Indian market is likely to have positive opening on the back of positive cues from global indices. On Friday, the Indian markets closed in red zone, as BSE Sensex declined by 122.37 points to close at 14,063.81 while Nifty fell by 34.5 points to close at 4,145. We expect the market to remain optimism during the day.
Friday, the US markets closed in green. The Dow Jones Industrial Average (DJI) closed higher by 157.66 points at 13,424.39. The S&P 500 (SPX) index grew by 16.95 points to close at 1,507.67 and NASDAQ Composite (RIXF) closed at 2,573.54 up by 32.16 points.
Indian ADRs ended mixed. In technology sector, Infosys surged by (4.70%) along with Satyam by (3.99%), Wipro by (3.27%) and Patni computers by (2.43%). HDFC bank and ICICI bank grew by (2.36%) and (1.91%) respectively. MTNL grew by (1.31%) while VSNL slipped by (1.07%). In automobile sector, Tata Motors declined by (0.24%). In health care sector, Dr Reddy''s lab closed lower by (0.71%).The major stock markets in Asia are trading higher.
The Nikkei 225 gained 84.15 points to trade at 17,863.24. Hang Seng advanced by 155.02 points to trade at 20,664.17. Straits Times grew by 43.62 points to trade at 3,535.21. Taiex trading higher by 54.96 points at 8,355.67.
Today, Nifty has support at 4,110 and resistance at 4,220 and BSE Sensex has support at 13,960 and resistance at 14,305.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment