Indian market is likely to have a positive opening due to positive global cues. On Monday, the Indian markets ended mixed as BSE Sensex closed little higher by 26.34 points at 15,260.91 while Nifty decreased by 5.15 points to close at 4440.05. We expect the market to remain optimism during the trading session.
Monday, the US markets closed in green. The Dow Jones Industrial Average (DJI) increased by 92.84 points to close at 13,358.31. The S&P 500 (SPX) index closed higher by 14.96 points at 1,473.91 while the NASDAQ Composite (RIXF) grew by 21.04 points to close at 2,583.28.
Indian ADRs ended in green. In technology sector, Satyam computers grew by 2.91% along with Patni computers by 1.43%, Wipro by 1.42% and Infosys by 0.38%. In banking sector, ICICI bank and HDFC bank advanced by (4.21%) and (4.10%) respectively. MTNL and VSNL increased by (3.73%) and (1.26%) respectively.
The major stock markets in Asia are trading higher. Japan''s Nikkei trading higher by 38.20 points at 17,251.10. Hang Seng trading up by 230 points at 22,970.70. Taiwan weighted grew by 190.53 points to trade at 9,263.10. Straits Times advanced by 29.51 points to trade at 3,555.80.
Today, Nifty has support at 4,405 and resistance at 4,500 and BSE Sensex has support at 15,180 and resistance at 15,490.
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