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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment