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