Indian market is likely to have a positive opening due to positive global cues. On Friday, the Indian markets ended on a positive note as BSE Sensex closed higher by 102.23 points at 14,964.12 while Nifty increased by 30.9 points to close at 4,384.85. We expect the market to remain optimistic during the trading session.
Friday, the US markets closed in positive territory. The Dow Jones Industrial Average (DJI) increased by 45.84 points to close at 13,611.68. The S&P 500 (SPX) index closed up by 5.04 points at 1,530.44 while the NASDAQ Composite (RIXF) grew by 9.86 points to close at 2,666.51.
Indian ADRs ended in green. In technology sector, Wipro grew by (5.10%) along with Infosys by (4.78%), Satyam by (4.29%) and Patni computers by (2.08%) respectively. In banking sector, HDFC bank increased by (1.94%). VSNL and MTNL increased by (0.87%) and (0.74%) respectively.
The major stock markets in Asia are trading strong. The Nikkei 225 is trading higher by 99.90 points at 18,240.84, Hang Seng gained 115.76 points to trade at 22,647.50. Straits Times trading at 3,606.28 increased by 44.32 points. Taiwan weighted grew by 89.25 points at 9,277.56.
Today, Nifty has support at 4,355 and resistance at 4,450 and BSE Sensex has support at 14,890 and resistance at 15,130.
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