Indian market is likely to have positive opening on the back of positive cues from global indices. On Wednesday, the Indian markets closed in negative territory, as BSE Sensex closed lower by 70.02 points at 14,431.06 while Nifty slipped by 21.75 points to close at 4,263.95. We expect the market to remain choppy during the trading session.
Wednesday, the US markets closed in green. The Dow Jones Industrial Average (DJI) surged by 90.07 points to close at 13,427.73. The S&P 500 (SPX) index grew by 13.45 points to close at 1,506.34 and NASDAQ Composite (RIXF) closed up by 31.19 points at 2,605.35 points.
Indian ADRs closed in positive. In technology sector, Patni computers grew by (3.11%) along with Satyam, Wipro and Infosys by (0.98%), (0.64%) and (0.49%) respectively. HDFC bank and ICICI bank grew by (1.02%) and (0.74%) respectively. VSNL declined by (0.34%). In automobile sector, Tata Motors slipped by (0.36%). In health care sector, Dr Reddy''s lab advanced by (0.94%).
The major stock markets in Asia are trading strong. The Nikkei 225 grew by 93.15 points to trade at 17,942.43 Hang Seng surged by 256.95 points to trade at 21,962.51. Strait Times index gained 22.49 points to trade at 3,527.99. Taiwan weighted trading up by 23.01 points at 8,867.23.
Today, Nifty has support at 4,215 and resistance at 4,310 and BSE Sensex has support at 14,340 and resistance at 14,550.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment