCL (0.73%), HPCL (0.71%), Essar oil (0.27%) and BPCL (0.11%) ended in negative zone.

BSE IT index closed higher by 7.77 points to close at 5062.86 as Satyam 0.93% and Infosys 0.60% closed in green while HCL Tech (1.83%), TCS (0.78%) and Wipro (0.67%) closed in red.

BSE FMCG index closed at 1,782.38 down by 29.33 points as ITC declined by (2.62%), followed by HLL (1.61%) and Dabur (0.05%).

BSE Capital goods index declined by 27.08 points to close at 9,770.82 as Siemens (0.55%) ended in red whereas ABB 1.48%, L&T 0.40%, and BHEL 0.07% closed in green.

BSE Auto Index decreased by 28.43 points at 4802.91 as M&M (1.71%), Bajaj (1.36%), Maruti (1.15%) and Tata Motors (0.72%) ended in red while Hero Honda 0.75% ended in green.

Mid Day Market Comentary

There is a lot of volatility striking the movement of the market and is trading within a range bound. The market is trading higher on the back of heavy buying across the board mostly led by metal stocks. Overall market breadth is positive as 1702 stocks advanced while 895 stocks declined and 73 stocks remained unchanged on BSE.

At 12.33 pm BSE sensex was at 13956.59 up by 59.18 points and Nifty was at 4097.00 up by 13.45 points. BSE Mid cap also inclined by 31.10 points to trade at 5730.18 and BSE small cap by 33.64 points to trade at 7008.01.

BSE Metal index increased 153.25 points to 9855.53 as Tata Steel (2.94%) SAIL (1.19%) Hindalco (0.75%) and NALCO (0.35%) are trading higher.

BSE capital goods index inclined 42.48 points to trade at 9840.38 as BHEL (2.25%) Siemens (1.54%)L&T (1.43%) and ABB (0.5%) are trading higher.

BSE Oil & gas index was trading 14.75 points up at 7066.83 as ONGC inclined by 1.28% BPCL (0.77%) RPL (0.32%), HPCL (0.17%) and IPCL (0.16%) trading in green.

BSE IT index grew 27.59 points to trade at 5082.68 as Satyam (1.08%) Infosys (0.69%) and Wipro (0.64%) are trading in green while HCL (1.57%) and TCS (0.04%) are trading in red.

BSE auto index rose 24.18 points to trade at 4855.52 as Hero Honda grew by 1.04% followed by Bajaj auto (0.43%) Maruti Udyog (0.37%) and Tata motors (0.3%) are trading in green.

BSE Banks index declined 16.44 points to trade at 6897.93; HDFC Bank (0.6%) SBI (0.58%) and ICICI Bank (0.12%) are trading in negative territory whereas PNB (0.7%) is trading in positive.

BSE Health Care index declined by 45.36 points to trade at 3747.63 as Sun Pharma down by (9.93%) followed by Cipla (0.57%) whereas GSK and Dr. Reddy advanced 0.44% and 0.13% respectively.

BSE FMCG index fell 17.78 points to trade at 1793.93 as ITC declined by 2.74% while HLL and Dabur grew by 0.41% and 0.26% respectively.

Pre Open market Commentary

Indian market is likely to have a positive opening with positive bias as Indian IT bourses results are up to the expectations as well as US market ended in green territory and Asian market is trading higher. On Friday the Indian markets ended in a positive inspiring note as BSE Sensex closed at 13897.41 up by 277.71 points while Nifty gained grounds by 85.9 points to close at 4083.55. We expect the market to remain in positive due to strong positive global cues.

Friday the US markets closed in green. The Dow Jones Industrial Average (DJI) closed in green by 153.35 points up at 12961.98. The S&P 500 (SPX) index grew by 13.62 points to close at 1484.35 while the NASDAQ Composite (RIXF) jumped by 21.04 points to close at 2,526.39.

Indian ADRs ended in positive. In technology sector Satyam surged by 8.71% followed by Patni computers 4.52%, Infosys 0.89%. In banking sector ICICI Bank and HDFC bank inclined by 1.39% and 1.02% respectively. MTNL and VSNL grew by 1.32% and 0.73% respectively. In automobile sector Tata Motors jumped by 1.10%.

The major stock markets in Asia are trading in green. The Nikkei 225 is trading at 17617.51 advanced by 164.89 points Hang Seng up by 132.94 points to trade at 20699.53. Straits Times trading higher at 3400.26 gained 39.59 points. Taiex grew by 105.91 points to trade at 8048.58. Today Nifty has support at 3960 and resistance at 4190 and BSE Sensex has support at 13600 and resistance at 14200.

Post Session Market Commentary

The market after beginning the trading session on a strong note, ended up in green zone backed by sustained buying across all the sectors. The BSE Sensex ended the trading session with a growth of 277.71 points at 13,897.41 while Nifty ended up by 85.9 points to close at 4,083.55 .Of the 2,665 stocks traded on BSE 1,508 advanced, 1,072 declined and 85 stocks ended unchanged.

The BSE Mid cap gained 47 points to settle at 5,699.08 while BSE Small cap inclined 69.08 points to close at 6,974.37.

BSE bank index grew 65.52 points to close at 6914.37 as SBI 2.03%, ICICI Bank 1.08%, IDBI Bank 1.97% and HDFC Bank 1.23% closed higher whereas PNB closed lower by 0.24%.

BSE Health Care Index closed at 3792.99 up by 19.57 points as Sun Pharma 1.84%, Dr. Reddy 0.70%, Ranbaxy 0.63%, Cipla 0.32% and GSK 0.24% ended in green.

BSE oil & gas index closed at 7,052.08 up by 188.11 points as ONGC 2.91%, IPCL 2.85%, BPCL 1.35%, IOCL 0.95% and HPCL 0.62% ended in green while Essar oil (0.27%) ended in red.

BSE IT index grew by 80.26 points to close at 5,055.09 as Satyam 6.33%, HCL Tech 3.95%, TCS 1.03% and Infosys 0.76% closed in green while Wipro (1.40%)closed in red.

BSE Metal index closed higher by 328.86 points at 9,702.28 as SAIL 6.68%, Tata Steel 5.77%, Nalco 3.01% and Hindalco 0.79% closed in green.

BSE FMCG index closed at 1,811.71 up by 0.88 points as ITC gained by 1.01% while Dabur (2.61%) and HLL (0.80%) ended in red.

BSE Capital goods index grew by 143.61 points to close at 9,797.90 as ABB 2.23%, L&T 2.08%, Siemens 1.73% and BHEL 1.36% closed in green.

BSE Auto Index increased by 21.06 points at 4831.34 as M&M 1.39%, Tata Motors 1.35%, Maruti 0.19% and Bajaj 0.04% ended in green while Hero Honda 0.74% ended in red.

Mid Day Market Commentary

Market is trading higher on the back of heavy buying across the board mostly led by IT stocks. Healthy quarterly earnings of the IT companies and the well-performed Asian markets are some convinced reasons driving the market today. Overall market breadth was strong as 1642 stocks advanced while 690 stocks declined and 75 stocks remained unchanged on BSE.

At 12.29 pm, BSE sensex was at 13888.79 up by 269.09 points and Nifty was at 4073.10 up by 75.45 points. BSE Mid cap also inclined by 74.54 points to trade at 5726.62 and BSE small cap by 98.34 points to trade at 7003.63.

BSE Metal index increased 203.89 points to 9577.31 as Nalco (3.41%), SAIL (2.66%), Tata steel (2.56%) and Hindalco (1.17%) are trading higher.

BSE capital goods index inclined 149.49 points to trade at 9803.78 as BHEL (2.25%), Siemens (1.54%), L&T (1.43%) and ABB (0.5%) are trading higher.

BSE Oil & gas index was trading 126.53 points up at 6990.50 as BPCL inclined by 2.27% along with ONGC 2.25% followed IPCL, HPCL and RPL advanced by 1.77%, 1.63% and 0.79% respectively.

BSE IT index grew 118.67 points to trade at 5093.50 as Satyam (6.12%), HCL (3.35%), Infosys (1.82%), TCS (1.71%) and Wipro (1.42%) are trading in green.

BSE Banks index inclined 91.27 points to trade at 6940.12; HDFC Bank (2.21%), PNB (1.9%), SBI (1.48%) and ICICI Bank (0.81%) are all trading in positive territory.

BSE auto index rose 64.89 points to trade at 4875.17 as M&M is trading higher by 2.15% followed Tata motors, Maruti Udyog and Bajaj auto by 1.96%, 1.44% and 1.01% respectively.

BSE Health Care index inclined by 20.35 points to trade at 3793.77 as Sun Pharma (1.27%), Ranbaxy (0.6%) and Dr. Reddy (0.34%) were trading higher.

BSE FMCG index grew 16.35 points to trade at 1827.18 as ITC up by 1.35% and HLL inclined by 0.7% where as Dabur trading lower by 2.45%.

Pre Open Market Commentary

Indian market is likely to have a positive opening and will edge higher, as the results declaration of Satyam, Wipro and Gujarat ambuja cements are on the way today as well as US market ended mixed and Asian market is trading higher. On Thursday, the Indian markets ended in a negative note as BSE Sensex closed at 13,619.70 down by 52.49 points while Nifty lost ground by 13.95 points to close at 3,997.65. We expect the market to recover from yesterday''s fall due to positive global cues.

Thursday, the US markets closed Mixed. The Dow Jones Industrial Average (DJI) closed in green by 4.79 points up at 12,808.63. The S&P 500 (SPX) index declined marginally by 1.77 points to close at 1,470.73 while the NASDAQ Composite (RIXF) dropped by 5.15 points to close at 2,505.35.

Indian ADRs ended in negative. In technology sector, Patni computers lost ground by 4.55% followed by Infosys down by 1.81%, Wipro declined by 1.20% and Satyam fell by 1.09. In banking sector, HDFC bank and ICICI Bank declined by 1.05% and 0.45% respectively. VSNL and MTNL dropped by 1.63% and 0.26% respectively. In automobile sector, Tata Motors down by 0.74%.

The major stock markets in Asia are trading in green. The Nikkei 225 is trading at 17,459.89 advanced by 87.92 points, Hang Seng up by 225.18 points to trade at 20,524.89. Straits Times trading higher at 3,347.70 gained 56.42 points. Taiex grew by 49.99 points to trade at 7,938.62.

Today, Nifty has support at 3,880 and resistance at 4050 and BSE Sensex has support at 13,450 and resistance at 13,900.

Post Session Market Commentary

The market after beginning the trading session on a weak note due to negative global cues, ended flat in red zone. The BSE Sensex ended the trading session with loss of 52.49 points at 13,619.70 while Nifty lost 13.95 points to close at 3,997.65 .Of the stocks traded on BSE 1,151 advanced, 1,358 declined and 84 stocks ended unchanged. The BSE Mid cap lost 1.37 points to settle at 5,652.08 while BSE Small cap declined 3.21 points to close at 6,905.29.

BSE bank index grew 38.13 points at 6848.85 as SBI 1.72%, PNB 1.40%, ICICI Bank 0.86%, IDBI Bank 0.72% and HDFC Bank 0.26% ended in green.

BSE Health Care Index closed at 3,773.42 up by 10.82 points as Sun Pharma 0.67%, Cipla 0.47% and Ranbaxy 0.29% ended in green while GSK (1.21%) and Dr. Reddy (0.52%) ended in red.

BSE oil & gas index closed at 6,863.97 lost by 2.74 points as Essar oil (2.13%), IOCL (1.63%), ONGC (1.12%) and BPCL (0.53%) ended in negative territory while IPCL gained 0.73% and HPCL 0.72% closed in green.

BSE IT index down by 75.32 points to close at 4,974.83 as Satyam (2.98%), Infosys (1.84%), Wipro (1.25%), HCL Tech (0.39%) and TCS (0.31%) closed in red.

BSE Metal index closed lower by 41.60 points at 9373.42 as Tata Steel (1.20%) and Nalco (1.03%) closed in negative whereas SAIL 0.24% and Hindalco 0.21% closed in green.

BSE FMCG index closed at 1,810.83 up by 9.00 points as ITC gained by 1.24% and Dabur advanced by 0.81% to close in green whereas HLL fell (0.55%) to end in red.

BSE Capital goods index lost ground by 23.88 points to close at 9,654.29 as BHEL advanced by (2%) and Siemens (1.05%) closed in red while L&T up by 0.04% and ABB gained 2.66% to close in green.

BSE Auto Index decreased by 33.25 points at 4810.28 as Bajaj (2.23%), M&M (1.58%) and Tata Motors (1.18%) ended in red while Maruti 0.91% and Hero Honda 1.10% ended in green.

Mid Day Market Commentary

Market started recovering from the early decline but it is still in deep red on the back of heavy selling pressure. Overall market breadth was weak as 1329 stocks declined while 919 stocks declined. 75 stocks remained unchanged on BSE.

At 12.34 pm, BSE sensex was at 13550.46 down by 121.73 points and Nifty was at 3972.25 down by 39.24 points. BSE Mid cap also declined by 22.13 points to trade at 5631.32 and BSE small cap by 18.22 points to trade at 6890.28.

BSE Banks index inclined 25.14 points to trade at 6835.86; SBI (1.51%), PNB (0.91%), HDFC Bank (0.33%) and ICICI Bank (0.24%) are all trading in positive territory.

BSE capital goods index declined 88.84 points to trade at 9589.33 as L&T (1.74%), BHEL (1.55%), Siemens (1.23%) and ABB (0.34%) are trading lower.

BSE IT index fell 57.60 points to trade at 4992.55 as Satyam (1.55%), Infosys (1.52%), Wipro (1.08%), HCL (0.65%) and TCS (0.55%) are trading in red.

BSE Metal index decreased 66.80 points to 9348.22 as Tata steel down by 1.41% to trade at Rs.504.3 along with SAIL 0.96%, Nalco 0.65% and Hindalco 0.24% trading in red.

BSE auto index declined 33.69 points to trade at 4809.84 as Bajaj (1.95%), Tata Motors (1.81%), M&M (1.05%) and Hero Honda (0.21%) are trading in red.

BSE Oil & gas index was trading 19.25 points down at 6847.46 as BPCL fell by 0.69% and in the same line ONGC by 0.68% followed by RPL and IPCL by 0.2% and 0.07% respectively.

BSE FMCG index slipped 5.13 points to trade at 1796.70 as HLL (1.44%) trading in red where as Dabur and ITC are trading in green by 0.35% and 0.32% respectively.

BSE Health Care index declined by 5.46 points to trade at 3757.14 as Dr.Reddy down by 0.95%, GSK 0.75% and Cipla 0.6% trading in red where as Ranbaxy lab. trading higher by 0.68%.

Pre Open Market Commentary

Indian market is likely to have a flat opening and will edge lower, as US market ended mixed and Asian market is trading lower. On Wednesday, the Indian markets ended in a positive note as BSE Sensex closed at 13,672.19 up by 65.15 points while Nifty advanced by 26.65 points to close at 4,011.60. We expect the market to be cautious due to negative global cues.

Wednesday, the US markets closed Mixed. The Dow Jones Industrial Average (DJI) closed up by 30.80 points at 12,803.84. The S&P 500 (SPX) index grew marginally by 1.02 points to close at 1,472.50 while the NASDAQ Composite (RIXF) dropped by 6.45 points to close at 2,510.50.

Indian ADRs ended in negative. In technology sector, Infosys and Satyam lost ground by 1.93% and 1.93% respectively followed by Wipro 1.42% while Patni computers advanced by 0.42%. In banking sector, HDFC bank and ICICI Bank declined by 0.65% and 0.21% respectively. VSNL dropped by 0.81% while MTNL gained 1.20%. In automobile sector, Tata Motors down by 0.46%.

The major stock markets in Asia are trading in red. The Nikkei 225 is trading at 17,412.41 down by 254.92 points, Hang Seng slipped by 187.48 points to trade at 20,589.61. Straits Times trading lower at 3,339.06 tumbled by 61.35 points. Taiex plunged 97.87 points to trade at 7,905.44.

Today, Nifty has support at 3,870 and resistance at 4050 and BSE Sensex has support at 13,400 and resistance at 13,850.

Post Session Market Commentary

After a firm opening, the market gained momentum to end the trading session in positive territory. The action in several indices towards the close saw the BSE sensex surge to an intra day high of 13,762.92.The BSE sensex ended the session with gains of 65.15 points at 13,672.19 while the Nifty added 26.65 points to close at 4011.60. The breadth of the market was strong. Of the 2661 stocks traded on BSE, 1341 advanced, 1232 stocks declined and 88 stocks ended unchanged.

BSE Mid cap and BSE Small cap indices closed higher by 32.20 points and 45.97 points to close at 5,653.45 and 6,908.50.

BSE oil & gas index closed at 6,866.77 up by 40.41 points as ONGC 1.64%, IPCL 0.77% and IOCL 0.34% ended in green whereas BPCL (3.86%), HPCL (2.14%), Essar oil (0.62%) closed in negative.

BSE IT index inched by 27.52 points to close at 5,050.15 as HCL Tech 7.22%, Wipro 2.09% and Satyam 1.25% closed higher while TCS (0.21%) and Infosys (0.18%) closed in red.

BSE FMCG index closed at 1,801.83 up by 1.34 points as Dabur advanced by 5.16% and ITC gained by 0.61% whereas HLL fell (1.21%) ended in red.

BSE Capital goods index lost ground by 10.65 points to close at 9,678.17 as Siemens (4.65%), L&T (0.59%) and ABB (0.39%) closed in red zone while BHEL advanced by 0.48% to close in green.

BSE bank index grew 72.22 points at 6,810.72 as HDFC Bank 0.64%, PNB 1.52%, SBI 2.65%, IDBI Bank 0.73% and ICICI Bank 0.82% ended in green.

BSE Metal index closed lower by 22.29 points at 9,415.02 as Tata Steel (3.27%) closed in negative whereas Hindalco 1.33%, SAIL 1.29%, and Nalco 0.70% closed in green.

Mid Day Market Commentary

Market is trading higher on the back of heavy buying pressures on the selective scrips. Overall market breadth was strong as 1453 stocks advanced while 860 stocks declined and 70 stocks remained unchanged on BSE.

At 12.22 pm, BSE sensex was at 13716.73 up by 109.69 points and Nifty was at 4023.80 up by 38.85 points. BSE Mid cap also inclined by 60.19 points to trade at 5681.44 and BSE small cap by 65.64 points to trade at 6928.17.

BSE Banks index inclined 103.85 points to trade at 6842.35; PNB (2.92%), ICICI Bank (1.4%), SBI (1.21%) and HDFC Bank (0.92%) are all trading in positive territory.

BSE capital goods index inclined 78.67 points to trade at 9767.49 as BHEL (1.68%), L&T (0.8%) and ABB (0.71%) are trading higher while Siemens (0.63%) is lower.

BSE Health Care index inclined by 64.59 points to trade at 3769.51 as Ranbaxy (2.18%), Dr. Reddy (0.36%) and Sun pharma (0.35%) were trading higher.

BSE Oil & gas index was trading 48.64 points up at 6874.94 as Reliance petroleum surged by 1.32% along with ONGC 0.94% and IPCL 0.92% whereas BPCL trading down by 1.7% followed by HPCL 1.24%.

BSE IT index grew 13.31 points to trade at 5035.94 as HCL (5.78%), Wipro (1.4%), Satyam (1.11%); TCS (0.79%) are trading in green whereas Infosys (0.67%) is trading in red.

BSE auto index rose 23.92 points to trade at 4889.19 as Maruti (0.59%), M&M (0.49%), Tata Motors (0.38%) are trading in green whereas Bajaj auto (0.22%) is trading in red.

BSE FMCG index grew 15.55 points to trade at 1816.04 as Dabur up by 1.97% followed by ITC and HLL inclined by 1.03% and 0.73% respectively.

BSE Metal index increased 5.68 points to 9442.99 as Hindalco (2.02%), SAIL (1.78%) and NALCO (1.62%) are trading higher while Tata Steel (4.13%) is trading lower.

Pre Open Market Commentary

Indian market is likely to witness a flat opening and expected to relax a bit, as US market ended in green and Asian market is also trading higher. On Tuesday, the Indian markets ended in a negative note as BSE Sensex closed at 13,607.04 down by 88.54 points while Nifty declined by 28.4 points to close at 3,984.95. We expect the market to be cautious.

Tuesday, the US markets closed in Green. The Dow Jones Industrial Average (DJI) closed up by 52.58 points at 12,773.04. The S&P 500 (SPX) index grew by 3.01 points to close at 1,471.48 while the NASDAQ Composite (RIXF) dropped by 1.38 points to close at 2,516.95.

Indian ADRs ended in negative. In technology sector, Patni computers slipped by 3.39% followed by Satyam 2.09%, Wipro 0.47% and Infosys 0.20% ended in red. In banking sector, ICICI Bank inclined by 0.54% whereas HDFC bank declined by 0.38%. VSNL and MTNL dropped by 1.59% and 1.45% respectively.

The major stock markets in Asia are trading in green. The Nikkei 225 is trading at 17,648.66 up by 121.21 points, Hang Seng surged by 79.46 points to trade at 20,868.07. Straits Times trading higher at 3,416.53 gaining 1.21 points while Taiex advanced by 34.51 points to trade at 7,993.80.

Today, Nifty has support at 3,920 and resistance at 4030 and BSE Sensex has support at 13,430 and resistance at 13,750.

Post Session Market Commentary

The markets have lost grip and slipped to end the trading session in a negative territory on the back of profit booking by the investors. Finally, BSE Sensex closed at 13,607.04 with a decline of 88.54 points. The NSE Nifty closed at 3984.95 down by 28.4 points. Overall, the market breadth was week as 1463 stocks ended up in red zone whereas 1085 stocks were closed in green in BSE.

BSE Mid cap and BSE Small cap indices followed the trend of benchmark index, as BSE mid cap declined by 44.70 points to close at 5621.25 and the BSE small cap down by 21.60 points to end at 6862.53.

BSE FMCG index closed at 1800.49 down by 19.99 points as ITC (1.61%), HLL (1.33%) ended in red whereas Dabur 0.16% ended in green.

BSE Capital goods index declined by 57 points at 9688.82 as Siemens (1.73%), ABB (0.21%), BHEL (0.19%) closed in negative whereas L&T 0.56% closed in positive.

BSE oil & gas index closed at 6826.30 up by 56.86 points as HPCL 4.54%, Essar oil 4.81%, BPCL 3.45%, IOCL 3.12% and IPCL 0.95% ended in green while ONGC (0.98%) closed in red.

BSE Metal index closed lower by 123.27 points at 9,437.31 as SAIL (3.17%), Hindalco (0.97%),Tata Steel (0.89%) and Nalco (0.48%) closed in red.

BSE IT index fell by 127.65 points to closed at 5022.63 as Satyam declined by (4.89%) TCS (2.39%), HCL Tech (2.22%), Infosys (2.19%) and Wipro (2.11%) closed in red.

BSE bank index grew by 15.69 points at 6738.50 as OBC 1.88%, HDFC Bank 0.23%, ICICI Bank 0.17% and IDBI Bank 0.06% closed in green whereas PNB (0.10%), and SBI (0.50%) closed in red.

BSE Auto Index decreased by 23.54 points at 4865.27 as Tata Motors (2.64%), Maruti (2.02%) and M&M (1.70%) closed in negative while Bajaj Auto grew by 2.71%.

BSE Health Care Index closed at 3704.92 down by 20.65 points as Cipla (2.34%) and Ranbaxy (0.49%) closed in red zone whereas GSK 1.51% and Dr. Reddy 0.46% closed in green.

Mid Day Market Commentary

Market was trading in negative territory. Overall market breadth was weak as 1349 stocks declined while 960 stocks advanced and 63 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 13642.61 down by 52.97 points and Nifty was at 3997.95 down by 15.4 points. BSE Mid cap also declined by 10.88 points to trade at 5655.07 and BSE small cap by 8.80 points to trade at 6875.33.

BSE Oil & gas index was trading 43.81points up at 6813.25 as BPCL surged by 2.87% followed by HPCL (2.36%), Reliance petroleum (2.08%) and IPCL (0.74%) trading in green.

BSE capital goods index grew 8.97 points to trade at 9754.79 as ABB (0.77%), BHEL (0.66%), L&T (0.42%) and Siemens (0.33%) were trading higher.

BSE IT index declined 133.47 points to trade at 5016.81 as Satyam (4.05%), TCS (2.85%), Infosys (2.46%), HCL (2.2%) and Wipro (2.07%) are trading in red.

BSE Banks index fell 23.00 points to trade at 6699.81; SBI (0.99%), PNB (0.7%) and ICICI Bank (0.53%) were trading in negative territory while HDFC Bank (0.42%) trading in positive territory.

BSE Health Care index declined by 20.22 points to trade at 3705.35 as Cipla (1.08%), Sun pharma (0.42%) and Dr.Reddy''s lab (0.22%) trading in red where as GSK trading higher by 1.47%.

BSE auto index down 6.40 points to trade at 4882.41 as M&M (1.7%), Maruti (0.8%) and Tata Motors (0.03%) were trading lower whereas Bajaj Auto (1.45%) and Hero Honda (0.03%) trading higher.

BSE Metal index decreased 4.66 points to 9455.82 as SAIL (1.64%) and Tata Steel (0.05%) were trading in red while NALCO (1.28%) and Hindalco (0.17%) were trading in green.

BSE FMCG index slipped 4.83 points to trade at 1815.65 as ITC declined by 0.5% whereas in the same line HLL up by 0.56% and Dabur gained by 2.03%.

Pre Open Market Commentary

Indian market is likely to have a flat opening with positive bias, as US market ended in green and Asian market is trading mixed. On Monday, the Indian markets ended in a positive inspiring note as BSE Sensex closed at 13,695.58 up by 311.50 points while Nifty inclined by 96 points to close at 4,013.35. We expect the market to be optimistic due to positive global cues.

Monday, the US markets closed in green. The Dow Jones Industrial Average (DJI) closed up by 108.33 points at 12,720.46. The S&P 500 (SPX) index grew by 15.62 points to close at 1,468.47 while the NASDAQ Composite (RIXF) advanced by 26.39 points to close at 2,518.33.

Indian ADRs ended in positive. In technology sector, Patni computers surged by 7.40% followed by Wipro 2.47%, Infosys 1.40% and Satyam 1.18% ended in green. In banking sector, ICICI and HDFC Bank inclined by 4.46% and 3.08% respectively. In automobile sector, Tata Motors up by 3.08%.

The major stock market in Asia is trading in mixed. The Nikkei 225 is trading at 17,669.78 up by 41.48 points, Hang Seng surged by 51.68 points to trade at 20,809.21. Straits Times trading higher at 3,425.91 gained by 11.76 points. Taiex plunged by 30.05 points to trade at 8,013.49.

Today, Nifty has support at 3,900 and resistance at 4,100 and BSE Sensex has support at 13,500 and resistance at 13,950.

Post Session Market Commentary

After opening on a positive note, the market keeps on trading in green during the whole trading session. Finally, BSE Sensex closed at 13,695.58 with an incline of 311.50 points. The NSE Nifty closed at 4,013.35 up by 96 points. Overall, the market breadth was strong as 1804 stocks ended up in green whereas 776 stocks were closed in red zone in BSE. BSE Mid cap and BSE Small cap indices followed the trend of benchmark index, as BSE mid cap inclined by 89.45 points at 5665.95 and the BSE small cap gained by 127.67 points at 6884.13.BSE FMCG index closed at 1820.48 up by 46.52 points as ITC 3.56%, HLL 3.16% and Dabur 0.48% ended in green.BSE Capital goods index inclined by 274.85 points at 9745.82 as L&T 3%, BHEL 2.70% ended in green where as ABB (0.40%) and Siemens (0.87%), ended in red zone.BSE oil & gas index closed at 6769.44 up by 203.99 points as IPCL 3.53%, ONGC 3.17%, Essar oil 2.56% and BPCL 2.17%, HPCL 1.87% ended in positive.BSE Metal index closed higher by 256.93 points at 9560.58 as Tata Steel 4.33%, Hindalco 3.32%, and SAIL 1.71% ended in green whereas Nalco (0.81%) ended in red zone.BSE IT index surged up by 78.56 points to closed at 5150.28 as Wipro 3.34%, Infosys 1.95%, TCS 1.38%, HCL Tech 0.23% ended in green where as Satyam declined by (0.46%) to close in red.BSE bank index grew 82.97 points at 6722.81:IDBI Bank 3.32%, PNB 2.53%, ICICI Bank 1.77% and SBI 1.45% ended in green while HDFC Bank (0.80%) ended in red.BSE Auto Index increased by 70.65 points at 4888.81 as Tata Motors 3.40%, M&M 2.40%, Bajaj Auto 1.50%, Maruti 0.63% and ended in green.BSE Health Care Index closed at 3725.57 up by 38.96 points as Cipla 1.40%, Ranbaxy 1.09%, GSK 0.64% and Dr. Reddy 0.14% ended in green.

Mid Day Market Commentary

Market was trading firm but within the range. Overall market breadth was strong as 1737 stocks advanced while 612 stocks declined and 69 stocks remained unchanged on BSE.

At 12.41 pm, BSE sensex was at 13631.80 up by 247.72 points and Nifty was at 3995.85 up by 78.5 points. BSE Mid cap also inclined by 89.35 points to trade at 5665.85 and BSE small cap by 127.09 points to trade at 6883.55.

BSE IT index grew 77.14 points to trade at 5148.86 as Wipro (2.79%), TCS (1.66%), Infosys (1.55%), HCL (0.88%) and Satyam (0.69%) are trading in green.

BSE Metal index increased 152.17 points to 9455.82 as Hindalco (2.00%), Tata Steel (1.98%) and SAIL (1.03%) were trading in green while NALCO declined by 0.33% and was trading in red.

BSE capital goods index inclined 213.84 points to trade at 9684.81 as BHEL (2.06%), Siemens (1.57%), L&T (1.54%) and ABB (0.71%) were trading higher.

BSE Banks index inclined 88.23 points to trade at 6728.07; PNB (1.66%), ICICI Bank (1.49%), SBI (1.05%) and HDFC Bank (0.59%) were all trading in positive territory.

BSE auto index rose 60.08 points to trade at 4878.24 as M&M (1.81%), Tata Motors (1.61%), Maruti (1.17%), Bajaj Auto (0.89%) and Hero Honda (0.83%) were trading higher.

BSE Oil & gas index was trading 132.08 points up at 6697.53 as IPCL up (2.52%) followed by ONGC (1.86%), GAIL (0.75%), HPCL (0.77%) and RPL (0.41%) while BPCL was down by 0.89%.

BSE Health Care index inclined by 30.36 points to trade at 3716.97 as Ranbaxy (2.18%), Dr. Reddy (0.36%) and Sun pharma (0.35%) were trading higher.

BSE FMCG index grew 28.17 points to trade at 1802.13 as ITC grew by 2.57% followed by HLL and Dabur by 0.77% and 0.54% respectively.

Pre Open Market Commentary

Indian market is likely to have a positive opening, as On Friday, the Indian markets ended in a positive note, as US market ended in green and Asian market is trading higher. BSE Sensex closed at 13,384.08 up by 270.27 points while Nifty inclined by 87.5 points to close at 3917.35. We expect the market to remain positive during the day.

Friday, the US markets closed in green. The Dow Jones Industrial Average (DJI) closed up by 59.17 points at 12612.13. The S&P 500 (SPX) index grew by 5.05 points to close at 1452.85 while the NASDAQ Composite (RIXF) advanced by 11.62 points to close at 2491.94.

Indian ADRs ended in positive. In technology sector, Satyam, Infosys, and Wipro were up by 4.81%, 2.67% and 2.47% respectively. In banking sector, ICICI and HDFC Bank inclined by 2.78% and 1.49% respectively. VSNL and MTNL grew by 1.55% and 1.54% respectively. In automobile sector, Tata Motors was up by 2.26%.

The major stock market in Asia is trading in positive territory. The Nikkei 225 is trading at 17,653.97 up by 290.02 points, Hang Seng surged by 166.48 points to trade at 20,507.45. Straits Times trading up by 23.02 points higher at 3,396.61. Taiex increased by 7.29 points to trade at 8,052.41.

Today, Nifty has support at 3,800 and resistance at 4,050 and BSE Sensex has support at 13,100 and resistance at 13,550.

Post Session Market Commentary

After opening on a positive note, the market keeps on trading in green during the whole trading session. Finally, BSE Sensex closed at 13,384.08 with an incline of 270.27 points. The NSE Nifty closed at 3917.35 up by 87.5 points. Overall, the market breadth was strong as 1559 stocks ended up in green whereas 989 stocks were closed in red zone in BSE.

BSE Mid cap and BSE Small cap indices followed the trend of benchmark index, as BSE mid cap inclined by 64.10 points at 5576.50 and the BSE small cap gained by 73.93 points at 6756.46.

BSE FMCG index closed at 1773.96 down by 14.41points as ITC (1.86%), Dabur (0.59%) and HLL (0.05%) ended in red.

BSE Capital goods index inclined by 199.79 points at 9470.97 as L&T 2.90%, ABB 2.67%, Siemens 1.80%, BHEL 0.43%, ended in green.

BSE oil & gas index closed at 6565.45 up by 92.46 points as ONGC 2.29%, IPCL 1.71%, Essar oil 1.64% and BPCL 0.73% ended in positive whereas HPCL (0.97%) closed in negative.

BSE Metal index closed higher by 181.64 points at 9303.65 as Tata Steel 3.08% ended in green whereas Nalco (0.17%), SAIL 4.14%, Hindalco (0.04%) ended in red zone.

BSE IT index surged up by 192.13 points to closed at 5071.72 as Satyam advanced by 7.95%, HCL Tech 7.30%, TCS 5.13%, Wipro 5.11% and Infosys 2.15% ended in green.

BSE bank index surged 169.52 points at 6639.84: PNB 3.30%, SBI 3.24%, OBC 3.13%, ICICI bank 2.78% and HDFC bank 2.23% closed higher.

BSE Auto Index grew137.61 points at 4818.16 as Bajaj Auto 4.03%, M&M 3.60%, Tata Motors 2.26%and Maruti Udyog 1.66% ended in green.

BSE Health Care Index closed at 3686.61 up by 27.43 points as Dr. Reddy and GSK ended in green by 1.21% and 1.16% respectively.

Mid Day Market Commentary

Market was trading higher and moving in northward direction on the back of huge buying interest in the selective stocks. Overall market breadth was strong as 1589 stocks advanced while 701 stocks declined on BSE.

At 12.32 pm, BSE Sensex was at 13384.90 up by 271.09 points and Nifty was at 3909.45 up by 79.6 points. BSE Mid cap inclined by 62.18 points to trade at 5574.58 and BSE small cap by 86.13 points to trade at 6768.66.

BSE IT index grew 190.90 points to trade at 5070.49 as Satyam (5.69%), HCL (5.34%), Wipro (4.34%), TCS (3.75%) and Infosys (3.04%) trading in green.

BSE Metal index increased 172.77 points to 9294.78 as SAIL 2.24%, Tata Steel 2.21% and Hindalco 0.18% were trading in green.

BSE capital goods index inclined 171.00 points to trade at 9442.18 as L&T (2.67%), Siemens (1.4%), ABB (1.34%) and BHEL (1.14%) trading higher.

BSE Banks index inclined 163.65 points to trade at 6633.97; PNB (4.28%), SBI (4.26%), ICICI Bank (3.36%) and HDFC Bank (2.78%) trading in green.

BSE auto index rose 102.22 points to trade at 4782.77 as Bajaj Auto (3.2%), M&M (2.99%), Maruti (2.09%) and Hero Honda (1.19%) trading higher.

BSE Oil & gas index was trading 75.03 points up at 6548.02 as ONGC up (2.02%) followed by IPCL (1.88%) and RPL (0.34%) while HPCL down (0.08%).

BSE Health Care index inclined by 51.78 points to trade at 3710.96 as Dr. Reddy (1.63%), GSK (1.16%), Sun pharma (1.04%), Ranbaxy (0.96%) and Cipla (0.69%) were trading higher.

BSE FMCG index grew 19.99 points to trade at 1808.36 as ITC grew by 1.5% followed by HLL and Dabur with an increase of 0.58% and 0.27% respectively.

Pre Open Market Commentary

Indian market is likely to have a flat opening with positive bias, as Index heavy weight Infosys is coming up with its numbers today. On Thursday, the Indian markets ended with a negative note, as BSE Sensex closed at 13,113.81 down by 69.43 points whereas Nifty declined by 32.8 points to close at 3,829.85. We expect the market to get direction after Infy''s result.

Thursday, the US markets closed in green. The Dow Jones Industrial Average (DJI) closed up by 68.34 points at 12552.96. The S&P 500 (SPX) index grew by 8.93 points to close at 1447.80 while the NASDAQ Composite (RIXF) advanced by 21.01 points to close at 2480.32.

Indian ADRs ended in positive. In technology sector, Infosys, Satyam and Wipro up by 3%, 2.94% and 1.51% respectively. In banking sector, ICICI and HDFC Bank inclined by 1.80% and 0.19% respectively. VSNL and MTNL grew by 2.31% and 2% respectively. In automobile sector, Tata Motors up by 0.48%.

The major stock market in Asia is trading in positive territory. The Nikkei 225 is trading at 17,565.17 up by 24.75 points, Hang Seng surged by 49.38 points to trade at 20,429.59. Straits Times trading higher at 3,376.18 gained by 3.49 points. Taiex fell by 31.97 points to trade at 8,043.23. Today, Nifty has support at 3,750 and resistance at 3,950 and BSE Sensex has support at 13,000 and resistance at 13,350.

Post Session Market Commentary

After opening on a negative note, the market keeps on trading in red during the whole trading session. Finally, BSE Sensex closed at 13,113.81 with a decline of 69.43 points or 0.53%. The NSE Nifty closed at 3829.85 down by 32.8 points 0.85%. Overall, the market breadth was weak as 1466 stocks ended up in red zone whereas 1090 stocks were closed in green in BSE.

BSE Mid cap and BSE Small cap indices at last followed the trend of benchmark index, as BSE mid cap declined by 4.66 points at 5512.40 and the BSE small cap slipped by 28.98 points at 6682.53.

BSE FMCG index closed at 1788.37 down by 23.21points as ITC declined by 2.74% where as Dabur grew by 1.02% and HLL increased by 0.93%.

BSE Capital goods index declined by 71.20 points at 9271.18 as BHEL (0.98%), ABB (0.56%) and L&T (0.89%) ended in red where as Siemens 0.97% closed in green.

BSE oil & gas index closed at 6472.99 down by 67.72 points as ONGC (3.13%), BPCL (1.80%), and HPCL (1.92%) closed lower in red.

BSE Metal index closed lower by 208.86 points at 9122.01 as Tata Steel (3.11%) followed by Nalco (2.29%), GAIL (2.68%), SAIL (1.67%), Hindalco (1.51%) ended in red zone.

BSE IT index closed up at 4879.59 as Satyam advanced by 1.02%, Infosys 2.57%, TCS 0.88% ended in green where as Wipro (1.25%) closed in red.

BSE bank index closed in negative by 82.60 points at 6470.32: ICICI Bank (1.17%), HDFC bank (2.26%), PNB (0.85%), SBI (1.36%) and OBC (2.03%) closed in red.

BSE Auto Index decreased by 19.79 points at 4680.55 as Hero Honda (1.89%), Maruti (2.86%) and Tata Motors (1.63%) ended in red whereas Bajaj (3.03%) ended in green.

Mid Day Market Commentary

Market was trading in negative territory due to selling pressures on the selective stocks. Overall market breadth was weak as 1162 stocks declined and 1157 stocks advanced on BSE.

At 12.36 pm, BSE Sensex was at 13,128.12 down by 55.12 points and Nifty was at 3841.60 down by 21 points whereas BSE Mid cap and Small cap was up by 16.69 points and 19.40 points respectively.

BSE capital goods index declined 43.15 points to trade at 9299.23 as L&T (1.02%), BHEL (0.83%) and ABB (0.74%) trading lower while Seimens (0.31%) trading higher.

BSE IT index grew 46.59 points to trade at 4854.67 as Infosys (2.29%), HCL (1.2%), TCS (0.72%) and Satyam (0.42%) trading in green while Wipro (0.86%) trading in red.

BSE auto index fell 3.01 points to trade at 4697.33 as Maruti (1.94%), Hero Honda (1.42%), Tata Motors (1.27%) and M&M (1.1%) trading lower while Bajaj Auto (3.25%) trading higher.

BSE Banks index slipped 70.01 points to trade at 6482.91; HDFC Bank (2.22%), OBC (1.81%), SBI (1.08%), PNB (0.95%) and ICICI Bank 90.72%) trading in red.

BSE Oil & gas index was trading 43.13 points down at 6497.58 as ONGC (2.16%), HPCL (0.71%), BPCL (0.49%) and IPCL (0.18%) were trading down.

BSE FMCG index declined 11.87 points to trade at 1799.71 as ITC (0.87%) and HLL (0.1%) trading in negative while Dabur was trading in positive.

BSE Metal index decreased 30.94 points to 9299.93 as NALCO (1.47%), Hindalco (0.74%), Tata Steel (0.68%) and SAIL (0.57%) were trading in red.

BSE Health Care index inclined by 3.96 points to trade at 3681.34 as Dr. Reddy increased by 0.35% whereas Cipla decreased by 1.12% followed by Ranbaxy and Glaxo 0.84% and 0.21% respectively.

Pre Open Market Commentary

Indian market is likely to have a flat opening with negative bias, as the US market ended in red and Asian market is trading lower. On Wednesday, the Indian markets ended mixed, as BSE Sensex closed at 13,183.24 down by 6.30 points whereas Nifty gained by 14.5 points to close at 3862.65. We expect the market to remain choppy during the day.

Wednesday, the US markets closed in red. The Dow Jones Industrial Average (DJI) closed lower by 89.23 points at 12,484.62. The S&P 500 (SPX) index declined 9.52 points to close at 1438.87 while the NASDAQ Composite (RIXF) down by 18.30 points to close at 2459.31.

Indian ADRs ended in negative. In technology sector, Wipro, Satyam and Infosys down by 2.39%, 2.06% and 0.21% respectively. In banking sector, HDFC Bank declined by 0.49% as well as ICICI Bank fall by 0.31%. VSNL decreased by 0.91%. In automobile sector, Tata Motors down by 0.47%.The major stock market in Asia is trading in red. The Nikkei 225 is trading at 17,477.25 down by 192.82 points, Hang Seng tumbled by 156.10 points to trade at 20,293.33. Straits Times trading lower at 3,404.13 slipped by 16.49 points. Taiex fall by 6.96 points to trade at 8,077.49.

Today, Nifty has support at 3,750 and resistance at 3,950 and BSE Sensex has support at 12,850 and resistance at 13,300.

Post Session Market Commentary

The BSE Sensex ended the day on red note after trading in green. The small cap and the mid cap index outperformed the broader markets. The turnover volumes were not very convincing but the advances outpaced the decliners.

Finally, BSE Sensex closed at 13,183.24 with a decline of 6.30 points. The NSE Nifty advanced by 14.5 points to close at 3862.65. Overall, the market breadth was strong as 1529 stocks were closed in green whereas 1038 were ended up in red zone while 64 stocks remained unchanged in BSE.

BSE Mid cap and BSE Small cap indices grew by 55.55 points and 54.77 points at 5,517.06 and 6,711.51 respectively.

BSE Metal index closed 330.86 points up at 9,330.87 as NALCO, Hindalco and Tata Steel inclined by grew by 6.43%, 4.40% and 3.29% respectively.

BSE Capital goods index inclined by 102.41 points at 9,342.38 as BHEL grew by 1.22% while Siemens 0.26%, ABB 0.27% and L&T 0.12% ended lower.

BSE FMCG index closed at 1,811.58 down by 1.14 points as HLL fell by 1.68% while ITC and Dabur grew by 0.41% and 0.16% respectively.

BSE oil & gas index closed at 6,540.71 up by 25.74 points as BPCL (4.82%), HPCL (1.53%), ONGC (0.79%) closed higher while RIL declined by 0.21%.

BSE IT index closed 20.25 points down at 4,808.08 as Satyam (0.84%), HCLTech. (0.67%), TCS (0.54%), Infosys (0.29%), Wipro (0.25%), and ended in red.

BSE bank index fell 46.45 points at 6,552.14: HDFC Bank (1.19%), PNB (1.06%), SBI (0.86%), IDBI Bank (0.51%) ended in red while ICICI Bank (0.13%) ended in green.

BSE Auto Index increased by 6.07 points at 4,700.34 as Tata Motors (0.11%), Bajaj (0.46%)and Hero Honda (0.06%) ended in green whereas M&M (0.48%) and Maruti (0.50%) ended in red.

BSE Health Care Index closed at 3,677.38 down by 24.08 points as Ranbaxy 3.49% and Dr.Reddy''s lab 2.59% ended in red where as Cipla closed in green by 1.07%.

Mid Day Market Commentary

Market was trading in positive territory due to buying activities on the selective stocks. Overall market breadth was strong as 1519 stocks advanced and 839 stocks declined on BSE.

At 12.35 pm, BSE sensex was at 13191.70 up by 2.16 points and Nifty was at 3853.45 up by 5.3 points. BSE Mid cap was also up by 53.06 points to trade at 5514.57 and BSE small cap by 63.69 points to trade at 6720.43.

BSE capital goods index inclined 138.62 points to trade at 9378.59 as L&T (4.35%) and BHEL (3.39%) trading higher.

BSE IT index grew 10.64 points to trade at 4838.97 as Infosys (0.31%) and Satyam (0.17%) tiding in green while HCL (1.28%) and Wipro (0.49%) trading in red.

BSE auto index rose 5.24 points to trade at 4699.51 as Bajaj Auto (0.54%), Hero Honda (0.14%) trading higher while Maruti Udyog (0.78%) and M&M (0.71%) were trading lower.

BSE Banks index inclined 32.11 points to trade at 6630.70; ICICI Bank (0.44%) and OBC (0.37%) trading in green whereas HDFC Bank (0.59%) and PNB (0.28%) were trading in red.

BSE Oil & gas index was trading 1.79 points up at 6516.76 as ONGC up (0.22%) while BPCL (2.78%), HPCL (1.62%) and RIL (0.35%) were trading down.

BSE FMCG index grew 0.44 points to trade at 1813.16 as ITC up 0.78% while HLL and Dabur were trading in negative.

BSE Metal index increased 220.16 points to 9220.17 as Tata steel grew by 3.42%, SAIL 2.72% and Nalco 1.94% and Hindalco 0.44% were trading in green.

BSE Health Care index inclined by 1.43 points to trade at 3702.89 as Cipla increased by 0.58% where as Dr.Reddy''s'', Ranbaxy and Sun pharma were trading in red.

Pre Open Market Commentary

Indian market is likely to have a flat opening with positive bias, as the US market closed flat and Asian market is trading higher. On Tuesday, the Indian markets closed flat, as BSE Sensex closed at 13,189.54 up by 11.80 points and Nifty gained 4.65 points to close at 3,848.15. We expect the market to remain rangebound for the day.

Tuesday, the US markets closed flat. The Dow Jones Industrial Average (DJI) surged 4.71 points to close at 12,573.85. The S&P 500 (SPX) index grew 3.78 points to close at 1,448.39, and the NASDAQ Composite (RIXF) up by 8.43 points to close at 2,477.61.

The Indian ADRs closed mixed. In technology sector, Infosys and Satyam dropped by 0.91% and 1.48%, while Wipro advanced 0.31%. In Banking sector ICICI Bank and HDFC Bank grew by 0.72% and 0.55% respectively.

The major stock market in Asia is trading higher. The Nikkei 225 is trading at 17,679.02 up by 14.33 points, while Hang Seng advanced 86.01 points to trade at 20,433.88. Straits Times trading flat 3,423.87, up by 1.25 points.

Today, Nifty has support at 3,800 and resistance at 3,900 and BSE Sensex has support at 13,000 and resistance at 13,325.

Post Session Market Commentary

The BSE Sensex elegantly improved from the day''s low on the back of the buying seen in FMCG sector and a sturdy buying emerged at the lower levels. The markets ended the day on green note after trading in red. The small cap and the mid cap index outperformed the broader markets. The turnover volumes were not very persuasive but the advances outpaced the decliners.

Finally, BSE Sensex closed at 13,189.54 with an incline of 11.80 points. The NSE Nifty advanced by 4.65 points to close at 3848.15. Overall, the market breadth was strong as 1576 stocks closed in green whereas 1004 ended up in red zone while 69 stocks remained unchanged in BSE.

BSE Mid cap and BSE Small cap indices grew by 41.86 points at 5,461.51 and by 71.37 points to 6,656.74 respectively.

BSE FMCG index closed at 1,812.72 up by 38.68 points as ITC grew by 2.90% followed by HLL 2.55%.

BSE Capital goods index inclined by 25.98 points at 9,239.97 as BHEL grew by 1.59%, ABB 0.74%, Siemens 1.17% ended in green.

BSE oil & gas index closed at 6,514.97 up by 19.06 points as BPCL grew by 4.82%, HPCL 1.53%, ONGC 0.79% closed higher.

BSE Metal index closed 95.00 points up at 9,000.01 as Tata Steel and Hindalco grew by 0.46% and 0.29% respectively while NALCO slipped by 0.17%.

BSE IT index closed 102.22 points down at 4,828.33 as Satyam (3.53%), Infosys (2.25%), Wipro (2.41%), TCS (1.62%) and HCLTech. (1.58%) ended in red.

BSE bank index grew 17.60 points at 6,598.59 as IDBI Bank 2.53%, HDFC Bank 2.05% and ICICI BANK 0.40% ended in green.

BSE Auto Index increased by 0.22% at 4694.27 as Tata Motors up 2.44% ended in green, whereas Maruti (0.52%) and M&M (0.63%) closed in red.

BSE Health Care Index closed at 3,701.46 up by 0.42% as Sun Pharma grew 4.65% followed by GSK 2.5%, Ranbaxy Lab 1.82% closed higher.

Mid Day Market Commentary

Market is trading in a negative territory on the back of profit booking by investors. Overall market breadth was positive as 1302 stocks advanced and 917 stocks declined on BSE.

At 12.35 pm, BSE sensex was at 13,128.50 down by 49.24 points and Nifty was at 3835.05 down by 8.45 points. BSE Mid cap was up by 23.61 points to trade at 5443.26 and BSE small cap was up by 64.96 points to trade at 6650.33.

BSE capital goods index declined by 31.11 points to trade at 9182.88 as L&T 1.04% and BHEL 0.15% trading in red.

BSE IT index dropped by 82.78 points to trade at 4847.77 as Satyam 3.47% followed by HCL technologies 1.97%, Infosys 1.91%, Wipro 1.44% and TCS 1% trading in red.

BSE auto index was up by 1.19 points to trade at 4685.10 as Tata Motors advanced 2.04% followed by Maruti Udyog 0.42% and Hero Honda Motors 0.17% were trading higher.

BSE Banks index down by 77.49 points to trade at 6503.50; ICICI bank, SBI, OBC, PNB and HDFC Bank were trading lower by 1.6%, 1.55%, 1.36%, 1.01% and 0.4% respectively.

BSE Oil & gas index was trading 9.37 points down at 6486.54 as GAIL 0.63%, Reliance industries 0.57%, IPCL 0.51% and ONGC 0.15% were trading in red.

BSE FMCG index was up by 25.16 points to trade at 1799.20 as HLL up 1.93% and ITC ltd grew 1.8%.

BSE Metal index grew 57.71 points to trade at 8962.72 as Tata steel up 0.72%, SAIL 0.42% and Nalco 0.32% were trading in green.

BSE Health Care index decreased by 5.42 points to trade at 3680.48 as Dr. Reddy''s 1.25%, Cipla ltd 0.93% was trading in negative.

Pre Open Market Commentary

Indian market is likely to have a flat opening, as the market is likely to consolidate its gain. On Monday, the Indian markets ended in a positive note, as BSE Sensex closed at 13,177.74 up by 321.66 points and Nifty gained 91.5 points to close at 3,843.50. We expect the market to be cautious during the day.

Monday, the US markets closed in green. The Dow Jones Industrial Average (DJI) closed higher by 8.94 points at 12,569.14. The S&P 500 (SPX) index grew 0.85 points to close at 1444.61, where as the NASDAQ Composite (RIXF) down by 2.16 points to close at 2469.18.

Indian ADRs ended mixed. In technology sector, Patni and Wipro up by 3.23% and 3.17% respectively while Infosys closed up by 1.41%. In banking sector, ICICI Bank and HDFC Bank grew by 0.73% and 0.81% respectively. MTNL and VSNL grew by 2.92% and 2.19% respectively.

The major stock market in Asia is trading mixed. The Nikkei 225 is trading at 17,640.66 tumbled by 103.10 points whereas Hang Seng advanced by 188.79 points to trade at 20,398.50. Straits Times trading in green at 3,387.93. Taiex declined by 32.83 points to trade at 8,023.73.

Today, Nifty has support at 3,730 and resistance at 3,925 and BSE Sensex has support at 12,850 and resistance at 13,300.

Post Session Market Commentary

The bulls are in full flow and are betting high on IT, metal, banking and auto stocks. Finally, BSE Sensex closed at 13,177.74 with an incline of 321.66 points. The NSE Nifty advanced by 91.5 points to close at 3843.50. Overall, the market breadth was strong as 1915 stocks were closed in green whereas 613 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 99.70 points at 5,419.55 and the BSE small cap grew 129.00 points at 6,585.37.

BSE FMCG index closed at 1,774.04 up by 53.58 points as ITC grew by 4.90% followed by HLL 1.85%.

BSE Capital goods index inclined by 258.50 points at 9,213.99 as Siemens grew by 3.81%, L&T inclined 3.21%, BHEL up by 2.77% and ABB advanced by 1.71%.

BSE oil & gas index closed at 6,495.91 up by 126.21 points as ONGC grew by 2.75%, BPCL increased 2.97%, RIL advanced by 0.56% and HPCL inclined by 1.72%.

BSE Metal index closed 281.36 points up at 8,905.01 as Tata Steel surged by 6.04%, SAIL inclined by 3.14% followed by Hindalco Industries 2.84%.

BSE IT index closed 109.03 points up at 4,930.55 as Infosys (2.59%), TCS (2.15%), HCL Tech. (2.14%), Wipro (1.90%) and Satyam (1.35%) ended in green.

BSE bank index surged 209.30 points at 6,580.99: SBI (4.30%), PNB (3.84%), HDFC bank (3.04%), OBC (2.63%) and ICICI bank (1.90%) ended in green.

BSE Auto Index grew78.21 points at 4,683.91 as Maruti Udyog inclined by (4.57%), M&M up by (2.89%), Tata Motors advanced (2.47%) and Bajaj Auto grew (0.1%).

BSE Health Care Index closed higher at 3,685.90 with an incline of 38.88 points as Ranbaxy (1.3%) and Cipla (1.23%).

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 1738 stocks advanced and 526 stocks declined on BSE.

At 12.42 pm, BSE sensex was at 13143.45 up by 287.37 points and Nifty was at 3837.10 up by 85.1 points. BSE Mid cap was up by 88.75 points to trade at 5408.70 and BSE small cap was up by 131.73 points to trade at 6588.10.

BSE capital goods index surged 202.71 points to trade at 9158.20 as BHEL 2.35% and L&T 1.96% trading in green.

BSE IT index soared 114.94 points to trade at 4936.46 as Infosys up 2.55% followed by Wipro 2.32%, TCS 2.24% and Satyam 1.54% trading in green.

BSE auto index grew by 68.29 points to trade at 4673.99 as Maruti Udyog advanced 2.82%, Hero Honda Motors 1.98%, Tata Motors 1.29% Bajaj Auto 0.32% trading higher.

BSE Banks index increased by 157.41 points to trade at 6529.10; SBI, ICICI bank, HDFC Bank were trading up by 3.14%, 2.2% and 1.99% respectively.

BSE Oil & gas index was trading 102.98 points up at 6472.68 as ONGC 2.25%, RIL 1.52% trading in green.

BSE FMCG index was up by 43.80 points to trade at 1764.26 as ITC 3.41%, HLL 2.23% were trading higher.

BSE Metal index surged 242.95 points to trade at 8866.60 as Tata steel and Hindalco 4.48% and 2.69% were trading in green respectively.

BSE Health Care index grew 42.35 points to trade at 3689.37 as Cipla up 1.18%.

Pre Open Market Commentary

Indian market is likely to have a positive opening, as the US market closed in green and Asian market is trading significantly higher. On Thursday, the Indian markets ended in a positive note, as BSE Sensex closed at 12,856.08 up by 69.31 points and Nifty gained 18.75 points to close at 3752. We expect the market to remain positive during the day.

Thursday, the US markets closed in green. The Dow Jones Industrial Average (DJI) closed higher by 30.15points at 12,560.2. The S&P 500 (SPX) index grew 4.39 points to close at 1443.76, and the NASDAQ Composite (RIXF) up by 12.65 points to close at 2471.34.

Indian ADRs ended mixed. In technology sector, Satyam up by 0.43% whereas Infosys closed down by 0.50%. In banking sector, ICICI Bank up by 1.72% as well as HDFC Bank surged by 2.02%. MTNL and VSNL grew by 1.79% and 1.54% respectively.

The major stock market in Asia is trading higher, as Bank of Japan is expected to hold the key interest rate at 0.5% and surprisingly positive US jobs data sparked hopes of increased sales to their biggest market. The Nikkei 225 is trading at 17,706.56 up by 221.78 points, Hang Seng advanced by 207.01 points to trade at 20209.71. Straits Times trading in green at 3380.86.

Today, Nifty has support at 3,650 and resistance at 3,850 and BSE Sensex has support at 12,725 and resistance at 13,175.

Post Session Market Commentary

After opening flat to lower note, the market traded in green during the whole trading session on back of selective buying in stocks across the sectors. Finally, BSE Sensex closed at 12856.08 with gain of 69.31 points or 0.54%. The NSE Nifty advanced 18.75 points or 0.50% to close at 3752. Overall, the market breadth was strong as 1531 stocks were closed in green whereas 845 stocks 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 39.88 points at 5319.95 and the BSE small cap grew 69.89 points at 6456.37.

BSE Metal index closed 3.07% up at 8623.65 as Tata Steel soared by (5.69%) followed by Hindalco advanced by (1.27%).

BSE FMCG index closed at 1720.46 up by 0.43% as HLL grew by (1.14%).

BSE Capital goods index inclined by 0.48% at 8955.49 as BHEL (0.81%), ABB (1.58%), Siemens (1.21%) and Suzlon (1.14%) ended in green.

BSE oil & gas index closed at 6369.70 down by 0.03% as ONGC (0.38%) and RIL (0.67%) ended red.

BSE IT index closed 0.15% up at 4821.52 as Satyam (0.43%) , Wipro (0.59%) and HCL tech (0.24%) closed up while Infosys and TCS closed down.

BSE bank index grew by 1.89% at 6371.69: OBC, PNB, HDFC, ICICI Bank and HDFC bank ended in green by 5.58%, 3.62%, 2.02%, 2.01% and 1.63% respectively.

BSE Auto Index increased by 0.30% at 4605.70 as Maruti Udyog (1.01%), Tata motors (0.6%) and M&M (0.27%) ended in green.

BSE Health Care Index closed at 3647.02 with an incline of 0.03% as Cipla (1.44%) and Ranbaxy labs (0.52%) closed up.

Mid Day Market Commentary

Market was trading with modest gains on back of selective buying interest seen across the sectoral index. The overall market breadth was strong as 1358 stocks advanced and 744 stocks declined on BSE.

At 12.42 pm, BSE sensex was at 12820.91 up by 34.14 points and Nifty was at 3743.65 up by 10.4 points. BSE Mid cap inclined by 35.75 points to trade at 5315.82 and BSE small cap surged by 69.02 points to trade at 6455.50.

BSE Metal index surged 240.66 points to trade at 8607.42 as Tata Steel (5.74%) and Hindalco (1.61%) were trading in green.

BSE Banks index was rising 40.38 points to trade at 6293.99; SBI Bank (1.11%), HDFC Bank (0.55%) and ICICI Bank (0.48%) were advancing.

BSE capital goods index inclined 41.09 points to trade at 8953.41 as Siemens (1.40%), and suzlon (0.87%) were trading in green.

BSE IT index was adding 4.78 points at 4819.02 as HCL Tech (0.28%),TCS (0.13%) trading up while Infosys (0.19%), Satyam (0.12%) and Wipro (0.04%) trading in red.

BSE auto index was gaining 17.98 points at 4609.90 as Tata Motors (1.2%), Maruti Udyog (1.01%) were rising where as Hero Honda Motors (1.38%) and Bajaj Auto (0.45%) were declining.

BSE Oil & gas index was trading 12.89 points down at 6358.43 as ONGC (0.56%) and RIL (0.38%) were trading down.

BSE FMCG index was up 6.59 points to trade at 1719.70 as HLL inclined by (1.59%) while ITC declined by (0.27%).

BSE Health Care index inclined by 17.97 points to trade at 3663.96 as Cipla up (0.81%) and Ranbaxy up (0.64%) where as Dr. Reddy down (0.97%).

Pre Open Market Commentary

Indian market is likely to have a flat opening, as the US market closed flat and Asian market is trading mixed. On Wednesday, the Indian markets closed in green, as BSE Sensex closed at 12,786.77 up by 162.19 points and Nifty gained 42.60 points to close at 3,733.25. We expect the market to be choppy during the day.

Wednesday, the US markets closed flat. The Dow Jones Industrial Average (DJI) surge 19.75 points to close at 12,530.05. The S&P 500 (SPX) index grew 1.60 points to close at 1,439.37, and the NASDAQ Composite (RIXF) up by 8.36 points to close at 2,458.69.

Indian ADRs ended mixed. In technology sector, Infosys grew by 0.77% and Wipro closed down by 0.63%. In banking sector, ICICI Bank surged by 0.64% while HDFC Bank fell by 0.75%. MTNL and VSNL dropped by 0.88% and 0.48%.

The major stock market in Asia is trading mixed. The Nikkei 225 is trading at 17,467.90 down by 76.19 points, while Hang Seng advanced by 207 points to trade at 20,209.71. Straits Times trading flat 3,333.15. Taiex rose 71.70 points to trade at 8004.61.

Today, Nifty has support at 3,630 and resistance at 3,800 and BSE Sensex has support at 12,650 and resistance at 12,975.

Post Session Market Commentary

After opening on a positive note, the market was trading significantly higher during the day. Finally, BSE Sensex closed at 12,786.77 with an increase of 162.19 points. The NSE Nifty surged 42.60 points to close at 3,733.25. Overall, the market breadth was positive as 1580 stocks were closed in green whereas 900 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 edged up by 43.71 points at 5,280.07, while the BSE small cap grew 72.84 points at 6,386.48.

BSE oil & gas index closed at 6,371.32 up by 1.34% as IPCL (1.83%), GAIL (1.82%), RIL (1.79%), BPCL (0.94%), HPCL (0.51%) and ONGC (0.38%) ended higher.

BSE Metal index closed 1.79% up at 8,366.76 as Tata Steel (1.47%), Hindalco (0.74%) and SAIL (0.31%) ended higher.

BSE IT index closed 0.99% up at 4,814.24 as HCL Tech (3.31%), Wipro (3.14%) and Infosys (1.29%) ended in green.

BSE FMCG index closed at 1,713.11 down by 0.03%, as HLL and ITC dropped by (1.95%) (0.77%) respectively.

BSE bank index grew by 1.15% at 6,253.61: ICICI Bank, HDFC Bank and SBI bank ended in green.

BSE Capital goods index edged up by 2.23% at 8,912.32 as BHEL (3.81%), ABB (2.11%), L&T (0.92%) and Siemens (0.88%) advanced.

BSE Auto Index fell 0.44% at 4,591.92 as Hero Honda (2.87%), M&M (2.65%) and Tata Motors (0.72%) ended lower.

BSE Health Care Index closed at 3,645.99 with a growth of 2.0% as Dr. Reddy (3.68%), Cipla (2.39%), Sun (1.12%) and Ranbaxy (0.38%) ended in green.

Mid Day Market Commentary

Market was trading in positive territory on the backdrop of buying interest in shares. Overall market breadth was positive as 1488 stocks advanced and 700 stocks declined on BSE.

At 12.36, BSE Sensex was at 12,779.54 up by 154.96 points and Nifty was at 3,735.20 up by 44.54 points. BSE Mid cap was up by 42.35 points to trade at 5,278.72 and BSE small cap was up by 80.23 points to trade at 6,313.64.

BSE capital goods index surged 188.77 points to trade at 8906.84 as BHEL (6.12%), L&T (1.50%) and ABB (1.45%) trading higher.

BSE IT index edged up by 6.93 points to trade at 4773.90 as HCL Technology (3.36%) and Wipro (1.36%) trading higher while Satyam (1.33%) was trading in red.

BSE auto index fell 1.57 points to trade at 4601.75 as hero Honda (1.53%), Tata Motors (0.48%) and M&M (0.32%) trading lower, while Maruti (0.27%) and Bajaj Auto (0.51%) were trading higher.

BSE Banks index grew 104.04 points to trade at 6286.48; ICICI Bank, SBI and HDFC Bank were trading up.

BSE Oil & gas index was trading 81.81 points up at 6369.02 as GAIL (2.54%), RIL (1.66%), IPCL (1.62%), BPCL (1.46%) and HPCL (1.33%) were trading up.

BSE FMCG index grew 13.22 points to trade at 1726.84 as ITC up (0.94%), whereas Dabur (1.18%) and HLL (0.60%) were trading lower.

BSE Metal index surge 159.66 points to trade at 8379.29 as SAIL (2.11%), Hindalco (1.78%) and Tata Steel (1.12%) trading higher.

BSE Health Care index grew 56.69 points to trade at 3631.34 as Dr. Reddy''s (2.95%), Cipla (1.76%) and Ranbaxy (0.67%) trading in green.

Pre Open Market Commentary

Indian market is likely to have a positive opening, as the US market closed in green and Asian market is trading higher. On Tuesday, the Indian markets closed in green, as BSE Sensex closed at 12,624.58 up by 169.21 points and Nifty gained 57.05 points to close at 3,690.65.The outlook for the market is guarded optimism.

Tuesday, the US markets closed in green. The Dow Jones Industrial Average (DJI) surge 128 points to close at 12,510.30. The S&P 500 (SPX) index grew 13.22 points to close at 1,437.77, and the NASDAQ Composite (RIXF) up by 28.07 points to close at 2,450.33.

Indian ADRs ended on a positive note. In technology sector, Infosys grew by 3.77% ,Satyam and Wipro closed up by 4.97% and 4.32% respectively. In banking sector, ICICI Bank surged by 2.57% and HDFC Bank grew by 2.40%. MTNL and VSNL edged up by 5.28% and 2.16%.

The major stock market in Asia is trading higher. The Nikkei 225 is trading at 17,508.65 up by 264.60 points, while Hang Seng advanced by 158.82 points to trade at 20,162.52. Straits Times grew by 26.44 points to trade at 3,314.80.

Today, Nifty has support at 3,610 and resistance at 3,780 and BSE Sensex has support at 12,450 and resistance at 12,850.

Post Session Market commentary

After opening on a positive note, the market was trading in green during the day. Finally, BSE Sensex closed at 12,624.58 with an incline of 169.21 points or 1.36%. The NSE Nifty advanced by 57.05 points (1.57%) to close at 3690.65. Overall, the market breadth was strong as 1308 stocks were closed in green whereas 980 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 1713.62 up by 1.33% as ITC advanced (1.43%) followed by HLL grew by (1.12%).

BSE Capital goods index inclined by 1.12% at 8718.07 as BHEL surged by (4.85%) which remained as the top gainer during the whole trading session.

BSE oil & gas index closed at 6287.21 up by 1.86% as ONGC grew up by (1.7%), RIL advanced by (1.9%).

BSE Metal index closed 1.08% up at 8219.63 as Tata Steel up by (1.16%) followed by Hindalco inclined by (1.02%).

BSE IT index closed 2.02% up at 4766.97 as Wipro up by (3.39%), Satyam advanced by (3.02%), Infosys surged by (2.33%), TCS up by (1.28%).

BSE bank index grew by 0.49% at 6182.44: HDFC bank and ICICI Bank ended in green by 1.26% and 0.34% respectively.

BSE Auto Index inclined by 0.93% at 4612.32 as Hero Honda motors up 3.39% followed by Tata motors up 1.16%.

BSE Health Care Index closed higher at 3574.65 with an incline of 0.59% as Ranbaxy up by (0.64%), Dr Reddy''s grew by (1.35%).

Mid Day Market Commentary

Market was trading in positive territory as buying resumed after a sharp decline on Monday on the backdrop of hike in the CRR and the Repo rates by the RBI. Overall market breadth was strong as 1073 stocks advanced and 956 stocks declined on BSE.

At 12.33 PM, BSE Sensex was at 12587.97 up by 132.60 points and Nifty was at 3677.35 up by 45.65 points. BSE Mid cap also inclined by 8.48 points to trade at 5217.77 and BSE small cap was up by 18.26 points to trade at 6312.32.

BSE capital goods index inclined 66.19 points to trade at 8687.55 as BHEL (2.94%) and L&T (0.53%) trading higher.

BSE IT index grew 86.28 points to trade at 4758.84 as Wipro (2.45%), Infosys (2.02%), Satyam (1.97%) and TCS (1.18%) trading in green.

BSE auto index inclined 26.80 points to trade at 4596.71 as Hero Honda Motors (1.98%), Tata Motors (1.58%) and Maruti Udyog (0.48%) were trading in green.

BSE Banks index inclined 39.82 points to trade at 6192.41; HDFC Bank (1.09%) and ICICI Bank (0.26%) were trading in green while SBI (0.4%) was trading in red.

BSE Oil & gas index was trading 75.24 points up at 6247.49 as ONGC (1.88%) followed by RIL (1.08%) were trading high.

BSE FMCG index grew24.39 points to trade at 1715.49 as HLL (1.97%) and ITC (1.57%) were trading higher.

BSE Metal index increased 56.58 points to trade at 8188.25 as Tata Steel was up by (1.49%) while Hindalco Industries was down by (0.24%).

BSE Health Care index inclined by 4.26 points to trade at 3557.88 as Ranbaxy Lab. (0.5%) followed by Dr. Reddy''s (0.27%) were trading higher and where as Cipla (1.06%) trading in lower.

Pre Open Market Commentary

Indian market is likely to have a cautious opening, as the market sentiment is quite bearish. On Monday, the Indian markets closed in deep red, as BSE Sensex closed at 12,455.37 down by 616.73 points and Nifty dropped 187.95 points to close at 3,633.60.The outlook for the market is cautious.

Monday, US markets closed in green. The Dow Jones Industrial Average (DJI) surge 27.95 points to close at 12,382.30. The S&P 500 (SPX) index grew 3.69 points to close at 1,424.55, and the NASDAQ Composite (RIXF) up marginally by 0.62 points to close at 2,422.26.

Indian ADRs ended on a mixed note. In technology sector, Infosys dropped by 0.88%, while Satyam and Wipro closed lower by 2.42% and 3.05% respectively. In banking sector, ICICI Bank dropped 0.60%, while HDFC Bank grew by 0.39%. MTNL fell by 3.59% whereas VSNL surged by 0.11%.

The major stock market in Asia is mostly trading higher. The Nikkei 225 is trading at 17,162.62 up by 134.21 points, while Hang Seng advanced by 137.06 points to trade at 19,946.76. Straits Times grew by 24.36 points to trade at 3,270.67.

Today, Nifty has support at 3,550 and resistance at 3,720 and BSE Sensex has support at 12,250 and resistance at 12,700.

Post session Market Commentary

The BSE Sensex opened in the red, well below the 13,000 mark in opening trade, following a surprise hike in the short-term repo rate and the cash reserve ratio (CRR) by the Reserve Bank of India (RBI) after trading hours on Friday (30 March). Since then market was trading in red during the day. Finally, BSE Sensex closed at 12455.37 with a decline of 616.73 points. The NSE Nifty also declined by 187.95 points to close at 3633.60. Overall, the market breadth was weak as 702 stocks were advanced whereas 1771 were declined in BSE while 73 remain unchanged.

BSE Mid cap and BSE Small cap indices followed the trend of benchmark index, as BSE mid cap declined by 174.83 points at 5209.29 and the BSE small cap decreased 176.45 points at 6294.06

.BSE FMCG index closed at 1691.10 down by 48points as HLL declined by (4.51%) followed by ITC decreased (2.59%).

BSE Capital goods index declined by 453.36 points at 8621.36 as L&T down by (6.43%), followed by BHEL declined by (4.68%).

BSE oil & gas index closed at 6172.25 down by 246.93 points on the back of ONGC declined by (4.91%) and RIL slipped down by (4.41%).

BSE Metal index closed 356.77 points down at 8131.67 as Tata Steel declined by (6.04%) and Hindalco Industries decreased by (2.15%).

BSE IT index closed 226.83 points down at 4672.56 on the back of decline in Wipro (7.58%), Satyam (4.9%), Infosys (4.75%) and TCS (3.51%).

BSE bank index dropped by 389.42 points at 6152.59 on account of SBI (5.76%), ICICI Bank (5.74%) and HDFC bank (5.2%) ended in red.

BSE Auto Index fell 299.22 Points at 4569.91 as Tata Motors (9.08%), Maruti Udyog (8.26%), Hero Honda motors (7.39%) and Bajaj Auto (6.57%) ended lower.

BSE Health Care Index closed lower at 3553.62 with a decline of 95.81 points as Ranbaxy (4.23%), Cipla (3.69%) and Dr Reddy''s (2.06%) ended in red.

Mid Day Market Commentary

Market was trading in negative territory on the backdrop of hike in the CRR and the Repo rates by the RBI and there was no sign of recovery. Overall market breadth was negative as 628 stocks advanced and 1455 stocks declined on BSE.

At 12.28 pm, BSE Sensex was at 12646.01 down by 426.09 points and Nifty was at 3689.90 down by 131.65 points. BSE Mid cap was also down by 117.40 points to trade at 5266.32 and BSE small cap was declined by 114.98 points to trade at 6355.53.

BSE capital goods index declined 325.87 points to trade at 8748.85 as L&T (4.35%) and BHEL (3.39%) trading lower.

BSE IT index dropped 115.58 points to trade at 4783.81 as Wipro (3.51%), Satyam (3.32%), Infosys (2.15%) and TCS (1.71%) trading in red.

BSE auto index fell 242.25 points to trade at 4626.88 as Tata Motors (6.66%), Bajaj Auto (6.04%), Maruti Udyog (5.09%), and Hero Honda (4.55%) were trading lower.

BSE Banks index declined 323.87 points to trade at 6218.14; SBI Bank (5.76%), ICICI Bank (5.02%) and HDFC Bank (3.64%) were trading in red.

BSE Oil & gas index was trading 178.37 points down at 6240.81 as ONGC (4.81%) followed by RIL (2.44%) were trading down.

BSE FMCG index dropped 32.71 points to trade at 1706.39 as HLL (3.78%) and ITC (1.26%) were trading lower.

BSE Metal index decreased 129.30 points to trade at 8359.14 as Tata Steel (1.67%) and Hindalco (1.38%) were trading in red.

BSE Health Care index declined by 48.29 points to trade at 3601.14 as Cipla (2.21%), Dr. Reddy''s (1.43%) were trading lower where as Ranbaxy (1.67%) trading in green.

Pre Open Market Commentary

Indian market is likely to have a negative opening on the backdrop of the announcement made by the RBI to further tightening the money circulation in the economy. On Friday, the Indian markets closed in green, as BSE Sensex closed at 13,072.10 up by 92.44 points and Nifty gained 23.45 points to close at 3,821.55.The outlook for the market is negative. Friday, US markets closed flat. The Dow Jones Industrial Average (DJI) surge 5.60 points to close at 12,354.35. The S&P 500 (SPX) index dropped 1.67 points to close at 1,420.86, and the NASDAQ Composite (RIXF) grew by 3.76 points to close at 2,421.64.

Indian ADRs ended on a mixed note. In technology sector, Infosys grew by 0.18%, while Satyam and Wipro closed lower by 0.87% and 1.75%% respectively. In banking sector, ICICI Bank and HDFC bank dropped 6.94% and 4.16% respectively. MTNL and VSNL also ended in positive territory as it surged by 0.30% and 0.54% respectively.

The major stock market in Asia is mostly trading higher. The Nikkei 225 is trading at 17,377.17 up by 89.52 points, while Hang Seng advanced by 139.93 points to trade at 19,940.86. Straits Times grew by 24.61 points to trade at 3,255.85.

Today, Nifty has support at 3,725 and resistance at 3,900 and BSE Sensex has support at 12,750 and resistance at 13,200.