Post Session Market Commentary

The BSE Sensex closed the session on a positive note as it grew by 133.08 points at 14,544.46 while Nifty closed at 4,295.80 up by 46.15 points. Of the 2,564 stocks actively traded on BSE, 1,332 stocks advanced while 1,153 stocks declined. The BSE Mid cap and Small cap closed higher by 30.79 points and 63.47 points at 6,222.40 and 7,413.03 respectively.

BSE bank index closed higher by 102.13 points at 7,607.35 as HDFC bank 3.18%, PNB 2.38%, SBI 2.09%, Bank of Baroda 1.42%, BOI 0.55% and ICICI bank 0.87% closed in positive.

BSE Capital goods index closed higher by 74.56 points at 11,153.99 as ABB 1.83% and L&T 0.25% closed in green while BHEL (49.47%) and Siemens (0.30%) closed in red.

BSE Metal index closed at 10,405.99 up by 61.32 points as Tata Steel 0.71%, SAIL 0.68% and Hindalco 0.21% closed in positive while NALCO (0.80%) closed in negative.

BSE Auto Index closed in positive at 5,012.28 up by 64.12 points as Hero Honda 5.01%, Maruti Udyog 2.63%, Tata motors 2.07%, Bajaj Auto 1.06% and M&M 0.88% closed in green.

BSE IT index closed at 4,851.43 grew 37.34 points as Wipro 1.59%, Infosys 0.84%, Satyam 0.95%, HCL Tech 0.63% closed in green while TCS (0.41%) closed in red

BSE Health Care Index closed higher by 14.46 points at 3,841.84 as Cipla 1.35%, Glaxosmithkline 0.95% and Sun pharma 0.52% closed higher while Dr. Reddy lab (0.78%) and Ranbaxy labs (0.45%) closed lower.

BSE oil & gas index closed up by 40.09 points at 7,795.67 as HPCL 4.08%, BPCL 1.98%, Reliance petroleum 1.82% and GAIL 1.56% closed in green while ONGC (0.19%) closed in red.

BSE FMCG index closed higher by 26.06 points at 1,907.38 as HLL 2.42%, Dabur 1.53% and ITC 0.77% closed in green.

Mid Day Market Commentary

The market is trading firm at higher level and remains range bound. The overall market breadth is strong as 1426 stocks are advancing while 866 stocks are declining and 79 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,519.61 up by 108.23 points and Nifty was at 4,278.80 up by 29.15 points. The BSE mid cap is higher by 52.18 points at 6,243.79 and small cap advanced by 79.08 points to 7,428.64.

BSE Capital goods index surged 158.71 points to 11,238.14 as ABB (1.73%), L&T (1.4%) and Siemens (0.19%) are trading in green while BHEL (49.67%) is trading lower.

BSE Bank index advanced 83.33 points to trade at 7,588.55 as HDFC Bank (2.74%), SBI (1.84%), PNB (0.68%) and ICICI Bank (0.4%) are trading higher.

BSE Metal index inclined 66.67 points to trade at 10,411.34 as SAIL (1.11%), Hindalco (0.96%), Tata steel (0.5%) and NALCO (0.2%) are trading higher.

BSE Auto index grew 62.87 points to trade at 5,011.03 as Hero Honda (2.7%), Bajaj (2.17%), M&M (1.52%), are trading positively.

BSE IT index inclined 59.09 points to trade at 4,873.18 as Satyam (2.31%), Infosys (1.47%), Wipro (0.67%) and TCS (0.07%) are trading in green.

BSE Oil & gas index was trading 28.81 points up at 7,784.39 as HPCL (1.74%), RPL (1.32%), and BPCL (1.1%) are trading in green whereas GAIL (0.37%) is trading in red.

BSE Health Care index inclined 23.08 points to trade at 3,850.46 as GSK (1.63%), Cipla (1.14%), Ranbaxy (0.95%) and Dr. Reddy (0.57%) are trading in positive.

BSE FMCG index inclined 9.59 points to trade at 1,890.91 as HLL (0.63%), ITC (0.49%) and Dabur (0.25%) are trading in green.

Pre Open Market Commentary

Indian market is likely to have a positive opening, as the Asian market is trading higher and US market closed in green. On Wednesday, the Indian markets closed in negative zone, as BSE Sensex ended lower by 96.83 points at 14,411.38 whereas Nifty slipped by 43.6 points to close at 4,249.65. We expect the market to remain choppy during the day.

Wednesday, the US markets closed in green. The Dow Jones Industrial Average (DJI) closed in positive by 111.74 points at 13,633.08. The S&P 500 (SPX) index closed up by 12.12 points at 1,530.23 while the NASDAQ Composite (RIXF) closed higher by 20.53 points at 2,592.59.

Indian ADRs ended mixed. In technology sector, Wipro and Satyam closed higher by 2.92% and 0.52% respectively while Patni computers and Infosys slipped by 2.97% and 0.65% respectively. In banking sector, ICICI bank and HDFC Bank grew by 1.76% and 0.45% respectively. VSNL increased by 0.23% while MTNL tumbled by 1.30%. In automobile sector, Tata Motors closed up by 0.60%. In health care sector, Dr Reddy;s lab closed lower by 0.18%.

The major stock markets in Asia are trading strong. The Nikkei 225 is trading at 17,781.41 up by 193.15 points. Hang Seng trading higher by 194.48 points at 20,488.24. Straits Times trading in positive at 3,511.13 rose by 15.95 points. Taiex gained 60.98 points to trade at 8,208.32.

Today, Nifty has support at 4,205 and resistance at 4,310 and BSE Sensex has support at 14,305 and resistance at 14,640.

Post Session Market Commentary

The BSE Sensex closed the session on a negative note lower by 96.83 points at 14,411.38 while Nifty closed at 4,249.65 down by 43.6 points. Of the 2,652 stocks actively traded on BSE, 1,594 stocks declined while 991 stocks advanced. The BSE Mid cap and Small cap closed lower by 62.90 points and 38.77 points at 6,191.61 and 7,349.56 respectively.

BSE Capital goods index closed higher by 183.29 points at 11,079.43 as L&T 7.39% closed in green while BHEL (3.08%), ABB (1.36%) and Siemens (0.42%) closed in red.

BSE Metal index closed at 10,344.67 down by 149.58 points as SAIL (3.07%), Hindalco (2.73%), NALCO (0.38%) and Tata Steel (0.24%) closed lower.

BSE Auto Index closed in negative at 4,948.16 down by 9.37 points as Maruti Udyog (2.10%) and M&M (1.72%) closed in red while Hero Honda (1.70%), Bajaj Auto (0.39%) and Tata motors (0.14%) closed in green.

BSE bank index closed lower by 95.57 points at 7,505.22 as PNB (1.14%) and ICICI bank (1.07%) closed in negative whereas HDFC bank 3.56% and SBI 0.21% closed in positive.

BSE IT index closed at 4,814.09 plunged 94.06 points as Infosys (2.42%), TCS (1.45%), Satyam (1.44%), Wipro (0.62%) and HCL Tech (0.28%) closed in red.

BSE Health Care Index closed lower by 30.15 points at 3,827.38 as Cipla (1.74%), Ranbaxy labs (0.26%) and Dr. Reddy lab (0.18%) closed lower while Glaxosmithkline (0.25%) closed higher.

BSE oil & gas index closed lower by 37.05 points at 7,755.58 as Reliance petroleum (3.52%) and BPCL (1.30%) closed in red while IPCL (1.57%), GAIL (0.20%) and HPCL (0.16%) closed in green.

BSE FMCG index closed lower by 32.93 points at 1,881.32 as HLL (1.92%), ITC (1.61%) and Dabur (1.36%) closed in red.

Mid Day Market Commrntary

The market is trading flat at lower level as the some selling is seen in the selective scrips. The overall market breadth is positive as 1222 stocks are advancing while 1164 stocks are declining on BSE and 78 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,506.34 down by 1.87 points and Nifty was at 4,279.40 down by 13.85 points. The BSE mid cap is marginally higher by 1.30 points to 6255.81 and small cap advanced by 35.16 points to 7423.49.

BSE Capital goods index surged 298.05 points to 11,194.19 as L&T (6.42%), BHEL (0.48%), Siemens (0.32%) and ABB (0.2%) are trading in green.

BSE Oil & gas index was trading 47.35 points up at 7,839.98 as IPCL (2.12%), HPCL (1.54%), and BPCL (0.48%) are trading in green whereas GAIL (1.3%) and ONGC (0.85%) are trading in red.

BSE Auto index grew 30.27 points to trade at 4,987.80 as Bajaj (1.61%), Hero Honda (0.49%) and Tata Motors (0.3%) are trading in positive while M&M (0.86%) and Maruti (0.46%) are trading in negative.

BSE Metal index inclined 18.97 points to trade at 10,513.22 as Tata Steel (0.93%) is trading higher whereas Hindalco (1.11%), NALCO (0.83%) and SAIL (0.52%) are trading lower.

BSE Health Care index inclined 6.54 points to trade at 3,864.07 as Cipla (1.28%), Dr. Reddy (0.37%), Ranbaxy (0.32%) and Sun Pharma (0.3%) are trading in positive.

BSE Banks index advanced 2.41 points to trade at 7,603.20 as SBI (2.11%) is trading higher while HDFC Bank (1.73%), PNB (1.63%) and ICICI Bank (0.33%) are trading lower.

BSE IT index declined 31.62 points to trade at 4,876.53 as Satyam (1.4%), Wipro (1.24%), Infosys (1.11%) and TCS (0.95%) are trading in red.

BSE FMCG index slipped 20.22 points to trade at 1,894.03 as HLL (1.72%), ITC (1.52%) and Dabur (1.2%) are trading in red.

Pre Open Market Commentary

Indian market is likely to have a flat opening, as the Asian market is trading lower. On Tuesday, the Indian markets ended in positive, as BSE Sensex closed at 14,508.21 up by 110.32 points whereas Nifty gained by 36.7 points to close at 4,293.25. We expect the market to remain range bound during the day.

Tuesday, the US markets closed in green. The Dow Jones Industrial Average (DJI) closed higher by 14.06 points at 13,521.34. The S&P 500 (SPX) index closed up by 2.38 points at 1,518.11 while the NASDAQ Composite (RIXF) up by 14.87 points to close at 2,572.06.

Indian ADRs ended mixed. In technology sector, Wipro closed lower by 1.99% as well as Infosys by 0.60% while Satyam and Patni computers closed up by 1.09% and 0.29% respectively. In banking sector, HDFC Bank and ICICI bank gained by 2.39% and 0.41% respectively. VSNL decreased by 4.13% while MTNL gained 3.36%. In automobile sector, Tata Motors closed up by 1.78%. In health care sector, Dr Reddy;s lab closed up by 0.81%.

The major stock market in Asia is trading weak. The Nikkei 225 is trading at 17,631.56 down by 41 points, Hang Seng tumbled by 99.92 points to trade at 20,369.67. Straits Times trading lower at 3,501.18 slipped by 25.90 points. Taiex fall by 44.70 points to trade at 8,136.79.

Today, Nifty has support at 4,240 and resistance at 4,330 and BSE Sensex has support at 14,320 and resistance at 14,680.

Post session Market Commentary

The BSE Sensex closed the session with a positive inspiring note as it closed up by 110.32 points at 14,508.21 while Nifty closed at 4293.25 up by 36.7 points. Of the 2,672 stocks actively traded on BSE, 1355 stocks advanced while 1212 stocks declined. The BSE Mid cap and Small cap closed higher by 47.81 points and 53.69 points at 6,254.51 and 7,388.33 respectively.

BSE Capital goods index closed higher by 297.76 points at 10896.14 as BHEL 4.86%, L&T 4.00%, ABB 2.70% and Siemens 1.79% closed in green.

BSE Metal index closed at 10494.25 up by 39.37 points as NALCO 0.76%, Tata Steel 0.52% and Hindalco 0.38% closed higher while SAIL (1.03%) closed lower.

BSE bank index closed higher by 36.71 points at 7600.79 as HDFC bank 1.78% and SBI 1.22% closed in positive whereas ICICI bank (0.16%) and PNB (1.09%) closed in negative.

BSE Auto Index closed at 4,957.53 grew by 39.63 points as M&M (3.30%), Tata motors (1.04%) and Hero Honda (0.52%) closed in green while Maruti Udyog (0.59%) and Bajaj Auto (0.48%) closed in red.

BSE Health Care Index closed higher by 64.44 points at 3,857.53 as Cipla (4.95%), Ranbaxy labs (2.17%) and Dr. Reddy lab (0.21%) closed higher while Glaxosmithkline (1.51%) closed lower.

BSE oil & gas index closed in positive at 7792.63 grew by 91.56 points as IPCL (1.71%) and Reliance petroleum (1.09%) closed in green while BPCL (1.47%), GAIL (1%) and HPCL (0.34%) closed in red.

BSE IT index closed lower at 4,908.15 slipped by 7.10 points as Infosys (0.66%) closed in red while Satyam (0.64%) and TCS (0.54%) closed in green.

BSE FMCG index closed marginally lower by 4.25 points at 1,914.25 as ITC (0.66%) closed in green while HLL (1.05%) and Dabur (0.46%) closed in red.

Mid Day Market Commentary

The market is trading firm. The market rebound from the lower level as some buying is seen in the selective scrips. The overall market breadth is positive as 1304 stocks are advancing while 1009 stocks are declining on BSE and 98 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,439.40 up by 41.51 points and Nifty was at 4,271.7 up by 15.14 points. The BSE mid cap is trading higher by 46.42 points to 6253.12 and small cap advanced by 56.54 points to 7391.18.

BSE Capital goods index surged 112.63 points to 10711.01 as BHEL (2.58%), L&T (0.69%), Siemens (0.77%) and ABB (0.05%) are trading in green.

BSE Health Care index inclined 39.23 points to trade at 3832.32 as Ranbaxy (1.93%), Cipla (1.75%), Sun Pharma (1.35%), Dr. Reddy (0.23%) and GSK (0.21%) are trading in positive.

BSE Oil & gas index was trading 35.21 points up at 7736.28 as RPL (1.68%), HPCL (1.23%), ONGC (0.58%), IPCL (0.25%) are trading in green whereas BPCL (0.81%) and GAIL (0.28%) are trading in red.

BSE Auto index grew 34.82 points to trade at 4952.72 as M&M (2.54%), Tata Motors (0.85%), and Bajaj Auto (0.13%) are trading in positive while Hero Honda (0.62%) and Maruti (0.54%) are trading in negative.

BSE Metal index inclined 22.94 points to trade at 10477.82 as Tata Steel (2.01%), Hindalco (0.94%) are trading higher whereas SAIL (0.88%) and NALCO (0.18%) are trading lower.

BSE Banks index advanced 10.25 points to trade at 7574.33 as ICICI Bank (0.13%) is trading higher while PNB (0.48%), HDFC Bank (0.14%) and SBI (0.08%) are trading lower.

BSE IT index inclined 8.06 points to trade at 4923.31 as TCS (0.38%) and Wipro (0.1%) are trading in green whereas HCL (1.39%) and Infosys (0.59%) are trading in red.

BSE FMCG index advanced 2.59 points to trade at 1921.09 as HLL (1.3%) and ITC (0.0.9%) are trading in green whereas Dabur (0.05%) is trading in red.

Pre Open Market Commentary

The Indian market is likely to have flat opening as the Asian market is trading higher .On Monday, the Indian markets ended in a positive note as BSE Sensex closed in green by 59.44 points at 14,397.89 while Nifty closed at 4,256.55 up by 8.4 points. We expect the market to be choppy during the day.

US market was closed on May, 28,2007 due to observation of Memorial Day.

The major stock markets in Asia are trading in positive zone. Japan''s Nikkei advanced by 92.38 points to trade at 17,679.97. Hang sang plunged by 49.61 points to trade at 20,480.15, Straits Times trading higher by 5.03 points at 3,518.40. Taiwan weighted trading at 8,218.31 up by 91.49 points.

Today, Nifty has support at 4,205 and resistance at 4,300 and BSE Sensex has support at 14,240 and resistance at 14,580.

Post Session Market Commentary

The BSE Sensex closed the session with a positive note as it closed up by 59.44 points at 14,397.89 while Nifty closed at 4,256.55 up by 8.4 points. Of the 2,661 stocks actively traded on BSE, 1,472 stocks advanced while 1,091stocks declined. The BSE Mid cap and Small cap closed higher by 63.56 points and 68.72 points at 6,206.70 and 7,334.64 respectively.

BSE Capital goods index closed higher by 85.63 points at 10598.38 as L&T (2.65%), Siemens (1.01%) and BHEL (0.80%) closed in green while and ABB (0.75%) closed in red.

BSE Metal index closed at 10454.88 down by 17.92 points as SAIL (1.96%) and Hindalco (0.35%) are ended lower while Tata Steel (0.26%) and NALCO (0.24%) are closed lower.

BSE bank index closed higher by 96.70 points at 7564.08 as HDFC bank (5.23%), ICICI bank (1.04%), SBI (0.59%) and PNB (0.53%) closed in positive.

BSE Auto Index closed at 4,917.90 up by 57.82 points as Maruti Udyog (1.87%), Bajaj Auto (1.49%), M&M (1.16%), Tata motors (0.91%) and Hero Honda (0.74%) closed in green.

BSE Health Care Index closed higher by 47.07 points at 3793.09 as Glaxosmithkline (4.12%), Cipla (1.61%), Dr. Reddy lab (0.44%) and Ranbaxy labs (0.13%) closed in green

BSE oil & gas index closed in positive territory at 7,701.07 grew by 15.75 points as Reliance petroleum (2.95%) and GAIL (2.16%) ended in green while BPCL (0.52%), IPCL (0.41%) and HPCL (0.18%) closed in red.

BSE IT index closed at 4,915.25 slipped by 44.11 points as HCL (2.18%), Infosys (1.09%), Satyam (0.60%), Wipro (0.59%) and TCS (0.40%) closed in red.

BSE FMCG index closed higher by 6.41 points at 1,918.50 as Dabur (1.96%) ended in positive while HLL (1.28%) and ITC (0.36%) closed in negative.

Mid Day Market Commentary

The market is trading firm at higher levels. The overall market breadth is strong as 1556 stocks are advancing while 838 stocks are declining on BSE and 84 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,472.57 up by 134.12 points and Nifty was at 4,275.75 up by 15.9 points. The BSE mid cap is trading higher by 85.33 points to 6,228.47 and small cap advanced by 89.69 points to 7,355.61.

BSE Banks index surged 144.29 points to trade at 7611.67 as HDFC Bank (5.22%), SBI Bank (1.84%), ICICI Bank (1.71%) and PNB (1.11%) are trading higher.

BSE Metal index inclined 99.79 points to trade at 10572.59 as Tata Steel (2.01%), Hindalco (0.94%) are trading higher whereas SAIL (0.88%) and NALCO (0.18%) are trading lower.

BSE Oil & gas index was trading 62.33 points up at 7747.65 as RPL (2.8%), HPCL (1.9%), GAIL (1.78%), ONGC (0.34%), BPCL (0.19%) and IPCL (0.15%) are trading in green.

BSE Capital goods index surged 70.54 points to 10583.29 as BHEL (1.56%), L&T (1.45%), Siemens (0.77%) and ABB (0.15%) are trading in green.

BSE Auto index grew 61.64 points to trade at 4921.72 as Bajaj Auto (2.18%), M&M (1.8%), Maruti Udyog (1.58%) and Tata Motors (0.45%) are trading in positive.

BSE Health Care index inclined 18.87 points to trade at 3764.89 as Ranbaxy (0.92%), Cipla (0.85%), GSK (0.69%), Dr. Reddy (0.65%) and Sun Pharma (0.18%) are trading in positive.

BSE FMCG index advanced 12.72 points to trade at 1924.81 as Dabur (0.73%) and ITC (0.42%) are trading in green whereas HLL (0.25%) is trading in red.

BSE IT index declined 38.66 points to trade at 4920.70 as HCL (1.2%), Satyam (0.41%), Wipro (0.35%) and Infosys (0.28%) are trading in red.

Pre Open Market Commentary

The Indian market is likely to have positive opening as the Asian market is trading higher and US market closed in positive territory. On Friday, the Indian markets ended in a positive note as BSE Sensex closed in green by 120.34 points at 14,338.45 while Nifty closed at 4248.15 up by 43.25 points. We expect the market to remain optimistic during the day.

Friday, the US markets closed in green. The Dow Jones Industrial Average (DJI) grew by 66.15 points to close at 13,507.28. The S&P 500 (SPX) index closed higher by 8.22 points at 1515.73 and the NASDAQ Composite (RIXF) inclined by 19.27 points to close at 2,557.19.

Indian ADRs closed in positive. In technology sector, Patni computers surged by 7.95% along with Satyam by 3.84%, Wipro by 2.88% and Infosys by 2.76%. In banking sector, HDFC bank and ICICI bank grew by 2.16% and 1.38% respectively. VSNL and MTNL inclined by 1.10% and 0.40% respectively. In automobile sector, Tata Motors advanced by 3.04%. In Pharma sector, Dr Reddy''s lab grew by 2.09%.

The major stock markets in Asia are trading in positive zone. Japan''s Nikkei advanced by 118.22 points to trade at 17,599.43. Hang sang rose by 66.32 points to trade at 20,586.98, Straits Times trading higher by 11.98 points at 3,498.61. Taiwan weighted trading at 8,166.14 up by 6.17 points.

Today, Nifty has support at 4,200 and resistance at 4,310 and BSE Sensex has support at 14,150 and resistance at 14,530.

Post Session Market Commentary

The BSE Sensex closed the session with a positive inspiring note as it closed up by 120.34 points at 14,338.45 while Nifty closed at 4,248.15 up by 43.25 points. Of the 2,659 stocks actively traded on BSE, 1,414 stocks advanced while 1,156 stocks declined. The BSE Mid cap and Small cap closed higher by 42.67 points and 64.17 points at 6,143.14 and 7,265.92 respectively.

BSE Capital goods index closed higher by 259.77 points at 10512.75 as L&T (2.20%) closed in green while Siemens (0.33%), BHEL (0.23%) and ABB (0.10%) are closed in red.

BSE Metal index closed at 10,472.80 up by 10.52 points as SAIL (1.09%), NALCO (0.93%) and Hindalco (0.59%) are ended higher while Tata Steel (1.15%) closed lower.

BSE bank index closed lower by 11.91 points at 7467.38 as HDFC bank (1.85%) and PNB (0.42%) closed in negative while SBI (1.05%) and ICICI bank (0.38%) closed in positive.

BSE Auto Index closed at 4,860.08 up by 18.52 points as Tata motors (2.08%) closed in green while M&M (0.41%) and Maruti Udyog (0.14%) closed in red.

BSE Health Care Index closed higher by 7.36 points at 3,746.02 as Glaxosmithkline (0.74%) and Dr. Reddy lab (0.28%) closed in green while Cipla (0.82%) closed in red.

BSE oil & gas index closed in positive territory at 7,685.32 up by 29.99 points as Reliance petroleum (4.08%), GAIL (1.94%) and IPCL (0.26%) closed in positive while HPCL (2.50%) and BPCL (1.65%) closed in negative.

BSE IT index closed at 4,959.36 up by 120.72 points as HCL (3.33%), Satyam (3.48%) and Infosys (2.57%), Wipro (1.99%) and TCS (0.48%) closed in green.

BSE FMCG index closed higher by 10.13 points at 1,912.09 as HLL by (0.92%) and ITC (0.33%) ended in green while Dabur (0.97%) closed in red.

Mid Day Market Commentary

The market is trading flat. The overall market breadth is positive as 1225 stocks are advancing while 1058 stocks are declining on BSE and 91 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,170.95 down by 47.16 points and Nifty was at 4,189 down by 15.9 points. The BSE mid cap is trading higher by 19.70 points to 6,120.17 and small cap advanced by 42.66 points to 7,244.41.

BSE Capital goods index surged 130.45 points to 10383.43 as L&T (1.24%) ABB (0.65%) and Siemens (0.15%) are trading in green.

BSE IT index inclined 29.86 points to trade at 4868.50 as HCL (1.25%), Wipro (0.56%), Satyam (0.31%) and Infosys (0.21%) are trading in green.

BSE FMCG index advanced 10.70 points to trade at 1912.66 as HLL (1.44%) is trading in green whereas Dabur (1.02%) and ITC (0.39%) are trading in red.

BSE Health Care index inclined 9.39 points to trade at 3748.05 as GSK (0.91%) and Ranbaxy (0.31%) are trading in positive while Cipla (1.35%), Sun Pharma (0.68%) and Dr. Reddy (0.28%) are trading in negative.

BSE Banks index declined 17.09 points to trade at 7462.20 as HDFC Bank (1.55%), PNB Bank (0.58%) and SBI (0.35%) are trading lower.

BSE Metal index slipped 11.04 points to trade at 10451.24 as Tata Steel (1.16%), SAIL (0.51%) and Hindalco (0.14%) are trading lower.

BSE Oil & gas index was trading 1.26 points down at 7654.07 as BPCL (2.13%), HPCL (1.91%), RPL (0.42%) and IPCL (0.23%) are trading in red while GAIL (0.6%) is trading in green.

Pre Open Market Commentary

The Indian market is likely to have negative opening, as the Asian market is trading lower and US market closed in negative. On Thursday, the Indian markets ended in a negative note as BSE Sensex closed in red by 145.15 points at 14,218.11 while Nifty closed at 4,204.90 fell by 41.3 points. We expect the market to trade in red zone during the day.

Thursday, the US markets closed in red. The Dow Jones Industrial Average (DJI) fell by 84.52 points to close at 13,441.13. The S&P 500 (SPX) index closed lower by 14.77 points at 1507.51 and the NASDAQ Composite (RIXF) declined by 39.13 points to close at 2537.92.

Indian ADRs closed in negative. In technology sector, Wipro declined by 2.86% along with Infosys by 1.78% and Satyam computers by 1.28%. In banking sector, HDFC bank and ICICI bank fell by 1.99% and 0.62% respectively. VSNL and MTNL declined by 3.19% and 1.72% respectively. In automobile sector, Tata Motors slipped by 0.80%. In Pharma sector, Dr Reddy''s lab fell by 1.68%.

The major stock markets in Asia are trading in negative zone. Japan''s Nikkei declined drastically by 280.86 points to trade at 17,416.11. Straits Times plunged 38.45 points to trade at 3,491.81. Taiwan weighted trading at 8,148.78 down by 67.63 points.

Today, Nifty has support at 4,100 and resistance at 4,240 and BSE Sensex has support at 13,900 and resistance at 14,310.

Post Session Market Commentary

The BSE Sensex closed the session with a negative note as it closed lower by 145.15 points at 14,218.11 while Nifty closed at 4,204.90 down by 41.3 points. Of the 2,646 stocks actively traded on BSE, 1,527 stocks declined while 1,027 stocks advanced. The BSE Mid cap and Small cap closed lower by 8.37 points and 35.80 points at 6,100.47 and 7,201.75 respectively.

BSE Capital goods index closed lower by 43.54 points at 10,252.98 as L&T (1.66%) and BHEL (0.35%) closed in red while ABB (2.69%) and Siemens (1.25%) closed in green.

BSE Metal index closed at 10,462.28 down by 172.67 points as Tata Steel (4.14%) and Hindalco (1.34%) closed lower while NALCO (1.64%) and SAIL (1.28%) ended higher.

BSE bank index closed lower by 110.22 points at 7,479.29 as PNB (4.22%), HDFC bank (1.94%), SBI (1.60%) and ICICI bank (0.75%) closed in red.

BSE Auto Index closed at 4,841.56 up by 4.15 points at 4,837.41 as Tata motors (0.57%) closed in green while Bajaj (0.55%), Maruti Udyog (0.51%), Hero Honda (2.41%) and M&M (0.09%) are closed in red.

BSE Health Care Index closed at 3,738.66 down by 19.74 points as Ranbaxy (2.00%), Glaxosmithkline (1.19%), Dr. Reddy lab (0.85%) and Cipla (0.77%) closed in negative.

BSE oil & gas index closed in negative territory at 7,655.33 declined by 113.90 points as HPCL (3.99%), BPCL (3.54%), IPCL (1.52%) and GAIL (0.55%) ended in red while Reliance petroleum (2.16%) closed in green.

BSE IT index closed at 4,838.64 up by 14.51 points as HCL (1.77%), Satyam (0.83%) and Infosys (0.54%) closed in green while TCS (0.68%) and Wipro (0.60%) closed in red.

BSE FMCG index closed higher by 4.55 points at 1,901.96 as HLL by (1.41%) and Dabur (0.98%) closed in green while ITC (0.12%) closed in red.

Mid Day Market Commentary

The market is trading in negative territory as selling is seen in the selective scrips. The overall market breadth is negative as 995 stocks are advancing while 1321 stocks are declining on BSE and 98 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,270.63 down by 92.63 points and Nifty was at 4,214.85 down by 31.35 points. The BSE mid cap is trading higher by 0.56 points to 6,109.40 while small cap is trading lower by 19.31 points to 7,218.24.

BSE IT index inclined 29.24 points to trade at 4853.37 as HCL (1.77%), Satyam (1.16%), Wipro (0.36%) and Infosys (0.35%) are trading in green.

BSE Auto index grew 15.75 points to trade at 4853.16 as Tata Motors (1.05%) and Bajaj Auto (0.21%) are trading in positive while Hero Honda (1.05%) and Maruti (0.17%) are trading in negative.

BSE FMCG index advanced 6.14 points to trade at 1903.55 as HLL (1.39%) and Dabur (0.26%) are trading in green whereas ITC (0.09%) is trading in red.

BSE Metal index slipped 160.37 points to trade at 10474.58 as Tata Steel (4.18%) and NALCO (0.12%) are trading lower whereas SAIL (0.45%), Hindalco (0.21%) and SAIL (0.27%) are trading higher.

BSE Oil & gas index was trading 87.72 points down at 7681.51 as BPCL (2.99%), HPCL (2.92%), ONGC (1.09%) and IPCL (1.03%) are trading in red while RPL (0.27%) is trading in green.

BSE Banks index declined 83.58 points to trade at 7505.93 as PNB (3.45%), HDFC Bank (2.3%), SBI (1.2%) and ICICI Bank (0.11%) are trading lower.

BSE Capital goods index was trading 23.60 points down at 10272.92 as L&T (0.85%) and BHEL (0.12%) are trading in red while Siemens (0.63%) and ABB (0.23%) are trading in green.

BSE Health Care index declined 4.94 points to trade at 3753.46 as Ranbaxy (1.1%), Sun Pharma (0.86%), GSK (0.61%), Cipla (0.53%) and Dr. Reddy (0.31%) are trading in negative.

Pre Open Market Commentary

The Indian market is likely to have flat opening due to negative bias as the Asian market is trading mixed and US market closed in negative. On Wednesday, the Indian markets ended in a negative note as BSE Sensex closed lower by 90.46 points at 14,363.26 while Nifty closed at 4,246.20 down by 31.9 points. We expect the market to trade on the back foot during the day.

Wednesday, the US markets closed in red. The Dow Jones Industrial Average (DJI) declined by 14.30 points to close at 13,525.65. The S&P 500 (SPX) index closed marginally lower by 1.84 points at 1,522.28 and the NASDAQ Composite (RIXF) closed lower by 10.97 points at 2,577.05.

Indian ADRs closed in negative. In technology sector, Patni computers declined by 4.58% along with Satyam computers by 1.78%, Infosys by 1.20% and Wipro by 1.17%. In banking sector, ICICI bank and HDFC bank fell by 2.33% and 0.89% respectively. VSNL advanced by 0.21% while MTNL lost 0.13%. In automobile sector, Tata Motors declined by 2.60%. In Pharma sector, Dr Reddy''s lab fell by 1.29%.

The major stock markets in Asia are trading in mixed. Japan''s Nikkei trading down by 18.77 points at 17,686.35. Straits Times plunged 24 points to trade at 3,535.01. Taiwan weighted trading at 8,225.78 up by 3.99 points.

Today, Nifty has support at 4,180 and resistance at 4,290 and BSE Sensex has support at 14,190 and resistance at 14,470.

Post Session Market Commentary

The BSE Sensex closed the session with a negative note as it closed lower by 90.46 points at 14,363.26 while Nifty closed at 4,246.20 down by 31.9. Of the 2,639 stocks actively traded on BSE, 1,635 stocks declined while 926 stocks advanced. The BSE Mid cap and Small cap closed lower by 36.04 points and 49.22 points at 6,108.84 and 7,237.55 respectively.

BSE Capital goods index closed higher by 42.43 points at 10,296.52 as BHEL (1.56%) and ABB (0.42%) closed in green while Siemens (0.78%) closed in red.

BSE Metal index closed at 10,634.95 up by 103.80 points as Tata Steel (5.01%) closed higher while SAIL and Hindalco ended lower by (0.41%) each.

BSE bank index closed lower by 69.58 points at 7,589.51 as SBI (1.42%), ICICI bank (1.38%) and HDFC bank (0.50%) closed in red while PNB (0.93%) ended in green.

BSE Auto Index closed marginally lower by 52.81 points at 4,837.41 as Tata motors (2.60%), Maruti Udyog (1.78%) and Bajaj (0.54%) closed in red while Hero Honda (1.02%) and M&M (0.14%) closed in green.

BSE Health Care Index closed at 3,758.40 down by 18.76 points as Ranbaxy (2.38%) and Dr. Reddy lab (1.08%) closed in negative while Glaxosmithkline (0.82%) and Cipla (0.31%) closed in positive

BSE oil & gas index closed in negative territory at 7,769.23 declined by 90.67 points as Reliance petroleum (2.33%), IPCL (1.68%), GAIL (0.77%), BPCL (1.06%) and HPCL (0.15%) closed in red.

BSE IT index closed at 4,824.13 down by 25.38 points as HCL (3.29%) and Infosys (1.06%) closed in red while TCS (0.23%), Wipro (0.44%) and Satyam (0.62%) closed in green.

BSE FMCG index closed lower by 22.94 points at 1,897.41 as ITC (2.55%) closed in red while HLL by (2.19%) closed in green.

Mid Day Market Commentary

The market is trading flat as investors are consolidating their gains. The overall market breadth is negative as 1123 stocks are advancing while 1215 stocks are declining on BSE.

At 12.30 pm, BSE sensex was at 14443.19 down by 10.53 points and Nifty was at 4269.35 down by 8.75 points. The BSE mid cap and small cap are trading higher by 25.25 points and 23.21points to 6170.13 and 7309.98 respectively.

BSE Capital goods index was trading 73.67 points up at 10327.76 as BHEL (2.39%) and Siemens (1.55%) are trading in green while L&T (0.5%) and ABB (0.36%) are trading in red.

BSE Metal index advanced 55.95 points to trade at 10587.10 as Tata Steel (2.03%) and Hindalco (0.92%) are trading higher whereas NALCO (2.26%) and SAIL (0.27%) are trading lower.

BSE Health Care index inclined 1.59 points to trade at 3778.75 as GSK (0.61%) and Ranbaxy (0.29%) are trading in positive whereas Sun Pharma (1.14%), Dr. Reddy (0.46%) and Cipla (0.12%) are trading in negative.

BSE Oil & gas index was trading 27.57 points down at 7832.33 as ONGC (1.32%), GAIL (0.51%), IPCL (0.4%) and RPL (0.32%) are trading in red while HPCL (1.55%) and BPCL (1.35%) are trading in green.

BSE Banks index declined 13.04 points to trade at 7646.05 as PNB (0.77%), SBI (0.32%) and ICICI bank (0.06%) are trading lower while HDFC Bank (0.26%) is trading higher.

BSE IT index slipped 11.47 points to trade at 4838.04 as HCL (0.8%), Infosys (0.63%) and Satyam (0.16%) are trading in red

BSE Auto index fell 1.89 points to trade at 4888.33 as Hero Honda (0.14%) is trading in negative while Bajaj (0.95%), Maruti (0.24%) are trading in positive.

BSE FMCG index declined 8.75 points to trade at 1911.60 as Dabur (1.75%) and ITC (1.46%) are trading in red

Pre Open Market Commentary

The Indian market is likely to have flat opening with positive bias. The Asian market is trading higher and US market closed mixed. On Tuesday, the Indian markets ended in a positive as BSE Sensex closed higher by 35.12 points at 14,453.72 while Nifty closed up by 17.20 points at 4,278.10. We expect the market to remain range bound during the day.

Tuesday, the US markets closed in mixed. The Dow Jones Industrial Average (DJI) declined by 2.93 points to close at 13,539.95. The S&P 500 (SPX) index closed marginally lower by 0.98 points at 1,524.12 while the NASDAQ Composite (RIXF) closed up by 9.23 points at 2,588.02.

Indian ADRs closed in mixed. In technology sector, Satyam computers grew by 0.90% along with Infosys by 0.10% while Patni computers declined by 2.42% and Wipro lost by 1.16%. In banking sector, HDFC bank grew by 1.05% while ICICI bank declined by 0.13%. VSNL and MTNL advanced by 4.22% and 1.07%. In automobile sector, Tata Motors grew by 1.46%. In Pharma sector, Dr Reddy''s lab declined 1.45%.

The major stock markets in Asia are trading in positive. Japan''s Nikkei trading higher by 71.69 points at 17,751.74. Straits Times gained 3.27 points to trade at 3,543.09. Taiwan weighted trading at 8,232.57 up by 43.94 points.

Today, Nifty has support at 4,230 and resistance at 4,325 and BSE Sensex has support at 14,320 and resistance at 14,560.

Post Session Market Commentary

The BSE Sensex closed the session with a positive note as it closed up by 35.12 points at 14,453.72 while Nifty closed higher by 17.20 points at 4,278.10. Of the 2,650 stocks actively traded on BSE, 1,437 stocks declined while 1,123 stocks advanced. The BSE Mid cap closed higher by 15.19 points at 6,144.88 while Small cap declined by 7.38 points at 7,286.77.

BSE Capital goods index closed higher by 57.08 points at 10,254.09 as BHEL (1.52%), ABB (1.23%), Siemens (0.78%) closed in green while L&T (0.32%) closed in red.

BSE Metal index closed at 10,531.15 up by 36.68 points as NALCO (0.74%), Tata Steel (0.73%) and SAIL (0.17%) closed in green while Hindalco (0.98%) ended in red.

BSE bank index closed lower by 21.62 points at 7,659.09 as SBI (1.64%), PNB (1.10%) and ICICI bank (1.12%) closed in red while HDFC bank (1.25%) ended in green.

BSE Auto Index marginally higher by 3.38 points at 4,890.22 as Maruti Udyog (1.16%), M&M (0.41%) and Tata motors (0.30%) closed in green while Bajaj (2.37%) closed in red.

BSE Health Care Index closed at 3,777.16 up by 16.15 points as Dr. Reddy lab (0.58%) closed in green while Glaxosmithkline (0.51%) and Cipla (0.17%) closed in red.

BSE oil & gas index closed in positive territory at 7,859.90 grew by 25.22 points as GAIL (1.47%) and IPCL (1.21%) closed in green while HPCL (1.64%), BPCL (0.74%) and Reliance petroleum (0.47%) closed in red.

BSE IT index closed at 4,849.51 down by 17.81 points as HCL (1.23%), Infosys (0.72%), TCS (0.61%) and Wipro (0.37%) closed in red while Satyam (0.28%)closed in green.

BSE FMCG index closed higher by 9.61 points at 1,920.35 as HLL by (0.47%) and Dabur (0.41%) closed in green while ITC (0.18%) closed in red.

Mid Day Market Commentary

The market is trading in negative territory as selling is seen in the selective scrips. The overall market breadth is negative as 1031 stocks are advancing while 1321 stocks are declining on BSE.

At 12.30 pm, BSE sensex was at 14404.03 down by 14.57 points and Nifty was at 4259.65 down by 1.25 points. The BSE mid cap and small cap are trading higher by 19.75 points and 0.81 points to 6149.44 and 7294.96 respectively.

BSE Metal index advanced 85.09 points to trade at 10579.56 as Tata Steel (1.53%), SAIL (1.28%) and NALCO (0.39%) are trading higher whereas Hindalco (0.51%) is trading lower.

BSE Auto index grew 28.39 points to trade at 4915.23 as Maruti Udyog (2.05%), Tata Motors (0.9%) and M&M (0.79%) are trading positive while Bajaj (2.6%) and Hero Honda (0.2%) are trading in negative.

BSE Banks index inclined 0.99 points to trade at 7681.70 as HDFC Bank (1.22%) is trading higher while SBI (1.77%), PNB (1.3%) and ICICI Bank (0.8%) are trading lower.BSE Capital goods index was trading 9.78 points up at 10206.79 as BHEL (0.97%) is trading in green while L&T (0.24%) and ABB (0.23%) are trading in red.

BSE Health Care index inclined 16.54 points to trade at 3777.55 as Sun Pharma (1.88%), Dr. Reddy (0.67%) and Ranbaxy (0.50%) are trading positive whereas GSK (0.64%) is trading negative.

BSE Oil & gas index was trading 18.57 points down at 7816.11 as BPCL (1.84%), HPCL (1.43%), ONGC (0.39%) and RPL (0.16%) are trading in red.

BSE FMCG index declined 4.98 points to trade at 1905.76 as ITC (0.79%) and Dabur (0.78%) are trading in red whereas HLL (0.96%) is trading in green.

BSE IT index slipped 1.08 points to trade at 4866.24 as HCL (1.23%), Infosys (1.12%) and TCS (0.29%) are trading in red while Wipro (0.43%) is trading in green.

Pre Open Market Commentary

The Indian market is likely to have flat opening. The Asian market is trading higher and US market closed mixed. On Monday, the Indian markets ended in a positive territory as BSE Sensex closed higher by 115.19 points at 14,418.60 while Nifty closed up by 46.4 points at 4,260.90. We expect the market to remain range bound during the day.

Monday, the US markets closed in mixed. The Dow Jones Industrial Average (DJI) declined by 13.65 points to close at 13,542.88. The S&P 500 (SPX) index closed marginally higher by 2.35 points at 1,525.10 while the NASDAQ Composite (RIXF) closed up by 11.22 points at 2,578.79.

Indian ADRs closed in mixed. In technology sector, Patni computers surged by 4.03% while Wipro lost by 1.32% and Infosys by 0.85%. In banking sector, HDFC bank surged by 4.93% while ICICI bank declined by 0.33%. VSNL grew by 1.49% while MTNL declined by 0.13%. In automobile sector, Tata Motors declined by 2.62%. In Pharma sector, Dr Reddy''s lab gained 0.67%.

The major stock markets in Asia are trading in positive. Japan''s Nikkei trading higher by 105.10 points at 17,661.97. Straits Times gained 24.97 points to trade at 3,539.46. Taiwan weighted trading at 8,193.66 up by 52.07 points.

Today, Nifty has support at 4,200 and resistance at 4,300 and BSE Sensex has support at 14,210 and resistance at 14,550.

Post session Market Commentary

The BSE Sensex closed the session with a positive note as it closed up by 115.19 points at 14,418.60 while Nifty closed higher by 46.4 points at 4,260.90. Of the 2,663 stocks actively traded on BSE, 1,395 stocks advanced while 1,194 stocks declined. The BSE Mid cap and Small cap closed higher by 39.74 points and 73.85 points at 6,129.69 and 7,294.15 respectively.

BSE Capital goods index closed higher by 39.57 points at 10197.01 as BHEL (0.59%), Siemens (0.25%) and L&T (0.51%) closed in green while ABB (0.42%) ended in red.

BSE Metal index closed at 10494.47 up by 252.46 points as Tata Steel (5.39%), SAIL (4.25%) and Hindalco (0.58%) ended in green while NALCO (2.73%) ended in red.

BSE bank index closed higher by 76.74 points at 7,680.71 as HDFC bank (2.89%), PNB (1.76%) and SBI (1.59%) ended in green while ICICI bank (1.14%) ended in red.

BSE Auto Index closed lower by 23.62 points at 4,886.84 as Tata motors (2.43%), Bajaj (1.68%) and M&M (0.11%) closed in red while Maruti Udyog (1.58%) closed in green.

BSE Health Care Index closed at 3,761.01 up by 27.40 points as Glaxosmithkline (1.26%), Ranbaxy (0.52%) closed in green while Dr. Reddy lab (1.11%) and Cipla (0.60%) closed in red.

BSE oil & gas index closed in positive territory at 7,834.68 grew by 231.60 points as BPCL (4.11%), IPCL (3.37%), Reliance petroleum (3.09%) and HPCL (1.53%) closed in green.

BSE IT index closed at 4,867.32 down by 55.79 points as Wipro (1.69%), Satyam (1.56%), HCL (1.30%) and TCS (1.17%) and Infosys (1.07%) closed lower.

BSE FMCG index closed higher by 37.66 points at 1,910.74 as Dabur (1.68%) and ITC (2.40%) closed in green.

Mid Day market Commentary

The market is still trading in positive but slipped off from the day''s high as some selling was seen in the selective scrips. The overall market breadth is positive as 1438 stocks are advancing while 927 stocks are declining on BSE.

At 12.30 pm, BSE sensex was at 14412.86 up by 109.45 points and Nifty was at 4250.80 up by 36.3 points. The BSE mid cap and small cap are trading higher by 42.19 points and 75.49 points to 6132.14 and 7295.79 respectively.

BSE Metal index advanced 147.07 points to trade at 10389.08 as Tata Steel (2.6%), SAIL (1.51%) and Hindalco (0.54%) are trading higher whereas NALCO (0.76%) is trading lower.

BSE Banks index surged 118.21 points to trade at 7722.18 as HDFC Bank (3.1%), PNB (2%) and SBI (1.47%) are trading higher while ICICI Bank (0.58%) is trading lower.

BSE Oil & gas index was trading 116.37 points up at 7719.45 as RPL (2.49%), IPCL (1.96%), ONGC (1.73%) and BPCL (0.55%) are trading in green whereas GAIL (0.33%) and HPCL (0.28%) are trading in red.

BSE Capital goods index was trading 54.17 points up at 10211.61 as BHEL (0.52%), L&T (0.3%) and Siemens (0.28%) are trading in green.

BSE Health Care index inclined 37.66 points to trade at 3771.27 as Sun Pharma (3.58%), GSK (2.01%), Dr. Reddy (0.78%), Ranbaxy (0.71%) and Cipla (0.14%) are trading positive.

BSE FMCG index inclined 29.33 points to trade at 1902.41 as Dabur (2.05%), ITC (1.92%) and HLL (0.34%) are trading in green.

BSE Auto index dropped 11.59 points to trade at 4898.87 as Tata Motors (2.29%), M&M (0.94%) and Bajaj (0.15%) are trading negative.

BSE IT index slipped 42.03 points to trade at 4881.08 as HCL (2.39%), Satyam (1.57%), TCS (1.19%), Infosys (0.9%) and Wipro (0.88%) are trading in red.

Pre Open Market Commentary

The Indian market is likely to have flat opening. The Asian market is trading higher and US market closed in positive territory. On Friday, the Indian markets ended mixed as BSE Sensex closed higher by 3.70 points at 14,303.41 while Nifty closed lower by 5.05 points at 4,214.50. We expect the market to remain range bound during the day.

Friday, the US markets closed in green territory. The Dow Jones Industrial Average (DJI) surged by 79.81 points to close at 13,556.53. The S&P 500 (SPX) index closed higher by 10 points at 1,522.75 while the NASDAQ Composite (RIXF) closed up by 19.07 points at 2,558.45.

Indian ADRs closed in mixed. In technology sector, Satyam closed up by 0.91% along with Patni computers by 0.19% while Infosys and Wipro declined by 1.39% and 0.18% respectively. In banking sector, ICICI bank and HDFC bank grew by 1.40% and 0.97% respectively. VSNL and MTNL declined by 1.03% and 0.93% respectively. In automobile sector, Tata Motors advanced by 0.72%. In Pharma sector, Dr Reddy''s lab gained 1.17%.

The major stock markets in Asia are trading in positive. Japan''s Nikkei trading higher by 97.58 points at 17,497.16. Straits Times gained 6.45 points to trade at 3,518.85. Taiwan weighted trading at 8,098.18 up by 64.04 points.

Today, Nifty has support at 4,140 and resistance at 4,255 and BSE Sensex has support at 14,050 and resistance at 14,480.

Post Session Market Commentary

The BSE Sensex closed marginally up by 3.70 points at 14,303.41 while Nifty closed lower by 5.05 points at 4,214.50. Of the 2,667 stocks actively traded on BSE, 1,490 stocks declined while 1,105 stocks advanced. The BSE Mid cap and Small cap closed higher by 1.16 points and 7.74 points at 6,089.95 and 7,220.30 respectively.

BSE Capital goods index closed higher by 21.52 points at 10,157.44 as ABB (0.80%), Siemens (0.65%) and L&T (0.28%) closed in green while BHEL (0.16%) ended in red.

BSE Metal index closed at 10,242.01 down by 122.82 points as Hindalco (1.51%), SAIL (1.10%), Tata Steel (1.01%)and NALCO (0.93%) ended in red.

BSE bank index closed higher by 65.72 points at 7,603.97 as HDFC bank (3.45%) and ICICI bank (1.60%) closed in green while PNB (1.57%) and SBI (0.18%) ended in red.

BSE Auto Index closed lower by 93.22 points at 4,910.46 as Bajaj (8.54%), Tata motors (1.07%), Maruti Udyog (0.94%) and M&M (0.54%) closed in red.

BSE Health Care Index closed at 3,733.61 up by 1.23 points as Ranbaxy (0.49%) and Cipla (0.38%) closed in green while Dr. Reddy lab (1.79%) closed in red.

BSE oil & gas index closed in positive territory at 7,603.08 up by 23.38 points as HPCL (1.75%), Reliance petroleum (1.71%) and BPCL (0.96%) closed in red while IPCL (1.10%) ended in green.

BSE IT index closed at 4,923.11 up by 8.69 points as HCL (2.01%) and TCS (0.26%) closed higher while Patni Computers (0.14%) and Wipro (0.16%) closed lower.

BSE FMCG index closed higher by 14.40 points at 1,873.08 as Dabur (3.82%) and ITC (1.18%) closed in green while HLL (0.79%) closed in red.

Mid Day Market Commentary

The market slipped into red as selling continued in the selective scrips. The overall market breadth is negative as 1019 stocks are advancing while 1302 stocks are declining on BSE.

At 12.30 pm, BSE sensex was at 14258.9 down by 40.81 points and Nifty was at 4203.80 down by 15.75 points. The BSE mid cap and small cap are trading lower by 4.52 points and 0.59 points to 6084.26 and 7211.97 respectively.

BSE IT index advanced 39.26 points to trade at 4953.68 as HCL (1.23%), TCS (0.96%), Infosys (0.73%) and Satyam (0.65%) are trading in green.

BSE Banks index surged 34.89 points to trade at 7573.14 as HDFC Bank (1.48%) and ICICI Bank (0.86%) are trading higher while SBI(0.84%) and PNB (0.7%) are trading lower.

BSE FMCG index inclined 17.63 points to trade at 1876.31 as Dabur (1.74%) and ITC (1.15%) are trading in green while HLL (0.85%) id trading in red.

BSE Oil & gas index was trading 11.29 points up at 7590.99 as IPCL (0.62%) and ONGC (038%) are trading in green whereas HPCL (2.28%0, BPCL (1.83%) and RPL (1.07%) are trading in red.

BSE Health Care index inclined 2.65 points to trade at 3735.03 as Ranbaxy (0.85%) and Cipla (0.5%)are trading positive while Dr. Reddy (1.69%) and Sun Pharma (0.91%) are trading negative.

BSE Metal index slipped 125.51 points to trade at 10239.32 as Tata Steel (1.94%), Hindalco (1.11%), NALCO (0.81%) and SAIL (0.53%) are trading lower.BSE Auto index dropped 71.97 points to trade at 4931.71 as Baja Auto (8.75%) and Tata Motors (0.55%) are trading negative whereas Hero Honda (0.77%) and Maruti Udyog (0.15%) are trading positive.

BSE Capital goods index was trading 9.02 points down at 10126.90 as BHEL (0.59%) and L&T (0.26%) are trading in red while ABB (0.96%) and Siemens (0.39%) are trading in green.

Pre Open Market Commentary

The Indian market is likely to have flat opening with negative bias, as the Asian market is trading lower and US market closed in red. On Thursday, the Indian markets ended on a positive inspiring note as BSE Sensex closed higher by 172.40 points at 14,299.71 while Nifty closed up by 48.6 points at 4,219.55. We expect the market to trade on the back foot.

Thursday, the US markets closed in red territory. The Dow Jones Industrial Average (DJI) plunged by 10.81 points to close at 13,476.72. The S&P 500 (SPX) index closed lower by 1.39 points at 1,512.75 while the NASDAQ Composite (RIXF) closed at 2,539.38 down by 8.04 points.

Indian ADRs closed mixed. In technology sector, Patni computers surged by 3.45% followed by Wipro closed up by 0.72% while Satyam closed lower by 0.90% and Infosys by 0.60%. In banking sector, HDFC bank grew by 1.51% while ICICI bank declined by 0.99%. VSNL advanced by 1.54% while MTNL declined by 0.40%. In automobile sector, Tata Motors fell by 0.11%.

The major stock markets in Asia are trading in red. Japan''s Nikkei trading lower by 31.89 points at 17,466.71 while Hang Seng plunged by 150.09 points to trade at 20,844.52. Straits Times declined by 24.95 points to trade at 3,500.56. Taiwan weighted trading at 8,050.40 down by 12.44 points.

Today, Nifty has support at 4,140 and resistance at 4,255 and BSE Sensex has support at 14,050 and resistance at 14,420.

Post Session Market Commentary

The BSE Sensex closed the session with a positive inspiring note as it surged by 172.40 points to close at 14,299.71 while Nifty closed higher by 48.6 points at 4,219.55. Of the 2,685 stocks actively traded on BSE, 1,272 stocks advanced while 1,337 stocks declined. The BSE Mid cap and Small cap closed higher by 47.46 points and 6.60 points at 6,088.79 and 7,212.56 respectively.

BSE Capital goods index closed higher by 52.99 points at 10,135.92 as BHEL (1.15%), L&T (0.62%) and ABB (0.59%) ended in green while Siemens (1.01%) ended in red.

BSE Metal index closed at 10364.83 up by 39.57 points as Tata Steel (1.51%), SAIL (0.29%) and Hindalco (0.10%) closed in green while NALCO (1.56%) ended in red.

BSE bank index closed higher by 124.93 points at 7538.25 as SBI (3.40%), ICICI bank (1.81%), PNB (0.44%) and HDFC bank (0.23%) ended in green.

BSE Auto Index closed lower by 41.42 points at 5003.68 as Bajaj (6.71%) closed in red while Tata motors (2.16%), Maruti Udyog (1.60%) and M&M (1.12%) closed in green.

BSE Health Care Index closed at 3,732.38 up by 10.45 points as Dr. Reddy lab (2.19%), Sun Pharma (0.25%) and Ranbaxy (0.20%) closed higher while GSK (1.83%) and Cipla (0.67%) closed lower.

BSE oil & gas index closed in positive territory at 7,579.70 surged by 178.14 points as HPCL (3.35%), BPCL (3.24%), IPCL (2.97%), Reliance petroleum (2.07%) and ONGC (1.02%) ended in green.

BSE IT index closed at 4,914.42 grew by 67.35 points as Patni Computers (7.98%), HCL (2.71%), TCS (1.95%), Infosys (1.62%) and Wipro (0.94%) closed in positive.

BSE FMCG index closed higher by 20 points at 1,858.68 as Dabur (1.67%) and ITC (1.20%) closed in green while HLL (1.14%) closed in red.

Mid Day Market Commentary

The market after a smart gap up opening now remains range bound and trading higher. The overall market breadth is strong as 1415 stocks are advancing while 955 stocks are declining and 80 stocks remaining unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,335.47 up by 208.16 points and Nifty was at 4,222.95 up by 52 points. The BSE mid cap and small cap are trading higher by 58.75 points and 50.92 points to 6,100.08 and 7,256.88 respectively.

BSE Banks index surged 145.01 points to trade at 7,558.33 as SBI (3.33%), ICICI Bank (2.22%), HDFC Bank (1.4%) and PNB (1.36%) are trading higher.

BSE Oil & gas index was trading 112.10 points up at 7,513.66 as HPCL (2.41%), BPCL (2.01%), IPCL (1.72%) and ONGC (1.32%) are trading in green.

BSE Capital goods index was trading 101.91 points up at 10,184.84 as BHEL (2.15%), L&T (0.95%) and ABB (0.31%) are trading in green.

BSE Metal index grew 80.53 points to trade at 10,405.79 as Tata Steel (2.05%), SAIL (0.64%) are trading higher while NALCO (1.21%) and Hindalco (0.2%) are trading lower.

BSE IT index advanced 65.81 points to trade at 4,912.88 as TCS (1.47%), Infosys (1.43%), HCL (1.01%), Satyam (0.75%) and Wipro (0.73%) are trading in green.

BSE FMCG index inclined 26.43 points to trade at 1,865.11 as Dabur (2.22%), ITC (1.38%) and HLL (0.35%) are trading in green.

BSE Auto index grew 19.14 points to trade at 5,064.24 as Maruti Udyog (1.6%), Tata Motors (1.1%) and Hero Honda (0.75%)are trading positive whereas Bajaj Auto (0.91%) is trading negative.

BSE Health Care index inclined 15.31 points to trade at 3,737.24 as Dr. Reddy (2.38%) and Ranbaxy (0.21%) are trading positive while GSK (1.4%) and Sun Pharma (0.54%) are trading negative.

Pre Open Market Commentary

The Indian market is likely to have positive opening as the Asian market is trading higher and US market closed in positive territory. On Wednesday, the Indian markets ended on a positive inspiring note as BSE Sensex closed higher by 197.98 points at 14,127.31 while Nifty closed up by 50.65 points at 4,170.95. We expect the market to be range bound during the trading session.

Wednesday, the US markets closed in green territory. The Dow Jones Industrial Average (DJI) surged by 103.69 points to close at 13,487.53. The S&P 500 (SPX) index closed higher by 12.95 points at 1,514.14 while the NASDAQ Composite (RIXF) closed up by 22.13 points at 2,547.42.

Indian ADRs closed in positive zone. In technology sector, Wipro closed up by 1.66% along with Patni computers by 1.06%, Satyam by 0.57% and Infosys by 0.23%. In banking sector, ICICI bank and HDFC bank surged by 7.03% and 4.84% respectively.

MTNL and VSNL grew by 3.13% and 1.19% respectively. In automobile sector, Tata Motors advanced by 3.65%. In Pharma sector, Dr Reddy''s lab gained by 3.05%.

The major stock markets in Asia are trading in positive territory. Japan''s Nikkei trading higher by 92.33 points at 17,621.33 while Hang Seng trading up by 85.52 points at 21,022.78. Straits Times gained by 13.17 points to trade at 3,514.34. Taiwan weighted trading at 8,065.80 up by 77.23 points.

Today, Nifty has support at 4,120 and resistance at 4,220 and BSE Sensex has support at 13,900 and resistance at 14,250.

Post Session Market Commentary

The BSE Sensex closed the session on an inspiring note as it surged by 197.98 points to close at 14,127.31 while Nifty closed higher by 50.65 points at 4,170.95. Of the 2,679 stocks actively traded on BSE, 1,626 stocks advanced while 987 stocks declined. The BSE Mid cap and Small cap closed higher by 85.98 points and 103.08 points at 6,041.33 and 7,205.96 respectively.

BSE Capital goods index closed higher by 148.87 points at 10082.93 as BHEL (3.02%), L&T (2.29%), ABB (0.66%) and Siemens (0.44%) ended in green.

BSE Metal index closed at 10325.26 up by 70.93 points as Hindalco (2.51%), NALCO (2.26%) and SAIL (1.85%) closed in green while Tata Steel (0.53%) ended in red.

BSE bank index closed higher by 222.32 points at 7413.32 as SBI (4.71%), ICICI bank (3.61%), HDFC bank (2.35%) and PNB (1.80%) ended in green.

BSE Auto Index closed higher by 48.12 points at 5,045.10 as Tata motors (2.84%), Bajaj (1.70%) and M&M (0.57%) closed in green while Hero Honda (2.79%) and Maruti Udyog (0.47%) closed in red.

BSE Health Care Index closed at 3,721.93 up by 8.37 points as Dr. Reddy lab (0.90%), GSK (0.76%) and Sun Pharma (0.53%) closed higher while Cipla (0.76%) and Ranbaxy (0.29%) closed lower.

BSE oil & gas index closed in positive territory at 7,401.56 up by 110.78 points as ONGC (1.06%) and IPCL (1.94%) ended in green while HPCL (2.09%) and BPCL (1.78%) closed in red.

BSE IT index closed at 4,847.07 down by 26.12 points as Infosys (1.06%), TCS (0.99%) and Patni Computers (0.72%) closed in negative while HCL (2.54%) and Wipro (1.05%) closed in positive.

BSE FMCG index closed higher by 20.96 points at 1,838.68 as HLL (2.18%) and ITC (0.71%) ended in green while Dabur (0.44%) closed in red.

Mid Day Market Commentary

The market still maintained its momentum and trading in positive zone. The overall market breadth is strong as about 1597 stocks advanced while 782 stocks declined and 76 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 13998.38 up by 69.05 points and Nifty was at 4134.80 up by 14.5 points. The BSE mid cap and small cap are trading higher by 63.10 points and 102.42 points to 6018.45 and 7205.30 respectively.

BSE Banks index surged 144.52 points to trade at 7335.52 as HDFC Bank (2.86%), SBI (2.85%) and ICICI Bank (1.76%) are trading higher while PNB (0.35%) is trading lower.

BSE Metal index grew 58.11 points to trade at 10312.44 as Hindalco (1.24%), NALCO (1.2%) and SAIL (0.65%) are trading higher while Tata Steel (0.38%) is trading lower.

BSE Capital goods index was trading 47.23 points up at 9981.29 as BHEL (1.79%) and L&T (0.21%) are trading in green while Siemens (0.38%) and ABB (0.25%) are trading in red.

BSE Oil & gas index was trading 24.64 points up at 7315.42 as IPCL (0.25%) and ONGC (0.16%) are trading in green while BPCL (2.39%) and HPCL (2.25%) are trading in red.

BSE Auto index grew 25.66 points to trade at 5022.64 as Tata Motors (0.95%), Bajaj Auto (0.69%) and M&M (0.45%)are trading positive whereas Hero Honda (2.6%) and Maruti (0.12%) are trading negative.

BSE IT index dropped 29.47 points to trade at 4843.72 as TCS (1.35%), Infosys (0.87%), Satyam (0.48%) and Wipro (0.28%) are trading in red.

BSE Health Care index inclined 14.54 points to trade at 3728.10 as Sun Pharma (0.93%), Dr. Reddy (0.89%), Cipla (0.36%) are trading positive while GSK (0.29%) is trading negative.

BSE FMCG index inclined 14.32 points to trade at 1832.04 as HLL (1.45%) is trading in green whereas Dabur (0.28%) and ITC (0.09%) are trading in red.

Pre Open Market Commentary

Indian market is likely to have flat opening as the market is looking for a cue to get a clear direction. The Asian market is trading lower and US market closed mixed. On Tuesday, the Indian markets ended on a negative note as BSE Sensex declined by 36.53 points to close at 13,929.33 while Nifty closed lower by 14 points at 4,120.34. We expect the market to remain range bound during the trading session.

Tuesday, the US markets closed mixed. The Dow Jones Industrial Average (DJI) grew by 37.06 points to close at 13,383.84. The S&P 500 (SPX) index closed marginally lower by 1.96 points at 1,501.19 while the NASDAQ Composite (RIXF) declined by 21.15 points to close at 2,525.29.

Indian ADRs closed mixed. In technology sector, Patni computers slipped by 0.81% along with Infosys 0.27%, Wipro 0.18% and Satyam 0.08%. In banking sector, ICICI bank and HDFC grew by 1.78% and 0.16% respectively. MTNL and VSNL slipped by 0.54% and 0.46% respectively. In automobile sector, Tata Motors grew by 0.23%.

The major stock markets in Asia are trading mixed. Japan''s Nikkei plunged 40.40 points to trade at 17,472.58 while Hang Seng trading lower by 24.10 points at 20,844.05. Straits Times trading flat at 3,474.19. Taiwan weighted trading up by 10.82 points at 7,985.85.

Today, Nifty has support at 4,050 and resistance at 4,170 and BSE Sensex has support at 13,790 and resistance at 14,100.

Post Session Market Commentary

The BSE Sensex closed the session with a decline of 36.53 points at 13,929.33 while Nifty closed lower by 14 points at 4,120.34. Of the 2,679 stocks actively traded on BSE, 1,330 stocks advanced while 1,269 stocks declined. The BSE Mid cap closed higher by 14.26 points at 5,955.35 while Small cap grew by 23.05 points to settle at 7,102.88 respectively.

BSE Capital goods index closed lower by 48.47 points at 9,934.06 as ABB (1.44%) ended in red while BHEL 2.54% and Siemens 1.38% ended in green.

BSE Metal index closed at 10,254.33 down by 7.70 points as NALCO (1.98%) and Hindalco (0.99%) closed in red while SAIL 0.33% and Tata Steel 0.10% closed in green.

BSE bank index closed higher by 116.77 points at 7,191 as PNB 2.10%, ICICI bank 1.96%, SBI 1.73% and HDFC bank 1.43% ended in green.

BSE Auto Index closed lower by 24.10 points at 4,996.98 as M&M (1.78%), Bajaj (1.23%) closed in red while Hero Honda 1.12% and Maruti Udyog 0.30% closed in green.

BSE Health Care Index closed at 3,713.56 marginally up by 2.70 points as Sun Pharma 1.57%, Dr. Reddy lab 0.95% and Cipla 0.14% closed higher while GSK (1.43%) ended lower.

BSE oil & gas index closed in negative by 63.89 points at 7,290.78 as ONGC (1.80%) and IPCL (0.64%) ended in red while HPCL 4.59% and BPCL 2.28% closed in green.

BSE IT index closed at 4,873.19 down by 66.21 points as Satyam (2%), Wipro (1.80%), Infosys (1.48%) and TCS (1.02%) closed in red.

BSE FMCG index closed higher by 5.12 points at 1,817.72 as Dabur0.56% and HLL 0.55% ended in positive.

Mid Day market Commentary

The market now slips into red, as some profit booking was seen in the selective scrips. But buying was spread over the mid cap and small cap indices. The overall market breadth is positive as about 1277 stocks advanced while 1137 stocks declined and 81 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 13925.17 down by 40.69 points and Nifty was at 4114.85 down by 19.45 points. The BSE mid cap and small cap are trading higher by 18.55 points and 20.49 points to 5959.64 and 7100.32 respectively.

BSE Banks index grew 69.78 points to trade at 7144.01 as PNB (1.9%), ICICI Bank (1.32%), SBI (0.67%) and HDFC Bank (0.35%) are trading higher.

BSE Metal index grew 13.27 points to trade at 10275.30 as SAIL (0.73%) and Tata Steel (0.34%) are trading higher while NALCO (0.91%) and Hindalco (0.14%) are trading lower.

BSE Health Care index inclined 24.10 points to trade at 3734.96 as Sun Pharma (1.63%), Ranbaxy (1.11%) and Dr. Reddy (0.52%) are trading in positive.

BSE FMCG index inclined 2.67 points to trade at 1815.27 as Dabur (0.61%) and HLL (0.18%) are trading in green whereas ITC (0.06%) is trading in red.

BSE IT index dropped 50.15 points to trade at 4889.25 as Satyam (1.86%), TCS (1.8%), Wipro (1.31%), Infosys (1.26%) and HCL (0.86%) are trading in red.

BSE Capital goods index was trading 26.17 points down at Rs.9956.36 as ABB (0.35%), Siemens (0.25%) and L&T (0.19%) are trading in red while BHEL (2.16%) is trading in green.

BSE Oil & gas index was trading 14.60 points down at 7340.07 as ONGC (0.48%) and IPCL (0.05%) are trading in red while HPCL (1.91%) and BPCL (0.89%) are trading in green.

BSE Auto index slipped 4.99 points to trade at 5016.09 as M&M (1.46%) and Bajaj Auto (0.53%) are trading positive whereas Hero Honda (0.72%) and Tata Motors (0.11%) are trading negative territory.

Pre Open Market Commentary

Indian market is likely to have flat opening with negative bias, as the Asian market is trading lower and US market closed mixed. On Monday, the Indian markets ended on a positive note as BSE Sensex grew 169.70 points to close at 13,965.86 while Nifty gained 57.65 points to close at 4,134.30. We expect the market to remain range bound during the trading session.

Monday, the US markets closed mixed. The Dow Jones Industrial Average (DJI) grew by 20.56 points to close at 13,346.78. The S&P 500 (SPX) index closed lower by 2.70 points at 1,503.15 while the NASDAQ Composite (RIXF) declined by 15.78 points to close at 2,546.44.

Indian ADRs ended mixed. In technology sector, Wipro 1.51% along with Infosys by 1.13%, Satyam 0.97% and Patni computers 0.84%. In banking sector, ICICI bank gained 4.24% whereas HDFC bank dropped 0.96%. VSNL grew 0.18%. In automobile sector, Tata Motors fell 0.79%.

The major stock markets in Asia are trading in negative territory. Hang Seng trading lower by 28.15 points at 20,951.09. Straits Times declined at 3,493.13 down by 7.97 points. Taiwan weighted plunged by 23.41 points to trade at 8,007.15.

Today, Nifty has support at 4,070 and resistance at 4,180 and BSE Sensex has support at 13,720 and resistance at 14,110.

Post Session Market Commentary

The BSE Sensex closed the session with a gain of 169.70 points at 13,965.86 while Nifty closed higher by 57.65 points at 4,134.30. Of the 2642 stocks actively traded on BSE, 1,645 advanced while 909 declined. The BSE Mid cap closed higher by 89.82 points at 5,941.09 while Small cap grew by 95.43 points to settle at 7,079.83 respectively.

BSE Capital goods index closed at 9982.53 surged by 111 points as ABB 1.67% and BHEL 1.11% ended in green while Siemens (0.17%) ended in red.

BSE Metal index inclined by 196.27 points at 10262.03 as Tata Steel 3.86%, SAIL 1.48% and Hindalco 1.45% are closed in green while NALCO (1.91%) ended in red.

BSE bank index closed up by 169.13 points at 7074.23 as SBI 4.92%, PNB 4.35% and ICICI bank 2.53% ended in green while HDFC bank (0.19%) ended in red.

BSE Auto Index closed lower by 1.79 points at 5,021.08 as Bajaj (1.86%) and Tata Motors (0.20%) ended in red while Maruti Udyog (1.07%) and M&M (1.09%) closed in green.

BSE Health Care Index closed at 3,710.86 up by 30.95 points as Cipla (3%), GSK (3.81%), Sun Pharma (1.21%) and Ranbaxy (1.04%) ended in green while Dr. Reddy lab (4.71%) ended in red.

BSE oil & gas index closed higher by 166 points at 7,354.67 as Reliance petroleum (6.37%), GAIL (3.34%), BPCL (2.45%), IPCL (1.16%) and HPCL (0.59%) closed in green.

BSE IT index closed at 4,939 .40 up by 15.28 points as Satyam (1.55%) and TCS (0.27%) closed in green while Wipro (0.33%) closed in red.

BSE FMCG index closed in green by 13.74 points at 1,812.60 as HLL (3.56%) ended in positive while Dabur (3.23%) closed in negative.

Mid Day Market Commentary

The market is trading higher. The overall market breadth is positive as around 1609 stocks advanced while 725 stocks declined and 62 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 13963.47 up by 167.31 points and Nifty was at 4135.50 up by 58.95 points. The BSE mid cap and small cap are trading higher by 80.58 points and 99.03 points to 5931.85 and 7083.43 respectively.

BSE Banks index grew 154.17 points to trade at 7059.27 as PNB (4.34%), SBI (4.22%), ICICI Bank (2.04%) and HDFC Bank (1.67%) are trading higher.

BSE Capital goods index was trading 124.09 points up at Rs.9995.62 as BHEL (1.15%), Siemens (1.1%), L&T (1%) and ABB (0.51%) are trading in green.

BSE Metal index grew 114.09 points to trade at 10179.85 as Tata Steel (2.09%), Hindalco (1%), SAIL (0.44%) and NALCO (0.19%) are trading positive.

BSE Oil & gas index was trading 111.19 points up at 7299.86 as RPL (5.73%), GAIL (3.29%), BPCL (2.77%), HPCL (2.67%) and ONGC (2.24%) are trading higher.

BSE FMCG index inclined 22.68 points to trade at 1821.54 as HLL (3.37%), ITC (0.83%) and Dabur (0.11%) are trading in green.

BSE Health Care index inclined 21.30 points to trade at 3701.21 as Cipla (2.71%), GSK (1.97%), Sun Pharma (1.39%) and Ranbaxy (1.38%) are trading in positive.

BSE IT index grew 9.71 points to trade at 4933.83 as Satyam (1.12%), Wipro (1.11%) and TCS (0.14%) are trading in green .BSE Auto index inclined 0.61 points to trade at 5023.48 as Maruti Udyog (1.09%), M&M (0.72%) and Tata Motors (0.4%) are trading in positive

Pre Open market Commentary

Indian market is likely to have a positive opening as the Asian market is trading higher and US market closed in a green territory. On Friday, the Indian markets ended on a positive note as BSE Sensex grew by 24.93 points to close at 13,796.16 while Nifty gained 19.5 points to close at 4,085.90. We expect the market to trade in green during the day.

Friday, the US markets closed in green. The Dow Jones Industrial Average (DJI) inclined by 111.09 points to close at 13,326.22. The S&P 500 (SPX) index closed higher by 14.38 points at 1,505.85 while the NASDAQ Composite (RIXF) grew by 28.48 points to close at 2,562.22.

Indian ADRs ended in positive territory. In technology sector, Satyam closed higher by 2.67% along with Wipro 1.79%, Infosys 1.60% and Patni computers 1.21%. In banking sector, ICICI bank and HDFC bank gained 3.02% and 2.19% respectively. MTNL and VSNL grew by 4.08% and 1.63% respectively. In automobile sector, Tata Motors advanced by 1.79%.

The major stock markets in Asia are trading in positive territory. Japan''s Nikkei advanced by 187.02 points to trade at 17,740.74 while Hang Seng surged by 491.89 points to trade at 20,960.10. Straits Times trading higher at 3,500.76 up by 53.84 points. Taiwan weighted grew by 18.72 points to trade at 8,050.26.

Post Session Market Commentary

The BSE Sensex closed the session with a gain of 24.93 points at 13,796.16 while Nifty closed higher by 19.5 points at 4,085.90. Of the 2625 stocks actively traded on BSE, 1,282 declined while 1,266 advanced. The BSE Mid cap closed higher by 35.15 points at 5,851.27 while Small cap grew by 32.91 points to settle at 6,984.40 respectively.

BSE Capital goods index closed at 9,871.53 marginally down by 2.15 points as BHEL (0.12%) ended in red while Siemens 1.18% and ABB 0.66% ended in green.

BSE Metal index declined by 40.99 points at 10,065.76 as Hindalco (1.40%) and Tata Steel (1.25%) closed in negative while SAIL 0.56% closed in green.

BSE bank index closed up by 41.20 points at 6,905.10 as SBI 2.29%, PNB 1.48% and ICICI bank 0.73% ended in green while HDFC bank (0.92%) ended in red.

BSE Auto Index closed higher by 25.54 points at 5,022.87 as Bajaj 4.20% and Tata Motors 0.14% ended in green while M&M (3.03%) ended in red.

BSE Health Care Index closed at 3,679.91 down by 17.32 points as Sun Pharma (1.82%), Cipla (1.44%) and Dr. Reddy lab (0.91%) ended in red while Ranbaxy 1.26% and GSK 0.18% ended in green.

BSE oil & gas index closed higher by 32.29 points at 7,188.67 as Reliance petroleum 7.74% IPCL 0.67% and BPCL 0.61% ended in green while HPCL (0.38%) and GAIL (0.18%) closed in red.

BSE IT index closed at 4,878.17up by 45.95 points as HCL Tech. 1.66%, Infosys 1.40% closed higher while Wipro (1.17%) and Satyam (0.39)% closed in red.

BSE FMCG index closed lower by 20.53 points at 1,798.86 as HLL (2.39%), ITC (0.86%) and Dabur (0.85%) closed in red

Mid Day Market Commentary

The market has moved up a bit and is trading with modest gains as some buying was seen in the selective scrips led by Banking and IT. The overall market breadth is positive. The BSE mid cap and small cap are trading higher by 30.38 points and 38.61 points to 5846.50 and 6990.10 respectively.

At 12.30 pm, BSE sensex was at 13821.99 up by 50.76 points and Nifty was at 4080.80 up by 14 points. About 1209 stocks advanced while 977stocks declined and 83 stocks remained unchanged on BSE.

BSE IT index grew 45.63 points to trade at 4923.80 as Infosys (2.17%), HCL (1.71%) and TCS (1.28%) are trading in green while Wipro (0.74%) is trading in red.

BSE Banks index grew 34.44 points to trade at 6898.34 as PNB (1.12%), SBI (0.85%) and ICICI Bank (0.72%) are trading higher whereas HDFC Bank (1.43%) is trading lower.

BSE Oil & gas index was trading 10.91 points up at 7167.29 as RPL (5.36%), IPCL (0.77%), HPCL (0.26%) and GAIL (0.14%) are trading higher.

BSE Auto index inclined 3.39 points to trade at 5000.72 as Bajaj Auto (3.58%) and Maruti (0.12%) are trading in positive whereas M&M (2.73%) and Hero Honda (1.27%) are trading in negative.

BSE Metal index dropped 36.27 points to trade at 10070.48 as Tata Steel (0.81%), Hindalco (0.34%) and NALCO (0.29%) are trading lower whereas SAIL (0.67%) is trading higher.

BSE FMCG index slipped 22.49 points to trade at 1796.90 as HLL (1.42%), ITC (1.22%) and Dabur (0.21%) are trading in red.

BSE Health Care index dropped 21.98 points to trade at 3675.25 as Cipla (1.47%), Sun Pharma (1.37%), Dr. Reddy (0.82%) and GSK (0.2%) are trading lower.

BSE Capital goods index declined 17.58 points to trade at 9856.10 as L&T (0.26%) and ABB (0.13%) are trading in red while Siemens (0.75%) and BHEL (0.11%) are trading in green

Pre Open Market Commentary

Indian market is likely to have a negative opening, as the Asian market is trading lower and US market closed in negative territory. On Thursday, the Indian markets ended on a negative note as BSE Sensex declined by 10.28 points to close at 13,771.23 while Nifty dropped by 12.5 points to close at 4,066.80. We expect the market to remain cautious during the trading session.

Thursday, the US markets closed in negative. The Dow Jones Industrial Average (DJI) declined by 147.74 points at 13,215.13. The S&P 500 (SPX) index closed lower by 21.11 points at 1,491.47 while the NASDAQ Composite (RIXF) slipped by 42.60 points at 2,533.74.

Indian ADRs ended in negative territory. In technology sector, Wipro closed lower by 2.81% followed by Patni computers 2.79%, Infosys 1.54% and Satyam 1.03%. In banking sector, ICICI bank and HDFC bank declined by 3.21% and 1.90% respectively. MTNL and VSNL dropped by 3.92% and 1.60% respectively. In automobile sector, Tata Motors slipped by 2.97%.

The major stock markets in Asia are trading in negative territory. Japan''s Nikkei fell drastically by 243.63 points at 17,493.33 while Hang Seng plunged 285.07 points to trade at 20,461.20. Straits Times trading lower at 3,440.59 down by 28.67 points. Taiwan weighted slipped by 57.26 points to trade at 8,039.60.

Today, Nifty has support at 3,960 and resistance at 4,100 and BSE Sensex has support at 13,470 and resistance at 13,900.

Post Session market Commentary

The BSE Sensex closed the session with a decline of 10.28 points at 13,771.23 while Nifty down by 12.5 points to close at 4,066.80. Of the 2634 stocks actively traded on BSE, 1,328 declined while 1,238 advanced. The BSE Mid cap closed higher by 23.97 points at 5,816.12 while Small cap grew by 32.89 points to settle at 6,951.49.

BSE Capital goods index closed at 9,873.68 down by 71.61 points as Siemens (2.78%) BHEL (0.52%) ended in red while ABB (0.22%) ended in green.

BSE Metal index surged by 139.86 points at 10,106.75 as Tata Steel (2.50%), Hindalco (1.52%), SAIL (0.67%) and NALCO (0.12%) closed in green.

BSE bank index up by 12.55 points to close at 6,863.90 as HDFC bank (1.60%) ended in green while ICICI bank (0.79%) and PNB (0.66%) ended in red.

BSE Auto Index closed lower by 9.73 points at 4997.33 as M&M (1.79%), Tata Motors (1.24%) and Maruti Udyog (1.02%) ended in red while Bajaj Auto (1.74%) ended in green.

BSE Health Care Index closed at 3,697.23 down by 3.33 points as GSK (1.52%) ended in green while Ranbaxy (1.84%) closed in red.

BSE oil & gas index closed lower by 74.31 points at 7,156.38 as IPCL (1.31%), GAIL (0.78%) ended in negative territory, while BPCL (1.34%), Reliance petroleum (0.88%) and HPCL (0.65%) closed in green.

BSE IT index closed at 4,878.17 down by 9.45 points as HCL Tech. (0.41%), Infosys (0.41%) and Wipro (0.46%) closed in red while Satyam (0.75)% closed in green.

BSE FMCG index closed higher by 15.39 points at 1,819.39 as ITC (1.71%) closed in green while Dabur (0.58%) and HLL (0.55%) closed in red.

Mid Day Market Commentary

The market continued to trade at higher level. All the sectorial indices are trading in green as buying emerged across the board. The overall market breadth was strong. The BSE mid cap and small cap are trading higher by 88.94 points and 101.07 points to 5881.09 and 7019.67 respectively.

At 12.30 pm, BSE sensex was at 13951.27 up by 169.76 points and Nifty was at 4126.55 up by 47.25 points. About 1608 stocks advanced while 691stocks declined and 87 stocks remained unchanged on BSE.

BSE Metal index advanced 225.43 points to trade at 10192.32 as Tata Steel (3.09%), Hindalco (2.42%) and SAIL (2.17%) are trading higher.

BSE Banks index grew 84.72 points to trade at 6936.07 as SBI (2.3%), HDFC Bank (2.04%), ICICI Bank (0.88%) and PNB (0.81%)are trading higher.

BSE Capital goods index inclined 61.39 points to trade at 10006.68 as Siemens (1.03%), BHEL (0.85%), ABB (0.42%) and L&T (0.22%) are trading in green.

BSE Auto index inclined 49.87 points to trade at 5056.93 as Bajaj Auto (3.54%), Maruti (0.85%) and Hero Honda (0.49%) are trading in positive whereas M&M (0.63%) is trading in negative.

BSE IT index grew 46.19 points to trade at 4933.81 as Wipro (2.42%), Satyam (1.7%), HCL (1.13%), Infosys (0.46%) and TCS (0.44%) are trading in green.

BSE FMCG index inclined 36.42 points to trade at 1840.42 as ITC (3.33%), HLL (0.99%) and Dabur (0.27%) are trading in green.

BSE Oil & gas index was trading 37.81 points up at 7268.50 as ONGC (1.39%), GAIL (1.23%), RPL (1.19%), BPCL (1%) and HPCL (0.49%) are trading higher.

BSE Health Care index advanced 30.75 points to trade at 3731.31 as GSK (2.5%), Dr. Reddy (0.79%), Cipla (0.48%) and Sun Pharma (0.15%) are trading higher

Pre Open Market commentary

Indian market is likely to have a positive opening mainly due to the last one-hour movement during the previous trading day. On Wednesday, the Indian markets ended on a positive note as BSE Sensex closed at 13,781.51 up by 16.05 points while Nifty grew marginally by 2.3 points to close at 4,079.30. We expect the market to remain optimism during the trading session.

Wednesday, the US markets closed flat with positive bias. The Dow Jones Industrial Average (DJI) closed higher by 53.80 points at 13,362.87. The S&P 500 (SPX) index closed up by 3.10 points at 1,512.58 while the NASDAQ Composite (RIXF) grew by 4.59 points at 2,576.34.

Indian ADRs ended in positive territory. In technology sector, Infosys gained 1.4% followed by Wipro with 1.5%. In banking sector, ICICI bank and HDFC bank gained 1.2% and 1.07% respectively. MTNL advanced by 3.2%. In automobile sector, Tata Motors slipped by 0.4%.

The major stock markets in Asia are trading mixed. Japan''s Nikkei trading flat at 17,748.71 while Hang Seng plunged 154.15 points to trade at 20,690.63. Straits Times trading higher at 3,462.55 up by 9.83 points. Taiwan weighted rose by 26.16 points to trade at 8,078.86.

Today, Nifty has support at 4,030 and resistance at 4,135 and BSE Sensex has support at 13,670 and resistance at 14,050.

Post Session Market Commentary

The BSE Sensex closed the session with gains of 16.05 points at 13,781.51 while Nifty closed by adding 2.3 points at 4,079.30. Of the 2633 stocks actively traded on BSE, 1,405 declined while 1,124 advanced. The action in several counters towards the end saw the index surge to an intra day high of 13,806.37. The BSE Mid cap closed higher by 12.33 points at 5,792.15 while Small cap closed lower by 20.65 points to settle at 6,918.60.

BSE Capital goods index closed at 9,945.29 up by 45.57 points as Siemens (2.52%) closed in green while BHEL (0.91%) and ABB (0.50%) ended in red .

BSE Metal index closed up by 34.35 points at 9966.89 as Tata Steel (1.64%) and NALCO (0.41%) closed in green while SAIL (1.55%) and Hindalco (0.31%) closed red.

BSE Bank index up by 98.71 points to close at 6851.35 as IDBI (4.72%), SBI (3.83%), PNB (2.14%), ICICI Bank (0.91%) and HDFC bank (0.64%) ended in green.

BSE Auto index closed higher by 27 points at 5007.06 as Hero Honda (3.20%), Bajaj (1.24%) ended in green whereas M&M (0.50%) and Tata Motors (0.29%) ended in red.

BSE Health Care index closed at 3,700.56 grew by 3.39 points as GSK (1.26%) ended in green while Cipla (1.75%) and Ranbaxy (1.14%) closed in red.

BSE oil & gas index closed lower by 18.65 points at 7,230.69 as GAIL (4.16%)and BPCL 1.49% closed in red while HPCL 1.38% and Reliance petroleum (0.13%) closed in green.

BSE IT index closed at 4,887.62 down by 45.27 points as HCL Tech. (1.49%), Infosys (1.09%)and Satyam (0.81%) closed in red.

BSE FMCG index closed marginally down by 2.15 points at 1,804 as HLL (1.77%) and Dabur (0.42%) closed in red while ITC (0.47%) ended in green.

Mid Day Market Commentary

The market continues to trade in red. Even the BSE mid cap and BSE small cap sustains selling pressure that led the overall market breadth to be weak. The BSE mid cap and small cap are trading lower by 4.47 points and 32.87 points respectively.

At 12.30 pm, BSE sensex was at 13694.28 down by 71.18 points and Nifty was at 4056.10 down by 20.9 points. About 867 stocks advanced while 1392 stocks declined and 125 stocks remained unchanged on BSE.

BSE FMCG index inclined 4.48 points to trade at 1810.63 as ITC (0.81%) is trading in green while Dabur (0.42%) and HLL (0.28%) are trading in red.

BSE Oil & gas index was trading 60.95 points down at 7188.39 as GAIL (3.29%), ONGC (0.83%), IPCL (0.76%) are trading lower while BPCL (0.61%) is trading higher.

BSE IT index fell 59.38 points to trade at 4873.51 as TCS (2.56%), Infosys (1.11%), Satyam (0.93%), HCL (0.81%) and Wipro (0.43%) are trading in red.

BSE Metal index dropped 58.11 points to trade at 9874.43 as Hindalco (1.24%) and SAIL (0.48%) are trading lower while Tata Steel (0.33%) and NALCO (0.12%) are trading higher.

BSE capital goods index slipped 49.74 points to trade at 9849.98 as BHEL (1.1%), L&T (0.59%) and ABB (0.56%) are trading in red whereas Siemens (0.9%) is trading in green.

BSE Banks index declined 42.83 points to trade at 6709.81 as HDFC (0.73%), ICICI Bank (0.6%), PNB (0.53%) and SBI (0.5%)are trading lower.

BSE Auto index dropped 15.12 points to trade at 4964.94 as Bajaj Auto (1.67%), M&M (1.07%) are trading in negative whereas Hero Honda (1.61%) and Maruti (0.86%) are trading in positive.

BSE Health Care index slipped 42.83 points to trade at 6709.81 as Ranbaxy (0.82%) and Dr. Reddy (0.7%) are trading lower while GSK (0.96%) and Sun Pharma (0.6%) are trading higher

Pre Open Market commentary

Indian market is likely to have a flat opening, as the Asian market is trading mixed and US market ended flat with negative bias. On Tuesday, the Indian markets ended on a negative note as BSE Sensex closed at 13,765.46 down by 113.79 points while Nifty declined by 34.15 points to close at 4,077. We expect the market to be cautious.

Tuesday, the US markets closed flat. The Dow Jones Industrial Average (DJI) closed lower by 3.90 points at 13,309.07. The S&P 500 (SPX) index declined by 1.76 points to close at 1,507.72 while the NASDAQ Composite (RIXF) grew marginally by 0.80 points at 2,571.75.

Indian ADRs ended in negative territory. In technology sector, Satyam declined by 1.59% followed by Patni computers 1.41%, Infosys 1.21% and Wipro 0.36%. In banking sector, ICICI bank gained 0.70% while HDFC bank closed lower by 0.46%. MTNL and VSNL dropped by 2.58% and 1.06% respectively. In automobile sector, Tata Motors Grew marginally by 0.06%.

The major stock markets in Asia are trading mixed. Japan''s Nikkei trading flat at 17,658.19 while Hang Seng gained 47.91 points to trade at 20,754.26. Straits Times trading lower at 3,434.08 tumbled by 5.13 points. Taiwan weighted down by 17.28 points to trade at 8,078.56.

Today, Nifty has support at 4,010 and resistance at 4,140 and BSE Sensex has support at 13,540 and resistance at 13,950.

Post Session Market Commentary

The BSE Sensex closed with a decline of 113.79 points at 13,765.46 while Nifty closed lower by 34.15 points at 4,077. Of the 2635 stocks traded on BSE, 1,692 declined while 873 advanced. The BSE Mid cap and Small cap closed lower by 64.54 points and 80.86 points to settle at 5,779.82 and 6,939.25 respectively.

BSE Metal index declined by 13.73 points to close at 9,932.54 as Jindal Stainless (2.95%) and Hindalco (0.07%) closed lower while NALCO (1.85%), SAIL (0.67%) and Tata Steel (0.23%) closed in green.

BSE Bank index down by 68.03 points to close at 6,752.64 as SBI (3.36%), HDFC bank (1%) and ICICI Bank (0.35%) ended in red while PNB (0.70%) ended in green.

BSE Auto Index closed lower by 59 points at 4,980.06 as Hero Honda (3.51%), M&M (1.86%), Maruti (0.59%) and Tata Motors (0.34%) ended in red.

BSE Health Care Index closed at 3,697.17 down by 39.35 points as GSK (2.61%), Dr.Reddy (1.75%) and Cipla (1.35%) closed in red.

BSE oil & gas index closed lower by 72.06 points at 7,249.34 as HPCL (2.15%), BPCL (2.01%), Reliance petroleum (1.30%) and IPCL (0.31%) closed in red.

BSE IT index closed at 4,932.89 down by 80.58 points as Infosys (1.79%), HCL Tech. (1.62%), Wipro (1.51%) and Satyam (0.85%) closed in red.

BSE FMCG index closed marginally down by 6.25 points at 1,806.15 as Dabur (1.81%), ITC (0.50%) and HLL (0.49%) ended in red.

BSE Capital goods index closed at 9,899.72 down by 26.06 points as BHEL (0.96%) ended in red while Siemens (1.49%) and ABB (0.27%) closed in green.

Mid Day Market Commentary

The market managed to trade in green. The BSE mid cap is trading higher by 8.71 points to 5853.07 while the BSE small cap is trading lower by 12.55 points to 7007.56. Overall the market breadth is negative.

At 12.30 pm, BSE sensex was at 13890.85 up by 11.60 points and Nifty was at 4116.80 up by 5.65 points. About 1131 stocks advanced while 1196 stocks declined and 88 stocks remained unchanged on BSE.

BSE Metal index inclined 108.22 points to 10054.49 as SAIL (2.01%), NALCO (1.87%), Tata Steel (1.67%) and Hindalco (1.35%) are trading higher.

BSE capital goods index surged 32.40 points to trade at 9958.18 as Siemens (1.12%) and L&T (0.44%) are trading in green.

BSE Banks index advanced 20.46 points to trade at 6841.13 as PNB (1.29%) and ICICI Bank (0.85%) are trading higher whereas HDFC Bank is trading down by (0.79%).

BSE Oil & gas index was trading 5.34 points up at 7326.74 as BPCL (0.39%) and IPCL (0.3%) are trading higher while GAIL (1.06%), HPCL (0.43%), RPL (0.31%) and ONGC (0.23%) are trading lower.

BSE IT index fell 33.59 points to trade at 4979.88 as Infosys (1.29%), HCL (0.67%) and TCS (0.15%) are trading lower while Wipro trading higher by (0.16%).

BSE FMCG index dropped 2.43 points to trade at 1809.97 as ITC (0.37%) and HLL (0.23%) are trading in red whereas Dabur (1.191%) is trading in green.

BSE auto index fell 2.39 points to trade at 5036.67 as Hero Honda (1.86%), M&M (0.25%) and Bajaj Auto (0.15%) are trading in red whereas Maruti (0.75%) and Tata Motors (0.44%) are trading in green.

BSE Health Care index slipped by 1.23 points to trade at 3736.52 as GSK (0.82%) and Dr. Reddy (0.45%) are trading lower while Ranbaxy (0.8%) and Sun Pharma (0.25%) are trading higher

Pre Open Market commentary

Indian market is likely to have a flat opening, as the Asian market is trading lower and US market ended mixed. On Monday, the Indian markets ended on a negative note as BSE Sensex closed at 13,879.25 down by 55.02 points while Nifty declined by 6.20 points to close at 4,111.15. The market is likely to be range bound during the day.

Monday, the US markets closed mixed. The Dow Jones Industrial Average (DJI) closed higher by 48.35 points at 13,312.97. The S&P 500 (SPX) index grew by 3.86 points to close at 1,509.48 while the NASDAQ Composite (RIXF) closed lower by 1.20 points at 2,570.95.

Indian ADRs ended in negative. In technology sector, Infosys declined by 3.67% followed by Patni computers 2.85%, Wipro 2.30% and Satyam 1.52%. In banking sector, ICICI bank and HDFC bank closed lower by 1.39% and 1.33% respectively. VSNL and MTNL dropped by 2.42% and 0.94% respectively. In automobile sector, Tata Motors plunged by 1.16%.

The major stock markets in Asia are trading weak. Japan''s Nikkei declined by 21.83 points to trade at 17,648 along with Hang Seng down by 61.54 points to trade at 20,835.10. Straits Times trading lower at 3,470.32 tumbled by 7.27 points. . Taiwan weighted down by 17.28 points to trade at 8,097.99.

Today, Nifty has support at 4,040 and resistance at 4,180 and BSE Sensex has support at 13,650 and resistance at 14,080.

Post Session Market Commentary

The BSE Sensex closed with a decline of 55.02 points at 13,879.25 while Nifty closed lower by 6.20 points at 4,111.15. Of the 2647 stocks traded on BSE, 1,387 declined while 1,197 advanced. The BSE Mid cap and Small cap closed lower by 18.80 points and 11.46 points to settle at 5,844.36 and 7,020.11.

BSE Metal index declined by 50.52 points to close at 9946.27 as Hindalco (2.16%) and Tata Steel (0.18%) ended in red while NALCO 1.39% and SAIL 0.79% closed in green.

BSE bank index down by 53.82 points to close at 6820.67 as PNB (2.88%), ICICI Bank (1.28%), SBI (0.85%)and HDFC (0.79%) ended in red.

BSE Auto Index closed lower by 24.96 points at 5039.06 as M&M (1.79%), Tata Motors (0.16%) and Maruti (0.16%) ended in red.

BSE Health Care Index closed at 3,736.52 down by 8.84 points as Dr.Reddy (2.20%) and Cipla (1.38%) closed in red while GSK (0.08%) ended in green.

BSE oil & gas index closed higher by 76.44 points at 7,321.40 as BPCL (4.60%), HPCL (3.87%) and IPCL (0.35%) closed in green.

BSE IT index closed at 5,013.47 down by 68.74 points as Wipro (2.24%), Satyam (2.17%), Infosys (1.61%) and HCL Tech. (0.37%) closed in red.

BSE FMCG index closed marginally higher by 0.89 points at 1,812.40 as HLL (0.21%) ended in green while ITC (0.19%) closed in red.

BSE Capital goods index closed at 9,925.78 down by 10.56 points as L&T (0.20%) and BHEL (0.16%) closed in red while Siemens (0.13%) and ABB (2%) closed in green.

Mid Day market Commentary

The market is still trading in green on the back of heavy buying seen in the selective scrips. The mid cap and the small cap are also trading higher by 31.30 points and 50.07 points to 5894.46 and 7081.64 respectively. Overall market breadth is strong.

At 12.30 pm, BSE sensex was at 14,002.47 up by 68.20 points and Nifty was at 4,141.85 up by 24.5 points. About 1402 stocks advanced while 915 stocks declined and 83 stocks remained unchanged in BSE.

BSE Metal index inclined 125.13 points to 10121.92 as Tata Steel (1.44%), NALCO (1.35%), Hindalco (0.74%) and SAIL (0.49%) are trading higher.

BSE Oil & gas index was trading 105.87 points up at 7350.83 as HPCL (3.93%), BPCL (3.58%), GAIL (1.35%) and IPCL (0.79%) are trading in positive territory while ONGC (0.48%) is trading in negative territory.

BSE capital goods index surged 89.82 points to trade at 10026.16 as ABB (2.07%), L&T (1.31%), BHEL (1.26%) and Siemens (0.8%) are trading in green.

BSE Banks index advanced 39.05 points to trade at 6913.54 as SBI (1.01%) and HDFC Bank (0.8%) are trading higher whereas PNB and ICICI Bank are trading down by (0.27%) and (0.22%) respectively.

BSE Auto index rose 27.84 points to trade at 5091.86 as Hero Honda (1.94%), Maruti Udyog (1.42%), Bajaj Auto (0.76%), M&M (0.27%) and Tata Motors (0.16%) are trading in green.

BSE Health Care index grew by 22.73 points to trade at 3768.09 as Ranbaxy (2.21%), Sun Pharma (1.75%) and GSK (0.2%) are trading higher while Dr. Reddy is trading lower by (0.49%).

BSE FMCG index increased 3.80 points to trade at 1815.31 as Dabur (1.25%) and HLL (0.64%) are trading in green whereas ITC (0.22%) are trading in red.

BSE IT index fell 13.98 points to trade at 5068.23 as Satyam (1.23%), Wipro (0.87%), HCL (0.63%) and Infosys (0.33%) are trading lower.

Pre Open Market commentary

Indian market is likely to have a positive opening, as the Asian market is trading higher and US market ended in green. On Friday, the Indian markets ended on a negative note as BSE Sensex closed at 13,934.27 down by 143.94 points while Nifty declined by 34.9 points to close at 4,115.95. We expect the market to trade in positive territory during the day.

Friday, the US markets closed in green. The Dow Jones Industrial Average (DJI) closed higher by 23.24 points at 13,264.62. The S&P 500 (SPX) index grew by 3.23 points to close at 1,505.62 while the NASDAQ Composite (RIXF) closed up by 6.69 points at 2,572.15.

Indian ADRs ended mixed. In technology sector, Satyam computers declined by 0.64% followed by Infosys 0.30%, Wipro 0.24% and Patni computers 0.15%. In banking sector, ICICI bank closed higher by 0.19% while HDFC bank declined by 0.36%. VSNL and MTNL grew by 1.78% and 1.50% respectively. In automobile sector, Tata Motors up by 0.67%.

The major stock markets in Asia are trading in green. Japan''s Nikkei surged by 267.42 points at 17,662.34 along with Hang Seng gained 163.44 points to trade at 21,004.52. Straits Times trading higher at 3,503.70 rose by 17.94 points. Taiwan weighted advanced by 51.90 points to trade at 8,117.96.

Today, Nifty has support at 4,030 and resistance at 4,200 and BSE Sensex has support at 13,700 and resistance at 14,250.

Post Session Market Commentary

The BSE Sensex closed with a decline of 143.94 points at 13,934.27 while Nifty closed lower by 34.9 points at 4,115.95. Of the 2667 stocks traded on BSE, 1461 declined, 1118 advanced. The BSE Mid cap and Small cap closed lower by 3.09 points and 22.63 points to settle at 5863.16 and 7031.57 respectively.

BSE Metal index declined by 18.61 points to close at 9996.79 as Tata Steel (0.70%) and SAIL (0.96%) closed in red while Hindalco 1.54% ended in green.

BSE bank index down by 59.63 points to close at 6874.49 as PNB (1.36%) and ICICI Bank (1.92%) ended in red while SBI (0.58%) closed in green.

BSE Auto Index closed lower by 6.93 points at 5064.02 as Hero Honda (0.97%), M&M (0.33%) and Maruti (0.98%) ended in red.

BSE Health Care Index closed at 3745.36 grew by 0.33 points as GSK (0.42%), Dr.Reddy''s (0.30%) and Cipla (2.72%) closed in green.

BSE oil & gas index closed lower by 92.82 points at 7244.96 as BPCL (3.43%), IPCL (1.74%) and IOCL (1.43%) closed in red.

BSE IT index closed at 5082.21 down by 42 points as Satyam (1.70%), HCL Tech. (1.51%), TCS (1.23%) and Infosys (0.43%) closed in red.

BSE FMCG index closed higher by 0.42 points at 1811.51 as Dabur (0.26%) ended in green while ITC (0.46%) ended in red.

BSE Capital goods index closed at 9936.34 down by 126.89 points as L&T (2.50%) and BHEL (1.58%) closed in red.

Mid Day Market Commentary

The market is trading flat as profit booking was seen across the sectors led by IT and oil & gas. But the mid cap and the small cap are trading higher by 19.46 points and 15.08 points to 5885.71 and 7069.28 respectively. Overall market breadth is marginally strong.

At 12.24 pm, BSE sensex was at 14069.30 down by 8.91 points while Nifty was at 4154.55 up by 3.7 points. About 1220 stocks advanced while 1101 stocks declined and 91 stocks remained unchanged on BSE.

BSE Metal index inclined 114.38 points to trade at 10129.78 as Hindalco (1.3%), Tata Steel (1.24%), SAIL (0.74%) and NALCO (0.06%) are trading higher.

BSE Banks index advanced 60.18 points to trade at 6994.30 as SBI (2.74%), HDFC Bank (0.74%), PNB (0.15%) are trading higher.

BSE capital goods index surged 20.33 points to trade at 10083.56 as Siemens (1.21%), BHEL (0.25%) and ABB (0.09%) are trading in green while L&T (0.38%) is trading in red.

BSE auto index rose 18.34 points to trade at 5089.29 as Tata Motors (1.27%), Bajaj Auto (1.16%) and Maruti Udyog (0.2%) are trading in green.

BSE Health Care index grew by 18.99 points to trade at 3764.02 as Cipla (2.39%), Dr. Reddy (0.8%), GSK (0.36%) are trading higher whereas Ranbaxy and Sun Pharma are trading lower.

BSE FMCG index increased 15.24 points to trade at 1826.33 as Dabur (1.45%) and HLL (1.05%) are trading in green while ITC (0.03%) is trading in red.

BSE Oil & gas index was trading 4.41 points down at 7333.37 as IPCL (1.09%), BPCL (0.04%) are trading in negative territory whereas GAIL (2.77%), ONGC (2.25%) and HPCL (2.16%) are trading in positive territory.

BSE IT index fell 15.58 points to trade at 5108.63 as Satyam (1.01%), HCL (0.79%), Wipro (0.53%) and Infosys (0.22%) are trading lower.

Pre Open Market Commentary

Indian market is likely to have a positive opening, as the Asian market is trading higher and US market ended in green. On Thursday, the Indian markets ended on a positive inspiring note as BSE Sensex closed at 14,078.21 up by 205.84 points while Nifty grew by 62.95 points to close at 4,150.85. We expect the market to be range bound during the trading session.

Thursday, the US markets closed in green. The Dow Jones Industrial Average (DJI) closed higher by 29.50 points at 13241.38. The S&P 500 (SPX) index grew by 6.47 points to close at 1502.39 while the NASDAQ Composite (RIXF) closed up by 7.62 points at 2565.46.

Indian ADRs ended in mixed. In technology sector, Wipro closed higher by 1%. In banking sector, ICICI bank closed higher by 1.5%. VSNL grew by 1%. In automobile sector, Tata Motors down by 1.5%.

The major stock markets in Asia are trading in green. Hang Seng surged by 196.31 points to trade at 20,877.89. Straits Times trading higher at 3,473.62 rose by 22.98 points. Taiwan weighted advanced by 86.69 points to trade at 8,013.35.

Today, Nifty has support at 4,070 and resistance at 4,230 and BSE Sensex has support at 13,800 and resistance at 14,350.

Post Session Market Commentary

The BSE Sensex closed with a positive growth of 205.84 points at 14,078.21 while Nifty closed higher by 62.95 points at 4,150.85. The BSE Mid cap and Small cap closed higher by 70.53 points and 60.36 points to settle at 5866.25 and 7054.20 respectively.

BSE Metal index inclined by 179.68 points to close at 10015.40 as Tata Steel 1.31%, Nalco 1.25% and SAIL 3.49% closed in green.

BSE bank index grew by 51.23 points to close at 6934.12 as IDBI Bank 7.10%, PNB 2.60%, SBI 1.54% and ICICI Bank 0.72% ended in green.

BSE Auto Index closed higher by 72.24 points at 5070.95 as Bajaj Auto 4.34%, Hero Honda 3.08%, M&M 1.72% and Maruti 1.41% ended in green.

BSE HC Index closed at 3,745.03 grew by 42.34 points as Ranbaxy 3.42%, GSK 2.45%, Dr.Reddy 1.07% and Cipla 0.40% closed in green.

BSE oil & gas index closed up by 202.44 points at 7337.78 as BPCL 3.96%, IPCL 3.83%, HPCL 3.65%, IOCL 1.90% and ONGC 0.87% closed in green.

BSE IT index closed at 5124.21 up by 70.92 points as HCL Tech. 2.75%, TCS 1.94%, Infosys 1.56% and Satyam 1.18% closed in green.

BSE FMCG index closed higher by 10.54 points at 1811.09 as ITC 1.13% and Dabur 0.94% ended in green.

BSE CG index closed up by 182.78 points at 10,063.23 as L&T 2.65%, BHEL 1.95%, Siemens 1.13% and ABB 0.20% closed in positive territory.

Mid Day Market Commentary

The markets are still trading strongly. At 12.20 pm, BSE sensex was at 14,073.65 up by 201.58 points and Nifty was at 4,152.30 up by 64.4 points. About 1623 stocks advanced while 721 stocks declined and 72 stocks remained unchanged on BSE.BR>BSE capital goods index surged 224.76 points to trade at 10150.21 as L&T (2.76%), BHEL (2.5%) and ABB (0.8%) are trading in green.BR>BSE auto index rose 126.69 points to trade at 5,125.40 as Bajaj Auto (5.25%), Hero Honda (2.27%), Maruti Udyog (1.81%) and M&M (1.58%) are trading in green.BR> BSE Metal index inclined 106.68 points to 9,773.68 as SAIL (2.72%), Hindalco (0.62%) and Tata Steel (0.39%) are trading higher.BR>BSE Oil & gas index was trading 133.27 points up at 7,268.61 as IPCL (1.87%), ONGC (1.55%), BPCL (1.32%), HPCL (0.74%) are trading in positive.BR>BSE IT index grew 71.71 points to trade at 5,125.00 as Satyam (2.06%), HCL (1.99%), TCS (1.86%) and Infosys (1.33%) are trading higher BR>.BSE Banks index advanced 66.59 points to trade at 6,949.48 as PNB (3.53%), SBI (1.46%), ICICI Bank (0.36%) are trading higher BR> .BSE Health Care index grew by 41.60 points to trade at 3,744.29 as Ranbaxy (1.55%), GSK (1.08%), Sun Pharma (0.85%) are trading higher.BR>BSE FMCG index increased 14.43 points to trade at 1,814.98 as Dabur (1.26%) and ITC (1.03%) are trading in green.BR>