Post Market Commentary

The markets closed the session on a positive note as BSE Sensex closed higher by 196.86 points at 15,318.60 and the Nifty grew by 51.7 points to end at 4,464. The BSE mid cap and Small cap closing higher by 122.98 points and 102.56 points at 6,608.42 and 8,060.52 respectively. The market breadth was strong with 1,639 stocks are advancing and 1,060 stocks are declining.

BSE Metal index surged by 268.50 points to close at 11,565.81 as Tata steel (4.92%), JSW Steel (3.94%), SAIL (1.81%) and NALCO (1.29%) closed in positive.

BSE Auto Index grew by 101.35 points to close at 4,878.05 as M&M (5.02%), Maruti Udyog (4.13%), Tata Motors (2.93%), Hero Honda (0.42%) and Ashok Leyland (0.13%) closed in green.

BSE oil & gas index improved by 183.70 points to close at 8,160.13 as ONGC (2.35%), IPCL (3.03%), Reliance petroleum (3.53%), Indian Oil (0.70%) and HPCL (0.39%) closed higher.

BSE bankex index closed higher by 107.29 points at 7,858.79 as Yes bank (10.25%), Andhra bank (3.65%), Federal bank (3.13%), Karnataka bank (3%), PNB (2.91%), Allahabad bank (2.84%), Oriental bank (2.79%) and ICICI bank (1.44%) closed in green.

BSE Capital goods index grew by 118.02 points to close at 13,424.74 as Havell India (10.04%), BEML (6.62%), Lakshmi machines (5.76%), AIAEngineer (3.15%), Siemens (2.27%), BHEL (1.65%) and Suzlon energy (1.33%) closed higher.

BSE Health Care Index closed higher by 71.65 points at 3,572.82 as Nicholas Piramal (7.83%), Opto Circuits (5.32%), Biocon (4.92%), Fortis Healthcare (4.12%), Ranbaxy (3.53%), Glennmark (3.49%), and Matrix labs (3.21%) closed in positive.

BSE FMCG index increased by 24.61 points to close at 1,973.93 as Nestle (5.62%), United Breweries (3.32%), HUL (3.09%), Colgate Palmolive (3.01%) and Tata Tea (2.31%) closed in green.

BSE IT index closed up by 33.36 points at 4,585.66 as Tech Mahindra (7.87%), Finance tech (3.47%), Patni computers (2.63%), TCS limited (2.28%), IFlex (1.81%) and HCL tech (1.64%) and Wipro (1.26%) closed higher.

Source : www.indian-commodity.com

Mid Market Commentary

The market has gained more points in comparison to its opening level. The intensive buying in scrips continued across the board. The Oil & Gas, Metal and Realty stocks were in demand today. The overall market breadth is positive as 1670 stocks are advancing while 824 stocks are declining and 64 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 15,330.54 up by 208.80 points while Nifty was at 4,466.05 up by 53.75 points. The BSE mid cap is higher by 93.52 points at 6,578.96 and small cap advanced by 76.89 points to 8,034.85.

BSE Metal index surged 178.02 points to trade at 11,475.33 as NALCO (2.73%), Tata Steel (2.59%), SAIL (1.20%) and Sterlite Industries (0.78%) are trading in green.

BSE Banks index is trading up by 151.23 points to trade at 7,902.73 as PNB (2.99%), SBI (2.29%), ICICI Bank (2.06%) and HDFC Bank (1.19%) are trading higher.

BSE Oil & Gas index was trading 181.07 points higher at 8,157.50 as IPCL (3.48%), RPL (2.68%), ONGC (2.38%), HPCL (0.73%) and BPCL (0.43%) are trading in positive.

BSE Capital goods index increased 122.22 points to 13,428.94 as Siemens (1.27%), BHEL (0.97%) and ABB (0.62%) are trading in positive whereas L&T (0.04%) is trading in negative.

BSE Auto index improved 117.21 points to trade at 4,893.91 as M&M (6.35%), Tata Motors (4.11%), Maruti Udyog (3.58%) and Bajaj Auto (1.14%) are trading in green.

BSE Health Care index increased 53.20 points to trade at 3,554.37 as Ranbaxy (2.91%), Cipla (1.82%), Dr. Reddy (0.78%) are trading in green whereas GSK (0.76%) and Sun Pharma (0.08%) are trading in red.

BSE IT index advanced by 34.99 points to trade at 4,587.29 as HCL Tech.(1.33%), TCS (1.05%), Wipro (1.05%), Satyam (0.22%) and Infosys (0.12%) are trading up.

BSE FMCG index grew 12.61 points to trade at 1,961.93 as HUL (2.20%), Dabur (0.15%) and ITC (0.09%) are trading higher.

Source : www.indian-commodity.com

Pre Open Market Commentary

Indian market is likely to have a positive opening on the Asian Market is trading higher. On Thursday, the Indian markets ended on a positive note, as BSE Sensex closed higher by 128.70 points at 15,121.74 while Nifty grew by 53 points to close at 4,412.30. We expect the market to remain choppy during the trading session.

Thursday, the US markets closed in mixed. The Dow Jones Industrial Average (DJIA) slipped by 50.56 points to close at 13,238.73. The S&P 500 (SPX) index decreased marginally by 6.12 points to close at 1,457.64 and the NASDAQ Composite (RIXF) advanced by 2.14 points to close at 2,565.30.

Indian ADRs ended in negative territory. In technology sector, Infosys slipped by (1.19%) along with Satyam by (0.37%) and Wipro (0.07%) while Patni computers grew by (4.42%). In banking sector, ICICI bank and HDFC bank decreased by (2.55%) and (1.73%) respectively. MTNL dropped by (2.08%) while VSNL closed higher by (4.44%). Tata Motors decreased by (0.30%).


The major stock markets in Asia are trading firm. Japan''s Nikkei trading higher by 181.41 points at 16,335.23.Hang Seng grew by 69.16 points to trade at 23,553.70. Taiwan weighted advanced by 88.36 points to trade at 8,859.57. Seoul Composite increased by 12.89 points to trade at 1,854.59.

Today, Nifty has support at 4,370 and resistance at 4,488 and BSE Sensex has support at 14,980 and resistance at 15,370.

Source : www.indian-commodity.com

Post Market Commentary

The markets closed the session on a positive note as BSE Sensex closed higher by 128.70 points at 15,121.74 and the Nifty grew by 53 points to end at 4,412.30. The BSE mid cap and Small cap closing higher by 35.05 points and 83.74 points at 6,485.44 and 7,957.96 respectively. The market breadth was strong with 1,567 stocks advancing and 1058 stocks declining.

BSE Metal index surged by 93.54 points to close at 11,297.31 as SAIL (2.54%), Sterlite Industries (2.38%) and Hindalco industries (1.21%) closed in positive while Tata steel (0.38%) and JSW Steel (0.35%) closed in negative.

BSE Auto Index grew by 65.01 points to close at 4,776.70 as M&M (2.95%), Bajaj auto (1.96%), Hero Honda (1.37%) and Tata Motors (1.02%) closed in green while Maruti Udyog (0.02%) closed in red.

BSE oil & gas index improved by 39.92 points to close at 7,976.43 as ONGC (0.47%), BPCL (0.37%), IPCL (0.15%) and Reliance petroleum (0.04%) closed higher while GAIL (2.15%) and HPCL (1.06%) closed lower.

BSE bankex index closed higher by 98.72 points at 7,751.50 as AXIS Bank (2.89%), HDFC Bank (2.20%), IDBI Bank (2.01%), ICICI bank (1.76%), PNB (1.42%) and BOI (0.53%) closed in green.

BSE Capital goods index grew by 60.01 points to close at 12,306.72 as Siemens (3.02%), ABB (2.19%) and BHEL (0.38%) closed in green while Praj industries (1.31%) and L&T (0.31%) closed in red.

BSE Health Care Index closed higher by 14.86 points at 3,501.17 as GlaxoSmithKline (5.35%), Sun pharma (2.33%), Ranbaxy (1.57%), Dr Reddy lab (1.02%) and Glennmark (0.73%) closed higher while Cipla (2.68%) closed lower.

BSE FMCG index increased by 13 points to close at 1,949.32 as ITC (1.16%), Dabur (0.54%), HUL (0.17%) and Tata Tea (0.13%) closed in green.

BSE IT index closed up by 47.90 points at 4,552.30 as HCL technologies (3.16%), Infosys (1.33%), Wipro (1.29%), TCS (0.92%) and Satyam (0.06%) closed higher.

Source : www.indian-commodity.com

Mid Market Commentary

The market has lost some of its gaining points and slipped from the day''s high as profit booking emerged in the selective scrips led by the Metal stocks. The overall market breadth is positive as 1600 stocks are advancing while 811 stocks are declining and 64 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 15,087.06 up by 94.02 points while Nifty was at 4,387.60 up by 28.30 points. The BSE mid cap is higher by 60.72 points at 6,511.11 and small cap advanced by 88.84 points to 7,963.06.

BSE Auto index improved 85.35 points to trade at 4,797.04 as M&M (3.21%), Tata Motors (2.97%), Bajaj Auto (1.51%), Maruti Udyog (0.96%) and Hero Honda (0.31%) are trading in green.

BSE Capital goods index surged 82.22 points to 13,328.93 as Siemens (1.65%), ABB (1.62%) and BHEL (0.76%) are trading in positive whereas L&T (0.54%) are trading in negative.

BSE Banks index is trading up by 61.43 points to trade at 7,714.21 as PNB (0.86%), ICICI Bank (0.82%), HDFC Bank (0.43%) and SBI (0.38%) are trading higher.

BSE Oil & Gas index was trading 38.55 points higher at 7,975.06 as IPCL (1.07%), HPCL (0.42%) and ONGC (0.12%) are trading in positive while BPCL (1.29%) and GAIL (0.62%) are trading in negative.

BSE IT index advanced by 28.73 points to trade at 4,533.13 as HCL Tech.(1.03%), Infosys (0.65%) and Wipro (0.43%) are trading up while Satyam (0.29%) and TCS (0.16%) are trading down.

Source : www.indian-commodity.com

Pre Open Market Commentary

Indian market is likely to have a positive opening on the back of strong global cues. On Wednesday, the Indian markets ended on a positive note, as BSE Sensex closed higher by 73.85 points at 14,993.04 while Nifty grew by 38.60 points to close at 4,359.30. We expect the market to see some bull run during the trading session.

Wednesday, the US markets closed in green. The Dow Jones Industrial Average (DJIA) surged by 247.44 points to close at 13,289.29. The S&P 500 (SPX) index grew by 31.40 points to close at 1,463.76 and the NASDAQ Composite (RIXF) advanced by 62.52 points to close at 2,563.16.

Indian ADRs ended in positive territory. In technology sector, Patni computers grew by (6.95%) along with Infosys and Wipro each by (4.07%) and Satyam by (3.62%). In banking sector, HDFC bank and ICICI bank advanced by (3.81%) and (1.15%) respectively. MTNL and VSNL closed higher by (4.83%) and (3.65%) respectively. Tata Motors grew by (3.33%).

The major stock markets in Asia are trading strong. Japan''s Nikkei trading higher by 206.12 points at 16,218.95.Hang Seng grew by 425.19 points to trade at 23,445.79. Taiwan weighted advanced by 157.08 points to trade at 8,800.40. Seoul Composite increased by 18.81 points to trade at 1,845.

Today, Nifty has support at 4,320 and resistance at 4,530 and BSE Sensex has support at 14,900 and resistance at 15,420.

Source : www.indian-commodity.com

Post Market Commentary

The market finally ended the day on a positive note after it opens in a deep negative territory. All the BSE indices ended in green while the IT and Health Care indices ended in red. Finally, BSE Sensex closed at 14,993.04 with a gain of 73.85 points. The NSE Nifty advanced by 38.60 points to close at 4,359.30.

Overall, the market breadth was positive as 1530 stocks were closed in green whereas 1094 were ended up in red zone while 69 stocks remained unchanged in BSE. BSE Mid cap and BSE Small cap indices grew by 40.75 points at 6,450.39 and by 65.78 points to 7,874.22 respectively.

BSE Metal index closed 455.50 points up at 11,203.77 as Tata Steel (8.99%), SAIL (5.15%), Sterlite Industries (2.70%) and Hindalco (2.12%) ended higher.

BSE Capital goods index increased by 129.49 points at 13,246.71 as BHEL (2.45%) and L&T (1.53%) are ended in green while Seimens (1.32%) and ABB (0.15%) are ended in red.

BSE oil & gas index closed at 7,936.51 higher by 97.34 points as GAIL (4.65%), ONGC (3.05%), BPCL (2.99%), HPCL (2.86%) and IPCL (1.44%) closed in green.

BSE Auto Index improved by 35.38 points at 4,711.69 as Tata Motors (1.80%), Bajaj Auto (1.03%), Hero Honda (1.08%) and Maruti (0.17%) ended higher whereas M&M (0.14%) ended lower.

BSE bank index grew 16.57 points at 7,652.78 as AXIS Bank (2.42%), SBI (1.69%) and HDFC Bank (0.40%) are ended in positive while PNB (1.32%), ICICI Bank (0.61%) and IDBI Bank (0.38%) ended in negative.

BSE FMCG index closed at 1,936.32 up by 5.39 points as Dabur (1.75%) and ITC (0.78%) are ended in positive while HUL (0.10%) is ended in negative.

BSE IT index closed 54.36 points down at 4,504.40 as Infosys (2.55%), Satyam (0.98%) and HCL Tech. (0.34%) are ended in red while Wipro (0.59%) and TCS (0.354%) are ended in green.

BSE Health Care Index closed at 3,486.31 lower by 7.12 points as GSK (1.62%), Sun Pharma (0.88%), Dr. Reddy (0.60%) and Cipla (0.56%) ended in red where as Ranbaxy (1.44%) closed in green.

Source : www.indian-commodity.com

Mid Market Commentary

The market has recovered from the day''s low but is still trading in red as smart buying emerged in the selective scrips led by the Metal stocks. The Mid Cap and Small Cap have also seen some buying momentum that led them to trade in positive. The overall market breadth is turns positive as 1244 stocks are advancing while 1122 stocks are declining and 77 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,884.27 down by 34.92 points while Nifty was at 4,314.90 down by 5.80 points. The BSE mid cap is higher by 12.30 points at 6,421.94 and small cap advanced by 36.91 points to 7,845.35.

BSE Metal index surged 255.04 points to trade at 11,003.31 as Tata Steel (6.44%), SAIL (3.27%), Hindalco Industries (1.11%) and NALCO (0.76%) are trading in green.

BSE Auto index improved 2.31 points to trade at 4,678.62 as Bajaj Auto (0.92%), Hero Honda (0.63%), Tata Motors (0.60%) and Maruti Udyog (0.48%) are trading in green whereas M&M (0.61%) is trading in red.

BSE Oil & Gas index was trading 0.08 points higher at 7,839.25 as BPCL (1.33%), ONGC (0.87%) and IPCL (0.54%) are trading in positive while RPL (0.89%) and GAIL (0.65%) are trading in negative.

BSE Capital goods index dropped 74.31 points to 13,042.91 as Siemens (2.11%), L&T (0.82%), ABB (0.63%) and BHEL (0.17%) are trading in negative.

BSE Banks index is trading down by 35.72 points to trade at 7,600.49 as ICICI Bank (1.16%), HDFC Bank (0.96%) and PNB (0.85%) are trading in negative while SBI (0.45%) is trading in positive.

BSE Health Care index decreased 16.67 points to trade at 3,476.76 as Sun Pharma (1.21%), Ranbaxy (1.09%), GSK (0.79%), Cipla (0.58%) and Dr. Reddy (0.16%) are trading in red.

BSE IT index slipped by 43.40 points to trade at 4,515.36 as Infosys (1.12%), Wipro (1.07%), TCS (0.58%) and HCL Technologies (0.34%) are trading in negative.

BSE FMCG index fell 10.57 points to trade at 1,920.36 as HUL (0.592%) and ITC (0.63%) are trading lower while Dabur (0.70%) is trading higher.

Source : www.indian-commodity.com

Pre Open Market Commentary

Indian market is likely to have a negative opening on the back of negative global cues. On Tuesday, the Indian markets ended on a positive note, as BSE Sensex closed higher by 76.81 points at 14,919.19 while Nifty grew by 18.1 points to close at 4,320.70. We expect the market to trade lower during the trading session.

Tuesday, the US markets closed in deep red The Dow Jones Industrial Average (DJIA) slipped by 280.28 points to close at 13,041.85. The S&P 500 (SPX) index dropped by 34.43 points to close at 1,432.36 and the NASDAQ Composite (RIXF) decreased by 60.61 points to close at 2,500.64.

Indian ADRs ended in negative territory. In technology sector, Wipro declined by (3.57%) along with Satyam by (3.30%), Infosys by (3.24%) and Patni computers by (0.75%). In banking sector, ICICI bank and HDFC bank slipped by (4.73%) and (3.15%) respectively. VSNL and MTNL closed lower by (4.45%) and (3.75%) respectively. Tata Motors slipped by (2.51%).

The major stock markets in Asia are trading weak. Japan''s Nikkei trading lower by 422.62 points at 15,864.87.Hang Seng fell by 533.94 points to trade at 22,829.82. Taiwan weighted decreased by 157.88 points to trade at 8,569.67. Seoul Composite slipped by 33.16 points to trade at 1,796.15.

Today, Nifty has support at 4,150 and resistance at 4,321 and BSE Sensex has support at 14,270 and resistance at 14,920.

Post Session Market Commentary

The markets closed the session on a strong positive note as BSE Sensex closed higher by 417.51 points at 14,842.38 and the Nifty grew 112.45 points to end at 4,302.60. The BSE mid cap and Small cap closing higher by 170.21 points and 203.27 points at 6,360.66 and 7,725.52 respectively.

BSE Metal index gained 361.04 points to close at 10,637.64. as JSW Steel (7.06%), Hindalco (4.54%), Sterlite industries (4.49%), Tata Steel (3.55%), Jindal Steel (2.64%) and Nalco (1.18%) closed higher.

BSE Auto Index gained 113.71 points to close at 4,682.97 as TVS Motor (5.86%), Maruti Udyog (5.13%), Escorts (3.13%), Punjab tractors (3.12%), Tata Motors (2.84%), Apollo Tyres (2.82%), Mahindra and Mahindra by (2.66%) a closed in green.

BSE oil & gas index added 209.12 points to close at 7,725.80. GAIL India (4.42%) led the gainers pack, followed by Reliance Industries by (3.29%), ESSAR Oil (2.85%), Reliance Petroleum (2.19%) and ONGC (1.59%)

BSE Bankex index ended higher by 339.55 points at 7,654.98 with SBI (6.17%), Allahabad bank (6.01%), Yes Bank (5.95%), ICICI bank (5.93%), Federal bank (5.40%), Kotak Bank (4.90%) closed in green.

BSE Capital goods index gained by 457.79 points to close at 13,080.02 with Areva (7.25%), Havell India (5.96%), Alstom projects (5.84%), Crompton Greaves (5.72%), ABB (5.13%), Punj Lloyd (4.85%), AIA Engineering (4.53%), L&T (3.75%).

BSE Health care index closed higher by 63.31 points at 3,487.33 as Fortis healthcare (5.73%), Aurobindo pharma (5.05%), Lupin ltd (5.03%), Ranbaxy (2.77%), Glaxosmithkline (1.88%) closed in green .

BSE FMCG index advanced by 34.23 points at 1,912.20 with Colgate palm (7.53%), Britannia (4.40%), United spirit (3.05%), Nestle (2.80%), Tata Tea (2.04%) closed higher.

BSE IT index grew by 64.91 points to 4,473.39 as Rolta India (7.61%), Mosear Baer (6.07%), Patni Computers (4.94%), HCL technologies (2.95%), Financial technologies (2.47%) closed in positive territory.

Mid Market Commentary

The market has maintained its upward trend and is still trading higher on the back of sustained buying continued in the selective scrips mainly led by the Capital Goods, Metal and Realty stocks. The overall market breadth is still impressive as 1890 stocks are advancing while 525 stocks are declining and 49 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,684.07 up by 259.20 points while Nifty was at 4,259.60 up by 69.45 points. The BSE mid cap is higher by 123.64 points at 6,314.09 and small cap advanced by 180.13 points to 7,702.38.

BSE Capital goods index improved 260.98 points to 12,883.21 as L&T (2.04%), Siemens (1.83%), ABB (1.52%) and BHEL (1.43%) are trading in positive.

BSE Metal index surged 257.53 points to trade at 10,534.13 as Sterlite Industries (2.60%), Tata Steel (2.40%), SAIL (1.37%) and Nalco (0.79%) are trading in green.

BSE Banks index is trading up by 206.39 points to trade at 7,521.82 as SBI (4.91%), ICICI Bank (3.72%), PNB (2%) and HDFC Bank (0.91%) are trading in positive.

BSE Oil & Gas index was trading 142.34 points higher at 7,659.02 as IPCL (1.98%), ONGC (1.61%), BPCL (1%), RPL (0.91%) and HPCL (0.87%) are trading in positive.

BSE Auto index improved 81.60 points to trade at 4,650.86 as Maruti Udyog (2.91%), Tata Motors (2.44%), M&M (2.34%), Bajaj Auto (1.52%) and Hero Honda (0.31%) are trading higher.

BSE Health Care index increased 47.82 points to trade at 3,471.84 as Cipla (1.76%), Ranbaxy (1.66%), GSK (0.99%), Sun Pharma (0.78%) and Dr. Reddy (0.16%) are trading higher.

BSE IT index increased 25.28 points to trade at 4,433.76 as HCL Technologies (1.81%), TCS (0.59%), Satyam (0.23%) and Infosys (0.05%) are trading up.

BSE FMCG index grew 15.99 points to trade at 1,893.96 as Dabur (1%), ITC (0.62%) and HUL (0.50%) are trading in green.

Source : www.indian-commodity.com

Pre Open Market Commentary

Indian market is likely to have a positive opening on the back of strong positive global cues. On Friday, the Indian markets ended on a positive note, as BSE Sensex closed higher by 260.89 points at 14,424.87 while Nifty grew by 75.2 points to close at 4,190.15. We expect the market to remain optimism during the trading session.

Friday, the US markets closed in green The Dow Jones Industrial Average (DJIA) grew by 142.99 points to close at 13,378.87. The S&P 500 (SPX) index increased by 16.87 points to close at 1,479.37 and the NASDAQ Composite (RIXF) advanced by 34.99 points to close at 2,576.69.

Indian ADRs ended in positive. In technology sector, Patni Computers grew by (2.64%) along with Infosys by (2.24%), Satyam by (1.45%) and Wipro by (1.41%). In banking sector, HDFC bank and ICICI bank increased by (4%) and (2.54%) respectively. MTNL and VSNL closed higher by (3.56%) and (2.33%) respectively. Tata Motors grew by (5.72%).

The major stock markets in Asia are trading strong. Japan''s Nikkei trading higher by 172.92 points at 16,421.89. Hang Seng grew by 399.83 points to trade at 23,321.72. Taiwan weighted increased by 99.75 points to trade at 8,789.84. Singapore Strait times advanced by 43.60 to trade at 3,413.05

Today, Nifty has support at 4,155 and resistance at 4,285 and BSE Sensex has support at 14,330 and resistance at 14,720.

Source : www.indian-commodity.com

Post Session Market Commentary

The markets closed on a positive note as BSE Sensex closed higher by 260.89 points at 14,424.87 and the Nifty gained 75.2 points to end at 4,190.15. All the BSE indices closed in positive territory with BSE mid cap and Small cap closing higher by 85.34 points and 97.86 points at 6,190.45 and 7,522.25 respectively. The market breadth was favorable with 1,563 stocks advancing and 1,067 stocks declining.

BSE Metal index gained 284.2 points to close at 10,276.60. Pushing it up was JSW Steel (10.13%), Welspun Gujarat (5.77%) and Bhushan Steel (4.98%) whereas Jindal Saw (0.55%) and NALCO (0.24%) declined marginally.

BSE Auto Index gained 105.8 points to close at 4,569.26. Taking it higher was Tata Motors (5.71%), Escorts Limited (5.06%), Apollo Tyres (3.87%) and Cummins India (3.11%) whereas Punjab Tractors (1.07%), Hindustan Motor (1.2%) declined.

BSE oil & gas index added 131.53 points to close at 7,516.68. Reliance Petroleum (2.81%) led the gainers pack, followed by ONGC (2.73%), Essar Oil (1.97%). Among the losers were Cairn India (0.59%) and Indian Oil Corp (0.77%).

BSE Bankex index ended higher by 91.14 points at 7,315.43 with Yes Bank (4.79%), Kotak Bank (3.7%) and SBI (3.62%) among the gainers. Among the losers were PNB (0.19%), Canara Bank (0.33%) and Axis Bank (1.8%).

BSE Capital goods index gained by 285.56 points to close at 12,622.23 with SKF India (6.4%), BHEL (5.34%) and Punj Lloyd (4.76%) leading the index gainers. Among the losers were Laxmi Machine Works (2.84%), Kirloskar Oil Engines (2.25%) and Suzlon Energy (1.11%).

BSE FMCG index advanced by 15.58 points at 1,877.97 with Bata India (6.32%), Tata Tea (6.29%) and United Spirits (1.31%) were among the major index gainers.

BSE IT index grew by 52.2 points to 4,408.48 as Satyam (3.34%), Moser Baer (2.63%) and Patni Computers (2.51%) closed in positive territory while HCL technologies (2.09%) and Tech Mahindra (1.48%) registered losses.

Mid Market Commentary

The market is still trading higher on the back of sustained buying continued in the selective scrips mainly led by the Metal stocks. However the Consumer Durables and IT stocks are facing some selling tune. The overall market breadth is impressive as 1283 stocks are advancing while 1104 stocks are declining and 71 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,260.34 up by 96.36 points while Nifty was at 4,141.40 up by 26.45 points. The BSE mid cap is higher by 35.35 points at 6,140.46 and small cap advanced by 31.18 points to 7,455.57.

BSE Metal index surged 166.25 points to trade at 10,158.65 as Tata steel (2.32%), Hindalco Industries (2.16%), Sterlite Industries (1.23%), Nalco (1.18%) and SAIL (0.71%) are trading in green.

BSE Capital goods index improved 94.23 points to 12,430.90 as ABB (1.08%), BHEL (0.60%), and L&T (0.46%) are trading in positive while Siemens (0.08%) is trading in negative.

BSE Oil & Gas index was trading 74.08 points higher at 7,459.23 as ONGC (1.28%), IPCL (1.16%), RPL (0.93%) and GAIL (0.34%) are trading in positive.

BSE Auto index improved 65.72 points to trade at 4,529.18 as Tata Motors (3.54%), Maruti Udyog (2.58%), M&M (2.41%) and Bajaj Auto (0.54%) are trading higher.

BSE Banks index is trading up by 43.83 points to trade at 7,268.12 as SBI (2.33%) and ICICI Bank (0.36%) are trading in positive while HDFC Bank (1.64%) and PNB (0.67%) are trading in negative.

BSE Health Care index increased 16.29 points to trade at 3,402.89 as Ranbaxy (1.15%), Cipla (0.60%) and GSK (0.18%) are trading higher while Sun Pharma (0.44%) and Dr. Reddy (0.16%) are trading lower.

BSE FMCG index grew 9.47 points to trade at 1,871.86 as ITC (1.25%) and HUL (0.51%) are trading in green while Dabur (0.99%) is trading in red.

BSE IT index decreased 3.25 points to trade at 4,353.03 as HCL Technologies (2.14%), Infosys (1.05%) and Wipro (0.22%) are trading up while Satyam (0.95%) and TCS (0.30%) are trading down.

Pre open Market Commentary

Indian market is likely to have a negative opening on the back of negative global cues. On Thursday, the Indian markets ended on a negative note, as BSE Sensex closed lower by 84.68 points at 14,163.98 while Nifty decreased by 38.2 points to close at 4,114.95. We expect the market to trade lower during the trading session.

Thursday, the US markets closed in green The Dow Jones Industrial Average (DJIA) dropped marginally 0.25 points to close at 13,235.88. The S&P 500 (SPX) index decreased by 1.57 points to close at 1,462.50 and the NASDAQ Composite (RIXF) fell 11.10 points to close at 2,541.70.

Indian ADRs ended in negative. In technology sector, Wipro declined by (1.03%) along with Patni computers by (0.87%) while Satyam grew by (1.18%). In banking sector, HDFC bank and ICICI bank decreased by (3.82%) and (2.27%) respectively. MTNL and VSNL closed lower by (2.12%) and (1.50%) respectively. Tata Motors decreased by (1.33%).

The major stock markets in Asia are trading weak. Japan''s Nikkei trading lower by 53.51 points at 16,293.60. Hang Seng declined by 307.42 points to trade at 22,659.55. Taiwan weighted decreased by 37.70 points to trade at 8,695.14. Singapore Strait times slipped by 30.31 to trade at 3,340.60

Today, Nifty has support at 4,010 and resistance at 4,145 and BSE Sensex has support at 13,810 and resistance at 14,225.

End Session Market Commentary

The market ended the session on a negative note as BSE Sensex closed lower by 84.68 points at 14,163.98 while slipped by 38.2 points to close at 4,114.95. The BSE Mid cap and Small cap closed lower by 54.51 points and 94.31 points at 6,105.11 and 7,424.39 respectively. The market breadth was weak as among the 2,665 stocks traded, 1,702 stocks declined while 905 stocks advanced.

BSE Metal index dropped by 88.93 points to close at 9,992.40 as JSW Steel (4.42%), Tata steel (1.60%), SAIL (0.39%) and Sterlite Industries (0.19%) closed in negative while Hindalco industries (0.14%) is closed in positive.

BSE Auto Index dropped by 10.33 points to close at 4,463.46 as Hero Honda (0.93%), M&M (0.86%) closed in red while Maruti Udyog (1.36%), Tata Motors (0.51%), )and Bajaj Auto (0.46%) are closed in green. BSE oil & gas index slipped by 126.18 points to close at 7,385.15 as ONGC (3.07%), GAIL (2.68%), Reliance petroleum (2.24%), IPCL (1.99%), HPCL (0.39%) and BPCL (0.23%) closed lower.

BSE bankex index closed lower by 163.63 points at 7,224.29 as IDBI Bank (5.21%), SBI (2.94%), PNB (2.58%), ICICI bank (2.47%) and HDFC Bank (1.74%) closed in red.

BSE Capital goods index slipped by 60.83 points to close at 12,336.67 as Praj industries (5.07%), Siemens (2.15), ABB (0.59%) and BHEL (0.32%) closed in red while L&T (0.51%) closed in green.

BSE Health care index closed lower by 39.40 points at 3,386.60 as Cipla (4.41%), Sun pharma (2.28%), Ranbaxy (1.57%) and GlaxoSmithKline (1.07%) closed lower while Glennmark (4.09%) and Dr Reddy lab (0.65%) closed higher.

BSE FMCG index advanced by 20.49 points at 1,862.39 as ITC (1.45%), HUL (1.02%), Tata Tea (1.01%) and Dabur (0.69%) closed in green.

BSE IT index grew marginally by 7.75 points at 4,356.28 as Satyam (1.25%) and Infosys (1.05%) closed in positive while HCL technologies (3.80%), TCS (1.64%) and Wipro (1.14%) closed in negative.

Mid Market Commentary

The market is still trading higher as strong buying continued in the selective scrips led by Capital Goods, Metal and Realty stocks. All the BSE indices are trading in green. The overall market breadth is impressive as 1783 stocks are advancing while 619 stocks are declining and 49 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,469.94 up by 221.28 points while Nifty was at 4,208.20 up by 55.05 points. The BSE mid cap is higher by 95.96 points at 6,255.58 and small cap advanced by 121.40 points to 7,640.10.

BSE Capital goods index surged 271.72 points to 12,669.22 as Siemens (3.90%), L&T (3.32%), BHEL (2.15%) and ABB (1.47%) are trading in positive.

BSE Metal index advanced 217.16 points to trade at 10,298.49 as SAIL (3.52%), Hindalco Industries (2.88%), NALCO (1.98%) and Tata Steel (1.93%) are trading in green.

BSE Oil & Gas index was trading 86.75 points higher at 7,598.08 as RPL (1.83%), IPCL (1.14%), ONGC (0.87%), HPCL (0.43%) and BPCL (0.33%) are trading in positive.

BSE IT index increased 64.56 points to trade at 4,413.09 as Satyam (2.40%), Infosys (1.90%), Wipro (1.55%) and TCS (0.39%) are trading up.

BSE Banks index is trading up by 56.86 points to trade at 7,444.78 as PNB (2.17%), SBI (1.78%), ICICI Bank (1.06%) are trading in positive while HDFC Bank (0.18%) is trading in negative.

BSE Auto index improved 46.08 points to trade at 4,519.87 as Tata Motors (1.94%), M&M (1.75%), Maruti Udyog (0.52%) and Bajaj Auto (0.41%) are trading higher.

BSE Health Care index increased 42.07 points to trade at 3,468.07 as Ranbaxy (2.54%), Dr. Reddy (1.77%) and GSK (0.98%) are trading higher.

BSE FMCG index grew 36.06 points to trade at 1,877.96 as ITC (2.53%), HUL (1.02%) and Dabur (0.99%) are trading in green.

Pre Open Market Commentary

Indian market is likely to have a positive opening on the back of positive global cues. On Wednesday, the Indian markets ended on a positive note, as BSE Sensex closed higher by 259.55 points at 14,248.66 while Nifty grew by 78.25 points to close at 4,153.15. We expect the market to see some bull run during the trading session.

Wednesday, the US markets closed in green The Dow Jones Industrial Average (DJI) increased by 145.27 points to close at 13,236.13. The S&P 500 (SPX) index closed up by 16.95 points at 1,464.07 while the NASDAQ Composite (RIXF) increased by 31.50 points to close at 2,552.80.

Indian ADRs ended in positive. In technology sector, Satyam grew by 4.13% along with Infosys by 3.30%, Patni computers by 2.98% and Wipro by 2.32%. In banking sector, HDFC bank and ICICI bank increased by (4.26%) and (3.75%) respectively. VSNL and MTNL closed higher by (2.13%) and (1.80%) respectively. Tata Motors increased by (1.09%).

The major stock markets in Asia are trading strong. Japan''s Nikkei trading higher by 392.96 points at 16,293.60. Hang Seng surged by 570.19 points to trade at 22,917.07. Taiwan weighted advanced by 216.69 points to trade at 8,710.15.

Today, Nifty has support at 4,120 and resistance at 4,290 and BSE Sensex has support at 14,150 and resistance at 14,650.

End Session Market Commentary

The BSE Sensex ended the session on a positive note as it closed higher by 259.55 points at 14,248.66 while Nifty grew by 78.25 points to close at 4,153.15. The BSE Mid cap advanced by 25.39 points to close at 6,159.62 while Small cap decreased by 19.75 points to close at 7,518.70. Of the 2,674 stocks actively traded on BSE, 1,575 stocks declined while 1,042 stocks advanced.

BSE Metal index surged by 234.18 points to close at 10,081.33 as Sterlite Industries (4.35%), Tata steel (4.25%), Hindalco industries (2.02%), JSW Steel (1.17%) and SAIL (1.14%) closed in positive.

BSE Auto Index dropped by 1.35 points to close at 4,473.79 as Tata Motors (2.42%), Maruti Udyog (0.13%) and Hero Honda (0.06%) closed in red while M&M (2.93%) and Bajaj auto (1.02%) are closed in green.

BSE oil & gas index grew by 103.31 points to close at 7,511.33 as GAIL (3.32%), ONGC (2.43%), IPCL (2.14%) and HPCL (1.88%) and Reliance petroleum (0.60%) closed higher.

BSE bankex index closed higher by 63.62 points at 7,387.92 as ICICI bank (1.98%), IDBI Bank (1.57%) and HDFC Bank (1.40%) closed in green while PNB (3.03%), BOI (2.05%) and SBI (0.40%) closed in red.

BSE Capital goods index grew by 407.53 points to close at 12,397.50 as Siemens (9.17%), Praj industries (8.41%), BHEL (4.81%), L&T (3.26%) and ABB (2.95%) closed higher.

BSE Health Care Index ended lower by 4.42 points at 3,426 as Sun pharma (2.40%), GlaxoSmithKline (1.94%) and Cipla (0.93%) closed in negative while Dr Reddy lab (1.50%), Glennmark (1.41%) and Ranbaxy (0.71%) closed in positive.

BSE FMCG index increased by 42.85 points to close at 1,841.90 as ITC (4.07%), HUL (1.45%), Tata Tea (0.46%) and Dabur (0.45%) closed in green.

BSE IT index closed higher by 53.67 points at 4,348.53 as HCL technologies (1.74%), Wipro (1.51%), Infosys (1.63%), TCS (0.81%) and Satyam (0.25%) closed higher.

Mid Market Commentary

The market is now trading firm as the significant buying momentum was seen in the Capital Goods, Metal and Oil & Gas stocks. However the realty stocks are facing the most selling tune. The overall market breadth is not impressive as 798 stocks are advancing while 1651 stocks are declining and 41 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,158.27 up by 169.16 points while Nifty was at 4,128.40 up by 53.50 points. The BSE mid cap is lower by 7.13 points at 6,127.10 and small cap dropped by 49.79 points to 7,488.66.

BSE Capital goods index surged 145.45 points to 12,135.42 as Siemens (6.48%), BHEL (2.96%), ABB (1.41%) and L&T (1.34%) are trading in positive.

BSE Metal index advanced 118.63 points to trade at 9,965.78 as Tata Steel (3.30%), Sterlite Industries (2.39%) and Hindalco Industries (1.47%) are trading in green.

BSE Oil & Gas index was trading 91.41 points higher at 7,499.43 as IPCL (2.02%), ONGC (1.52%), GAIL (1.39%), BPCL (1%) and HPCL (0.88%) are trading in positive.

BSE FMCG index grew 38.42 points to trade at 1,837.47 as ITC (4.61%) and HUL (1.55%) are trading in green while Dabur (0.05%) is trading in red.

BSE IT index increased 16.57 points to trade at 4,311.43 as Infosys (0.91%), Satyam (0.72%), Wipro (0.22%) are trading up while HCL Tech. (0.69%) is trading down.

BSE Auto index improved 9.88 points to trade at 4,485.02 as M&M (2.11%), Maruti Udyog (1.43%), Hero Honda (1.11%) and Bajaj Auto (0.37%) are trading higher while Tata Motors (1.1%) is trading lower.

BSE Health Care index dropped 36.44 points to trade at 3,393.98 as Cipla (4.49%), GSK (1.93%) and Dr. Reddy (0.32%), are trading lower whereas Sun Pharma (0.53%) and Ranbaxy (0.28%) are trading higher.

BSE Banks index is trading down by 35.41 points to trade at 7,288.89 as PNB (2.09%) is trading in negative while ICICI Bank (0.60%), HDFC Bank (0.27%) and SBI (0.07%) are trading in positive.

Pre Open Market Commentary

Indian market is likely to have a flat opening as the Asian market is trading mixed and US market closed in mixed. On Tuesday, the Indian markets ended on a negative note, as BSE Sensex closed lower by 438.44 points at 13,989.11 while Nifty slipped by 134.15 points to close at 4,074.90. We expect the market to remain choppy during the trading session.

Tuesday, the US markets closed in mixed The Dow Jones Industrial Average (DJI) decreased by 30.49 points to close at 13,090.86. The S&P 500 (SPX) index closed marginally up by 1.57 points at 1,447.12 while the NASDAQ Composite (RIXF) increased by 12.71 points to close at 2,521.30.

Indian ADRs ended in negative. In technology sector, Infosys declined by (4.53%) along with Satyam (3.69%) and Wipro by (3.26%) while Patni computers grew by (9.54%). In banking sector, ICICI bank and HDFC bank fell by (2.48%) and (1.49%) respectively. MTNL and VSNL closed lower by (2.51%) and (1.19%) respectively. Tata Motors decreased by (3.76%).

The major stock markets in Asia are trading mixed. Japan''s Nikkei trading lower by 29.25 points at 15,872.09. Hang Seng grew by 251.84 points to trade at 21,981.19. Singapore Straits times increased by 27.90 points to trade at 3,256.56. Seoul Composite advanced by 18.11 points to trade at 1,754.29.

Today, Nifty has support at 3,954 and resistance at 4,145 and BSE Sensex has support at 13,650 and resistance at 14,250.

End Session Market Commentary

The BSE Sensex ended the session on a negative note as it closed lower by 438.44 points at 13,989.11 while Nifty declined by 134.15 points to close at 4,074.90. The BSE Mid cap and Small cap slipped by 208.55 points and 293.91 to close at 6,134.23 and 7,538.45 respectively. Of the 2,767 stocks actively traded on BSE, 2,235 stocks declined while 494 stocks advanced.

BSE Metal index declined by 351.90 points to close at 9,847.15 as JSW Steel (6.55%), Tata steel (3.99%), Hindalco industries (3.88%), Nalco (3.49%), Sterlite Industries (3.15%) and SAIL (1.96%) closed in negative.

BSE Auto Index dropped by 123.90 points to close at 4,475.14 as Mahindra and Mahindra (4.67%), Bajaj Auto (2.97%), Tata Motors (2.35%), Hero Honda (1.99%) and Maruti Udyog (1.82%) closed in red.

BSE oil & gas index slipped by 212.89 points to close at 7,408.02 as GAIL (5.57%), ONGC (3.50%), Reliance petroleum (3.08%), IPCL (2.88%), BPCL (2.79%) and HPCL (1.14%) closed lower.

BSE bankex index closed lower by 338.15 points at 7,324.30 as BOI (5.65%), Andhra Bank (5.62%), SBI (5.59%), ICICI bank (4.78%), PNB (2.84%) and HDFC Bank (1.88%) closed in red.

BSE Capital goods index fell by 340.40 points to close at 11,989.97 as Siemens (5.68%), Praj industries (5.18%), ABB (3.89%), L&T (1.92%) and BHEL (1.24%) closed lower.

BSE Health Care Index ended lower by 108.17 points at 3,430.42 as GlaxoSmithKline (3.77%), Cipla (3.75%), Ranbaxy (3.56%), Glennmark (3.58%), Sun pharma (2.06%) and Dr Reddy lab (0.12%) closed in negative.

BSE FMCG index decreased by 45.17 points to close at 1,799.05 as ITC (2.59%), HUL (2.52%) and Tata Tea (0.86%) closed in red while Dabur (0.25%) closed in green.

BSE IT index closed lower by 164.21 points at 4,294.86 as HCL technologies (5.56%), Wipro (4.83%), Infosys (3.72%), Satyam (3.71%) and TCS (3.63%) closed lower.

Mid Market Commentary

The market continued to trade in the negative territory as heavy selling witnessed across the board led by the Bank, IT and Metal stocks. However the Oil & Gas stocks are facing some buying momentum. The overall market breadth is negative as 878 stocks are advancing while 1636 stocks are declining and 54 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,333.14 down by 94.41 points while Nifty was at 4,177.85 down by 31.20 points. The BSE mid cap is lower by 60.62 points at 6,282.16 and small cap dropped by 102.21 points to 7,730.15.

BSE Oil & Gas index was trading 11.37 points higher at 7,632.28 as IPCL (0.58%), HPCL (0.39%) and BPCL (0.11%) are trading in positive while GAIL (0.64%) and ONGC (0.27%) are trading in negative.

BSE Metal index dropped 102.86 points to trade at 10,096.19 as NALCO (2.31%), Hindalco (1.41%), Tata Steel (0.53%) and SAIL (0.03%) are trading in red.

BSE Banks index is trading down by 102.15 points to trade at 7,560.30 as SBI (1.68%), ICICI Bank (1.03%) and PNB (0.82%) are trading lower while HDFC Bank (0.63%) is trading higher.

BSE Capital goods index slipped 74.26 points to 12,256.11 as ABB (0.25%) and Siemens (0.40%) are trading in negative while BHEL (2.08%) and L&T (0.09%) are trading in positive.

BSE IT index decreased 73.66 points to trade at 4,385.41 as Wipro (2.13%), TCS (1.99%), Infosys (1.75%), HCL Tech. (1.63%) and Satyam (1.62%) are trading down.

BSE Health Care index dropped 30.87 points to trade at 3,507.72 as GSK (3.18%), Ranbaxy (1.07%), Cipla (0.76%) and Sun Pharma (0.28%), are trading lower.

BSE FMCG index fell 12.41 points to trade at 1,831.81 as HUL (1.41%) and ITC (0.16%) are trading in red while Dabur (0.20%) is trading in green.

BSE Auto index decreased 3.71 points to trade at 4,595.33 as Tata Motors (0.92%) and Hero Honda (0.92%) are trading in red while M&M (0.95%), Bajaj Auto (0.49%) and Maruti Udyog (0.23%) are trading in green.

Pre Open Market Commentary

Indian market is likely to have a positive opening on the back of positive global cues. On Monday, the Indian markets ended on a strong positive note, as BSE Sensex closed higher by 286.03 points at 14,427.55 while Nifty grew by 101 points to close at 4,209.05. We expect the market to remain optimism during the trading session.

Monday, the US markets closed in green The Dow Jones Industrial Average (DJI) grew by 42.27 points to close at 13,121.35. The S&P 500 (SPX) index closed flat at 1,445.55 while the NASDAQ Composite (RIXF) increased by 3.56 points to close at 2,508.59.

Indian ADRs ended in mixed. In technology sector, Patni computers grew by (3.32%) while Satyam, Infosys and Wipro slipped by (2.73%), (1.10%) and (0.22%) respectively. In banking sector, ICICI bank and HDFC bank fell by (2.40%) and (2.25%) respectively. VSNL and MTNL closed lower by (2.98%) and (1.63%) respectively. Tata Motors decreased by (1.94%).

The major stock markets in Asia are trading strong. Japan''s Nikkei trading higher by 235.34 points at 15,967.82. Hang Seng surged by 638.60 points to trade at 22,234.23. Singapore Straits times increased by 21.40 points to trade at 3,343.78. Seoul Composite advanced by 25.17 points to trade at 1,756.44.

Today, Nifty has support at 4,175 and resistance at 4,330 and BSE Sensex has support at 14,310 and resistance at 14,890.

End Session Market Commentary

The BSE Sensex ended the session on a positive note as it closed higher by 286.03 points at 14,427.55 while Nifty increased by 101 points to close at 4,209.05. The BSE Mid cap and Small cap grew by 83.31 points and 137.56 to close at 6,342.78 and 7,832.36 respectively. Of the 2,766 stocks actively traded on BSE, 1,928 stocks advanced while 793 stocks declined.

BSE Metal index surged by 387.44 points to close at 10,199.05 as Sterlite Industries (8.64%), Tata steel (4.50%), SAIL (4.11%), JSW Steel (1.53%) and Hindalco industries (1.25%) closed in positive.

BSE Auto Index grew by 38.19 points to close at 4,599.04 as Hero Honda (2.69%), Tata Motors (1.30%), Bajaj Auto (0.52%), Maruti Udyog (0.28%) closed in green while Mahindra and Mahindra (1.24%) closed in red.

BSE oil & gas index improved by 193.76 points to close at 7,620.91 as ONGC (4.54%), GAIL (2.88%), Reliance petroleum (2.52%), HPCL (1.57%) and BPCL (0.68%) closed higher.

BSE bankex index closed higher by 311.08 points at 7,662.45 as ICICI bank (5.57%), HDFC Bank (5.21%), BOI (2.59%), SBI (2.04%), PNB (1.84%) and Andhra Bank (1.10%) closed in green.

BSE Capital goods index advanced by 300.47 points to close at 12,330.37 as BHEL (3.31%), L&T (2.13%), ABB (0.96%) and Siemens (0.50%) closed higher while Praj industries (1.38%) closed lower.

BSE Health Care Index ended up by 51.29 points at 3,538.59 as GlaxoSmithKline (4.60%), Ranbaxy (3.49%), Sun pharma (2.74%), Glennmark (1.18%), Dr Reddy lab (0.47%) and Cipla (0.41%) closed in green.

BSE FMCG index increased by 32.56 points to close at 1,844.22 as HUL (3.23%), Dabur (2.19%) and Tata Tea (1.28%) closed higher.

BSE IT index closed lower by 41.33 points at 4,459.07 as Satyam (1.75%), Infosys (1.39%), Wipro (1.26%) and TCS (0.55%) closed in negative while HCL technologies 2.08% closed in positive.

Mid Market Commentary

The market after a sparkling start to the session led by positive signals from the global market, now firms up. The strong buying continued across the board. The entire BSE indexes are trading in the positive territory. The overall market breadth is positive as 1974 stocks are advancing while 560 stocks are declining and 51 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,459.71 up by 318.19 points while Nifty was at 4,202.70 up by 94.65 points. The BSE mid cap is higher by 98.80 points at 6,358.27 and small cap advanced by 141.85 points to 7,836.65.

BSE Metal index surged 266.30 points to trade at 10,077.91 as Tata Steel (3.12%), SAIL (2.90%), NALCO (2.40%) and Hindalco Industries (1.43%) are trading in green.

BSE Banks index is trading up by 230.97 points to trade at 7,582.34 as ICICI Bank (4.24%), HDFC Bank (3.93%), SBI (2.17%) and PNB (2.08%) are trading higher.

BSE Capital goods index improved 230.89 points to 12,260.79 as BHEL (1.99%), L&T (1.95%), ABB (0.98%) and Siemens (0.67%) are trading in positive.

BSE Oil & Gas index was trading 156.42 points higher at 7,583.57 as HPCL (3.11%), ONGC (2.81%), RPL (2.75%), GAIL (2.69%), BPCL (1.62%) and IPCL (1.43%) are trading in positive.

BSE Auto index advanced 76.22 points to trade at 4,637.07 as Hero Honda (2.88%), Bajaj Auto (2.53%), Maruti Udyog (2.31%), Tata Motors (0.62%) and M&M (0.46%) are trading in green.

BSE Health Care index advanced 53.64 points to trade at 3,540.94 as GSK (3.83%), Sun Pharma (3.10%), Ranbaxy (2.85%), Cipla (0.54%) and Dr. Reddy (0.48%) are trading higher.

BSE IT index increased 53.24 points to trade at 4,553.64 as HCL Tech. (2.66%), Infosys (1.19%), TCS (0.76%), Satyam (0.68%) and Wipro (0.63%) are trading up.

BSE FMCG index grew 34.43 points to trade at 1,846.09 as HUL (1.55%), ITC (1.30%) and Dabur (1.01%) are trading in green.

Pre Open Market Commentary

Indian market is likely to have a positive opening on the back of strong global cues. On Friday, the Indian markets ended on a negative note, as BSE Sensex fell 216.69 points to close at 14,141.52 while Nifty slipped by 70.55 points to close at 4,108.05. We expect the market to trade higher during the trading session.

Friday, the US markets closed in green The Dow Jones Industrial Average (DJI) grew by 233.30 points to close at 13,079.08. The S&P 500 (SPX) index closed up by 34.67 points at 1,445.94 while the NASDAQ Composite (RIXF) increased by 53.96 points to close at 2,505.03.

Indian ADRs ended in positive territory. In technology sector, Wipro grew by (5.18%) along with Infosys by (2.90%) and Satyam by (2.33%). In banking sector, ICICI bank and HDFC bank surged by (12.86%) and (8.32%) respectively. VSNL and MTNL closed higher by (7.91%) and (6.46%). Tata Motors grew by (2.16%).

The major stock markets in Asia are trading strong. Japan''s Nikkei trading higher by 562.89 points at 15,836.57. Hang Seng surged by 534.95 points to trade at 20,922.08. Singapore Straits times increased by 145.64 points to trade at 3,276.35. Seoul Composite advanced by 78.44 points to trade at 1,716.51.

Today, Nifty has support at 4,105 and resistance at 4,290 and BSE Sensex has support at 14,140 and resistance at 14,750.

End Session Market Commentary

The BSE Sensex ended the session on a negative note as it closed lower by 216.69 points at 14,141.52 while Nifty decreased by 70.55 points to close at 4,108.05. The BSE Mid cap and Small cap slipped by 92.97 points and 102.46 to close at 6,259.47 and 7,694.80 respectively. Of the 2,719 stocks actively traded on BSE, 1,833 stocks declined while 854 stocks advanced.

BSE Metal index decreased by 488 points to close at 9,811.61 as JSW Steel (7.55%), Sterlite Industries (7.47%), Tata steel (5.40%), SAIL (3.98%), Hindalco industries (3.65%) and Nalco (1.60%) closed in negative.

BSE Auto Index slipped by 101.32 points to close at 4,560.85 as Tata Motors (3.34%), Hero Honda (2.78%), Bajaj Auto (2.57%), Maruti Udyog (1.40%), Mahindra and Mahindra (1.25%) closed in red.

BSE oil & gas index dropped by 77.44 points to close at 7,427.15 as HPCL (8.57%), GAIL (4.85%), ONGC (4.41%), BPCL (2.53%) and Reliance petroleum (1.36%) closed in negative while IPCL (0.91%) closed in positive.

BSE bankex index closed lower by 69.96 points at 7,351.37 as Andhra Bank (3.13%), HDFC Bank (2.26%), ICICI bank (0.76%) and SBI (0.14%) closed in red while BOI (1.10%), and PNB (0.16%) closed in green.

BSE Capital goods index fell by 184.66 points to close at 12,029.90 as ABB (3.36%), BHEL (2.75%), Praj industries (2.47%), L&T (0.61%) closed lower while Siemens (0.43%) closed higher.

BSE Health Care Index ended lower by 39.65 points at 3,487.30 as Ranbaxy (2.29%), GlaxoSmithKline (1.61%), Dr Reddy lab (1.02%) and Glennmark (0.97%) closed in red while Sun pharma (2.20%) and Cipla (0.25%) closed in green.

BSE FMCG index decreased by 43.44 points to close at 1,811.66 as HUL (2.04%), Tata Tea (1.75%) and Dabur (0.20%) closed in red.

BSE IT index closed lower by 136.73 points at 4,500.40 as Satyam (5.81%), TCS (2.91%), Infosys (2.91%), HCL technologies (2.48%) closed in negative while Wipro (1.31%) closed in positive.

Mid Market Commentary

The market is witnessing heavy sell off across the board. The Metal stocks are facing the huge selling pressure. The entire BSE indexes are trading in the deep red note. The overall market breadth is weak as 905 stocks are advancing while 1597 stocks are declining and 51 stocks remained unchanged on BSE.

At 12.31 pm, BSE sensex was at 13,848.89 down by 509.32 points while Nifty was at 4,023.85 down by 154.75 points. The BSE mid cap is lower by 209.09 points at 6,143.35 and small cap dropped by 237.16 points to 7,560.10.

BSE Metal index dropped 379.87 points to trade at 9,919.74 as Tata Steel (4.70%), NALCO (1.95%), SAIL (1.41%) and Hindalco Industries (0.69%) are trading in red.

BSE Capital goods index decreased 324.28 points to 11,890.28 as ABB (6.04%), BHEL (3.18%), L&T (2.63%) and Siemens (2.11%) are trading in negative.

BSE Banks index is trading down by 134.16 points to trade at 7,287.17 as HDFC Bank (3.47%), ICICI Bank (2.28%), SBI (1.51%) and PNB (0.21%) are trading lower.

BSE Oil & Gas index was trading 134.53 points lower at 7,370.06 as HPCL (6.91%), GAIL (4.17%), RPL (3.60%), ONGC (2.93%), BPCL (2.22%) and IPCL (0.29%) are trading in negative.

BSE Auto index dropped 106.30 points to trade at 4,555.87 as Maruti Udyog (6.18%), Bajaj Auto (2.81%), Hero Honda (2.64%), M&M (1.38%) and Tata Motors (1.06%) are trading in red.

BSE IT index decreased 180.80 points to trade at 4,456.63 as Satyam (5.98%), Infosys (4.86%), Wipro (3.20%), TCS (2.48%) and HCL Tech. (1.30%) are trading down.

BSE Health Care index slipped 63.06 points to trade at 3,463.89 as GSK (3.65%), Ranbaxy (3.32%), Cipla (1.64%), Dr. Reddy (1.27%) and Sun Pharma (0.22%) are trading lower.

BSE FMCG index fell 25.65 points to trade at 1,829.45 as ITC (1.90%), HUL (1.53%) and Dabur (1.02%) are trading in red.

Pre Open Market Commentary

Indian market is likely to have a negative opening on the back of negative global cues. On Thursday, the Indian markets ended on a negative note, as BSE Sensex fell drastically by 642.70 points to close at 14,358.21 while Nifty slipped by 191.6 points to close at 4,178.60. We expect the market to remain cautious during the trading session.

Thursday, the US markets closed mixed The Dow Jones Industrial Average (DJI) decreased by 15.69 points to close at 12,845.78. The S&P 500 (SPX) index closed up by 4.57 points at 1,411.27 while the NASDAQ Composite (RIXF) decreased by 7.76 points to close at 2,451.07.

Indian ADRs ended in negative territory. In technology sector, Patni computers fell by (5.28%) along with Satyam by (4.16%), Wipro by (2.88%) and Infosys by (1.89%). In banking sector, ICICI bank and HDFC bank decreased by (3.58%) and (2.59%) respectively. VSNL and MTNL closed lower by (6.20%) and (4.51%). Tata Motors fell by (2%).

The major stock markets in Asia are trading weak. Japan''s Nikkei trading lower by 376.10 points at 15,772.39. Hang Seng slipped by 48.68 points to trade at 20,623.71. Singapore Straits times decreased by 41.17 points to trade at 3,110.99. Seoul Composite fell by 15.52 points to trade at 1,676.46.

Today, Nifty has support at 4,020 and resistance at 4,210 and BSE Sensex has support at 13,900 and resistance at 14,450.

Post Session Market Commentary

The BSE Sensex ended the session on a negative note as it closed lower by 642.70 points at 14,358.21 while Nifty decreased by 191.6 points to close at 4,178.60. The BSE Mid cap and Small cap closed lower by 210.72 points and 237.30 at 6,352.44 and 7,797.26 Of the 2,751 stocks actively traded on BSE, 1,869 stocks declined while 842 stocks advanced.

BSE Metal index decreased by 717.02 points to close at 10,299.61 as Tata steel (10.34%), Sterlite Industries (8.22%), Hindalco industries (5.62%), JSW Steel (4.97%) and SAIL (2.88%) closed in negative.

BSE Auto Index slipped by 149.42 points to close at 4,662.17 as Tata Motors (4.07%), Maruti Udyog (3.78%), Bajaj Auto (3.17%), Mahindra and Mahindra (3.06%) and Hero Honda (1.34%) closed in red.

BSE oil & gas index dropped by 343.11 points to close at 7,504.59 as IPCL (4.45%), ONGC (4.12%), Reliance petroleum (3.28%), BPCL (2.87%), HPCL (2.82%) and GAIL (1.79%) closed lower.

BSE bankex index closed lower by 424.96 points at 7,421.33 as BOI (9.38%), ICICI bank (5.17%), SBI (5.78%), HDFC Bank (4.62%), Andhra Bank (4.31%) and PNB (4.21%) closed lower.

BSE Capital goods index slipped by 565.95 points to close at 12,214.56 as Praj industries (5.51%), BHEL (4.99%), ABB (4.29%), L&T (4.19%) and Siemens (2.91%) closed in negative.

BSE Health Care Index ended lower by 102.65 points to close at 3,526.95 as GlaxoSmithKline (5.04%), Cipla (3.94%), Ranbaxy (3.39%), Glennmark (2.34%), closed Dr Reddy lab (1.27%) and Sun pharma (1.04%) closed in red.

BSE FMCG index decreased by 66.68 points at 1,855.10 as Tata Tea (3.80%), Dabur (3.67%) and HUL (1.92%) closed in red.

BSE IT index closed lower by 124.31 points at 4,637.13 as TCS (3.70%), HCL technologies (3.48%), Wipro (2.45%), Infosys (2.24%) and Satyam (1.82%) closed lower.

Mid Market Commentary

The market is still trading lower with a heavy deep cut. The broad based selling continued across the sectors. The heavy profit booking continued in the Metal, Capital Goods and Bank stocks. The overall market breadth is weak as 905 stocks are advancing while 1597 stocks are declining and 51 stocks remained unchanged on BSE.

At 12.31 pm, BSE sensex was at 14,445.29 down by 555.62 points while Nifty was at 4,201 down by 169 points. The BSE mid cap is lower by 153.42 points at 6,409.74 and small cap dropped by 128.58 points to 7,905.98.

BSE Metal index dropped 507.34 points to trade at 10,509.29 as Tata Steel (7.33%), Hindalco (3.90%), SAIL (3.38%) and NALCO (3.14%) are trading in red.

BSE Capital goods index decreased 441.96 points to 12,338.55 as BHEL (4.09%), L&T (3.76%), Siemens (3.10%) and ABB (2.71%) are trading in negative.

BSE Banks index is trading down by 326.01 points to trade at 7,838.43 as ICICI Bank (5.80%), SBI (4.46%), HDFC Bank (4.09%) and PNB (3.97%) are trading lower.

BSE Oil & Gas index was trading 280.51 points lower at 7,567.19 as IPCL (3.87%), ONGC (3.75%), BPCL (2.77%), HPCL (2.36%), RPL (1.75%) are trading in negative.

BSE Auto index dropped 115.91 points to trade at 4,695 as Tata Motors (3.62%), Maruti Udyog (3.28%), Bajaj Auto (3.14%) and M&M (2.80%) are trading in red.

BSE IT index decreased 85.72 points to trade at 4,675.72 as HCL Tech. (3.44%), TCS (2.65%), Infosys (1.94%), Satyam (1.47%) and Wipro (1.46%) are trading down.

BSE Health Care index slipped 69.82 points to trade at 3,559.78 as GSK (3.90%), Cipla (3.14%), Ranbaxy (2.41%), Sun Pharma (2.28%) and Dr. Reddy (1.72%) are trading lower.

BSE FMCG index fell 42.08 points to trade at 1,879.70 as ITC (3.03%), HUL (1.99%) and Dabur (1.96%) are trading in red.

Pre Open Market Commentary

Indian market is likely to have a negative opening on the back of negative global cues. On Tuesday, the Indian markets ended on a negative note, as BSE Sensex closed lower by 16.30 points at 15,000.91 while Nifty slipped by 3.45 points to close at 4,370.20. We expect the market to remain cautious during the trading session, as bear will rule the market today.

Wednesday, the US markets closed in red The Dow Jones Industrial Average (DJI) decreased by 167.45 points to close at 12,861.47. The S&P 500 (SPX) index closed lower by 19.84 points at 1,406.70 while the NASDAQ Composite (RIXF) slipped by 40.29 points to close at 2,458.83.

Indian ADRs ended in negative territory. In technology sector, Satyam declined by (4.36%) along with Infosys by (3.05%), Wipro by (1.60%) and Patni computers by (1.24%). In banking sector, ICICI bank and HDFC bank decreased by (6.10%) and (3.97%) respectively. VSNL closed lower by (5.41%). Tata Motors fell by 2.60%.

The major stock markets in Asia are trading weak. Japan''s Nikkei trading lower by 428.15 points at 16,047.46. Hang Seng slipped by 640.40 points to trade at 20,735.32. Singapore Straits times decreased by 129.66 points to trade at 3,143.59. Taiwan weighted fell by 308.75 points to trade at 8,284.29.

Today, Nifty has support at 4,195 and resistance at 4,371 and BSE Sensex has support at 14,425 and resistance at 15,001.

End Session Market Commentary

The BSE Sensex ended the session on a negative note as it closed lower by 16.30 points at 15,000.91 while Nifty decreased by 3.45 points to close at 4,370.20. The BSE Mid cap closed lower by 12.01 points at 6,563.16 while Small cap closed up by 6.28 points at 8,034.56. Of the 2,764 stocks actively traded on BSE, 1,572 stocks advanced while 1,104 stocks declined.

BSE Metal index increased by 7.80 points to close at 11,016.63 as JSW Steel (2.72%) and Hindalco industries (0.95%) closed in positive while Tata steel (0.37%), SAIL (1.80%) and Sterlite Industries (0.01%) closed in negative.

BSE Auto Index decreased by 14.34 points to close at 4,811.59 as Mahindra and Mahindra (1.59%), Maruti Udyog (0.87%), Hero Honda (0.84%) closed in red while Bajaj Auto (0.25%) closed in green.

BSE oil & gas index advanced by 36.89 points to close at 7,847.70 as BPCL (1.70%), HPCL (0.87%), IPCL (0.46%), Reliance petroleum (0.18%), Reliance industries (0.16%), and GAIL (0.14%) closed higher.

BSE bankex index closed higher by 18.52 points at 7,846.29 as BOI 3.64%, HDFC Bank 1.26%, PNB 0.41%, ICICI bank 0.29%, SBI 0.10% closed higher while Andhra Bank (1.12%) and IDBI Bank (0.64%) closed lower.

BSE Capital goods index slipped by 34.88 points to close at 12,780.51 as BHEL (1.37%), L&T (0.60%) and Siemens (0.53%) closed in negative while Praj industries 3.09% and ABB 0.55% closed in positive.

BSE Health Care Index closed lower by 11.54 points to close at 3,629.60 as Glennmark (1.45%), Cipla (0.26%) and Ranbaxy (0.15%) closed lower while Dr Reddy lab 0.20% closed higher while GlaxoSmithKline 0.18% closed higher.

BSE FMCG index decreased by 10.38 points at 1,921.78 as HUL (1.72%) and Dabur (1.02%), Tata Tea (1%) closed in red.

BSE IT index closed lower by 3.60 points at 4,761.44 as TCS (0.48%) and Satyam (0.16%) closed lower while HCL technologies 0.58%, Wipro 0.17% and Infosys 0.12% closed higher.

Mid Market Commentary

The market is trading lower and remained range bound since the start of the session. The selling of scrips continued in the selective stocks led by Auto, FMCG and Oil& Gas. However the Metal stock are the top performer today. The overall market breadth is strong as 1630 stocks are advancing while 886 stocks are declining and 77 stocks remained unchanged on BSE.

At 12.31 pm, BSE sensex was at 14,994.89 down by 22.32 points while Nifty was at 4,366 down by 8 points. The BSE mid cap is higher by 11.87 points at 6,587.04 and small cap advanced by 39.07 points to 8,067.35.

BSE Metal index surged 45.79 points to trade at 11,054.62 as SAIL (0.67%), Hindalco (0.66%) and Tata Steel (0.47%) are trading in green whereas NALCO (0.39%) is trading in red.

BSE Health Care index improved 14.50 points to trade at 3,655.64 as Cipla (1.05%), Ranbaxy (0.80%), Dr. Reddy (0.47%) and GSK (0.41%) are trading higher.

BSE Banks index is trading up by 10.66 points to trade at 7,838.43 as ICICI Bank (0.57%), PNB (0.20%) and SBI (0.19%) are trading higher whereas HDFC Bank (0.26%) is trading lower.

BSE Capital goods index increased 1.31 points to 12,816.70 as L&T (0.41%) and ABB (0.27%) are trading in positive while BHEL (1.46%) and Siemens (0.33%) are trading in negative.

BSE Auto index dropped 18.20 points to trade at 4,807.73 as Tata Motors (1.44%), Maruti Udyog (1.32%), Hero Honda Motors (1.06%) and M&M (0.87%) are trading in negative.

BSE IT index slipped 13.36 points to trade at 4,751.68 as TCS (0.62%), Satyam (0.42%) and Infosys (0.10%) are trading down while HCL Tech. (2.21%) is trading up.

BSE FMCG index fell 10.27 points to trade at 1,921.89 as Dabur (1.92%), HUL (0.98%) and ITC (0.61%) are trading lower.

BSE Oil & Gas index was trading 7.95 points lower at 7,802.86 as IPCL (0.28%) is trading in negative while BPCL (1.25%), HPCL (1.20%), RPL (0.88%) and ONGC (0.47%) are trading in positive.

Pre Open Market Commentary

Indian market is likely to have a flat opening as the US market closed flat. On Monday, the Indian markets ended on a positive note, as BSE Sensex closed higher by 148.96 points at 15,017.21 while Nifty grew by 40.3 points to close at 4,373.65. We expect the market to see some profit booking in the later half of the day.

Monday, the US markets closed flat. The Dow Jones Industrial Average (DJI) decreased marginally by 3.01 points to close at 13,236.53. The S&P 500 (SPX) index closed flat at 1,452.92 while the NASDAQ Composite (RIXF) slipped by 2.65 points to close at 2,542.24.

Indian ADRs ended in mixed. In technology sector, Wipro grew by 2.92% along with Satyam by 2.08% and Infosys by 1.02% while Patni computers slipped by (1.95%). In banking sector, ICICI bank and HDFC bank increased by (1.44%) and (0.98%) respectively. VSNL and MTNL closed lower by (2.02%) and (1.01%) respectively. Tata Motors grew by 2.39%.

The major stock markets in Asia are trading marginally lower. Japan''s Nikkei trading down by 2.57 points at 16,797.48. Hang Seng slipped by 27.81 points to trade at 21,863.29. Singapore Straits times decreased by 2.56 points to trade at 3,378.05.

Today, Nifty has support at 4,315 and resistance at 4,440 and BSE Sensex has support at 14,880 and resistance at 15,197.

End Session Market Commentary

The BSE Sensex ended the session on a positive note as it closed higher by 148.96 points at 15,017.21 while Nifty increased by 40.3 points to close at 4,373.65. The BSE Mid cap and Small cap closed up by 67.55 points and 124.15 points to close at 6,575.17 and 8,028.28 respectively. Of the 2,759 stocks actively traded on BSE, 1,906 stocks advanced while 804 stocks declined.

BSE Metal index increased by 145.22 points to close at 11,008.83 as Jindal Saw (3.06%), Sterlite Industries (2.62%), Tata steel (1.29%), Nalco (1.04%), Hindalco industries (0.89%), SAIL (0.40%) and JSW steel (0.14%) closed in negative.

BSE Auto Index advanced by 89.53 points to close at 4,825.93 as Tata Motors (3.46%), Mahindra and Mahindra (2.80%), Bajaj Auto (2.64%) and Maruti Udyog (2.47%) closed in green while Hero Honda (0.33%) closed in red.

BSE oil & gas index advanced by 54.85 points to close at 7,810.81 as BPCL (1.56%), Reliance petroleum (1.06%), Reliance industries (1%), IPCL (0.64%), GAIL (0.45)% and HPCL (0.10%) closed higher.

BSE bankex index closed higher by 54.06 points at 7,827.77 as IDBI Bank (7.71%), ICICI bank (1.09%), Andhra Bank (1.02%), PNB (0.77%), BOI (0.62%), SBI (0.38%) and HDFC Bank (0.34%) closed in positive.

BSE Capital goods index grew by 47.04 points to close at 12,815.39 as ABB (1.45%), BHEL (0.94%), Siemens (0.41%) and L&T (0.14%) closed in green.

BSE Health Care Index grew by 40.05 points to close at 3,641.14 as Cipla (3.33%), Glennmark (3.04%), Ranbaxy (1.70%), Sun pharma (1.09%) and Dr Reddy lab (0.47%) closed higher while GlaxoSmithKline (0.22%) closed lower.

BSE FMCG index closed up by 29.11 points at 1,932.16 as HUL (4.04%), ITC (0.83%) and Dabur (0.49%) closed in green.

BSE IT index closed lower by 9.09 points at 4,765.04 as TCS (0.87%), HCL technologies (0.64%), Satyam (0.55%), Infosys (0.02%) and Wipro (0.02%) are closed in red.

Mid Market commentary

The market is still trading higher following the buying momentum seen in the in the selective scrips led by the Capital Goods and Metal stocks. However the IT stocks are facing the selling tune. The overall market breadth is strong as 1797 stocks are advancing while 682 stocks are declining and 63 stocks remained unchanged on BSE.

At 12.31 pm, BSE sensex was at 14,981.52 up by 113.27 points while Nifty was at 4,365.60 up by 32.35 points. The BSE mid cap is higher by 60.65 points at 6,568.27 and small cap advanced by 120.52 points to 8,024.65.

BSE Capital goods index surged 84.19 points to 12,852.54 as BHEL (1.36%), Siemens (1.07%), ABB (0.92%) and L&T (0.45%) are trading in positive.

BSE Metal index advanced 82.25 points to trade at 10,945.86 as Tata Steel (1.57%), NALCO (0.79%), SAIL (0.67%) and Hindalco (0.66%) are trading in green.

BSE Auto index grew 38.52 points to trade at 4,774.92 as Tata Motors (1.94%), M&M (1.49%), Maruti Udyog (1.48%) and Hero Honda Motors (0.30%) are trading in green.

BSE Health Care index improved 21.76 points to trade at 3,622.85 as Sun Pharma (1.64%), Cipla (1.63%), Dr. Reddy (1.11%) and Ranbaxy (0.27%) are trading higher.

BSE FMCG index increased 18.50 points to trade at 1,921.55 as HUL (3.06%), Dabur (0.98%) and ITC (0.61%) are trading in positive.

BSE Banks index is trading up by 5.48 points to trade at 7,779.19 as PNB (0.60%), ICICI Bank (0.35%) and HDFC Bank (0.18%) are trading higher.

BSE Oil & Gas index was trading 19.77 points higher at 7,775.73 as BPCL (1.90%), HPCL (0.80%), RPL (0.88%), RPL (1.77%) and IPCL (0.28%) are trading in positive.

BSE IT index decreased 25.28 points to trade at 4,748.85 as Infosys (1.07%) and TCS (0.61%) are trading down while HCL Tech. (0.31%) and Satyam (0.21%) are trading up.

Pre Open Market Commentary

Indian market is likely to have a positive opening as the Asian market is trading firm and US market closed in mixed. On Friday, the Indian markets ended on a negative note, as BSE Sensex closed lower by 231.90 points at 14,868.25, while Nifty declined by 69.85 points to close at 4,333.35. We expect the market to remain range bound during the trading session.

Friday, the US markets closed mixed. The Dow Jones Industrial Average (DJI) increased marginally by 8.61 points to close at 13,279.29. The S&P 500 (SPX) index closed little higher by 5.08 points at 1,458.17 while the NASDAQ Composite (RIXF) slipped by 6.15 points to close at 2,550.34.

Indian ADRs ended in mixed. In technology sector, Patni computers grew by (0.72%) while Wipro, Satyam and Infosys slipped by (2.28%), (2.15%) and (0.61%) respectively. In banking sector, ICICI bank and HDFC bank increased by (1.90%) and (1.44%) respectively. MTNL and VSNL closed lower by (1.14%) and (0.33%) respectively.

The major stock markets in Asia are trading firm. Japan''s Nikkei trading higher by 80.50 points at 16,844.59. Hang Seng grew by 120.07 points to trade at 21,912.78. Taiwan weighted trading higher by 24.08 points at 8,955.39.

Today, Nifty has support at 4,298 and resistance at 4,390 and BSE Sensex has support at 14,750 and resistance at 15,100.

End Session Market Commentary

The BSE Sensex ended the session on a negative note as it closed lower by 231.90 points at 14,868.25 while Nifty decreased by 69.85 points to close at 4,333.35. The BSE Mid cap and Small cap closed lower by 51.96 points and 59.99 points to close at 6,507.62 and 7,964.12 respectively. Of the 2,660 stocks actively traded on BSE, 1,591 stocks declined while 1,023 stocks advanced.

BSE IT index closed higher by 40.28 points at 4,774.13 as HCL technologies (3.80%), Satyam (2.63%), Infosys (0.84%) and wipro (0.47%) closed in green while TCS (0.13%) closed in red.

BSE bankex index closed lower by 201.77 points at 7,773.71 as PNB (2.85%), ICICI bank (2.76%), SBI (2.57%) and HDFC Bank (2.05%) closed lower while IDBI Bank (0.39%) closed higher.

BSE Capital goods index dropped by 115.37 points to close at 12,768.35 as ABB (2.94%), Siemens (2.42%), BHEL (2.22%) and L&T (0.79%) closed in negative.

BSE Metal index decreased by 255.26 points to close at 10,863.61 as Hindalco industries (3.11%), Sterlite Industries (2.83%), Tata steel (2.54%), JSW steel (1.26%) and Jindal Saw (1.22%) and SAIL (0.53%) closed in negative.

BSE oil & gas index slipped by 135.19 points to close at 7,755.96 as GAIL (2.76%), ONGC (2.74%), IPCL (1.44%), BPCL (0.91%) and HPCL (0.49%) closed lower while Reliance petroleum (0.22%) closed higher.

BSE FMCG index closed lower by 16.98 points at 1,903.05 as HUL (2.69%), Dabur (0.63%) and ITC (0.46%) closed in red.

BSE Auto Index decreased by 32.75 points to close at 4,736.40 as Hero Honda (2.74%), Mahindra and Mahindra (2.53%) and Maruti Udyog (2.24%) closed in red while Bajaj Auto (1.21%) and Tata Motors (0.91%) closed in green.

BSE Health Care Index fell by 50.19 points at 3,601.09 as Glennmark (3.80%), Cipla (1.73%), Ranbaxy (1.02%) and Dr Reddy lab (0.81%) closed lower while Sun pharma (2.24%) and GlaxoSmithKline (0.36%) closed higher.

Mid Market Commentary

The market is still trading in deep negative territory following the ongoing subprime problem globally. The heavy profit booking continued across the board. The Metal, Capital Goods, Realty and Bank are the hardest hit sectors. The overall market breadth is strong as 1740 stocks are advancing while 683 stocks are declining and 53 stocks remained unchanged on BSE.

At 12.31 pm, BSE sensex was at 14,708.73 down by 391.42 points while Nifty was at 4,279 down by 124 points. The BSE mid cap is lower by 153.86 points at 6,405.72 and small cap dropped by 168.92 points to 7,795.20.

BSE Metal index dropped 393.99 points to trade at 10,724.88 as Hindalco (3.21%), Tata Steel (3.07%), NALCO (2.70%) and SAIL (2%) are trading in red.

BSE Capital goods index slipped 322.15 points to 12,561.57 as ABB (3.47%), Siemens (3.27%), BHEL (2.77%) and L&T (2.12%) are trading in negative.

BSE Banks index is trading down by 279.23 points to trade at 7,696.25 as PNB (3.91%), ICICI Bank (3.60%), SBI (3.51%) and HDFC Bank (2.85%) are trading in negative.

BSE Oil & Gas index was trading 221.25 points down at 7,669.90 as ONGC (3.23%), GAIL (2.80%), IPCL (2.75%), RPL (1.77%), HPCL (0.79%) and BPCL (0.63%) are trading lower.

BSE Auto index fell 106 points to trade at 4,663.15 as Hero Honda Motors (3.82%), Maruti Udyog (3.02%), M&M (2.62%), Bajaj Auto (1.80%) and Tata Motors (1.66%) are trading in red.

BSE IT index decreased 95.43 points to trade at 4,638.42 as TCS (3.23%), Wipro (3.14%), HCL Tech. (2.57%), Infosys (1.40%) and Satyam (0.85%) are trading down.

BSE Health Care index decreased 72.14 points to trade at 3,579.14 as Cipla (2.13%), Ranbaxy (1.34%), GSK (1.33%), Sun Pharma (1.18%) and Dr. Reddy (0.63%) are trading lower.

BSE FMCG index dropped 41.92 points to trade at 1,878.11 as Dabur (2.88%), HUL (1.99%) and ITC (1.83%) are trading in red.

Pre Open Market Commentary

Indian market is likely to have a negative opening on the back of weak global cues. On Thursday, the Indian markets ended on a negative note, as BSE Sensex closed lower by 207.83 points at 15,100.15 while Nifty declined by 58.9 points to close at 4,403.20. We expect the market to trade lower during the trading session.

Thursday, the US markets closed in red. The Dow Jones Industrial Average (DJI) decreased by 387.18 points to close at 13,270.68. The S&P 500 (SPX) index closed lower by 44.40 points at 1,453.09 while the NASDAQ Composite (RIXF) slipped by 56.49 points to close at 2,556.49.

Indian ADRs ended in negative territory. In technology sector, Infosys declined by (3.84%) along with Satyam by (3.26%), Patni computers 2.84% and Wipro by (2.30%). In banking sector, HDFC bank and ICICI bank decreased by (6.01%) and (5.99%) respectively. VSNL and MTNL closed lower by (5.34%) and (4.88%) respectively.

The major stock markets in Asia are trading weak. Japan''s Nikkei trading down by 448.64 points at 16,721.96. Hang Seng declined by 684.82 points to trade at 21,754.54. Taiwan weighted trading lower by 266.30 points at 8,916.30. Singapore straits times slipped by 116.36 points to trade at 3,296.81.

Today, Nifty has support at 4,205 and resistance at 4,404 and BSE Sensex has support at 14,500 and resistance at 15,101.

Post Session Market Commentary

The BSE Sensex ended the session on a negative note as it closed lower by 207.83 points at 15,100.15 while Nifty declined by 58.9 points to close at 4,403.20. The BSE Mid cap and Small cap closed lower by 106.09 points and 87.10 points to close at 6,559.58 and 7,964.12 respectively. Of the 2,670 stocks actively traded on BSE, 1,611 stocks declined while 1,011 stocks advanced.

BSE IT index decreased by 74.58 points to close at 4,733.85 as Satyam (2.55%), Infosys (1.61%), HCL technologies (1.28%) and TCS (0.62%) closed in red while wipro (0.37%) is closed in green.

BSE bankex index closed down by 100.84 points at 7,975.48 as IDBI Bank (4.3%), SBI (3.30%), PNB (1.74%) and HDFC Bank (1.41%) closed in negative while ICICI bank (0.72%) closed in positive.

BSE Capital goods index dropped by 228 points to close at 13,032.66 as L&T (1.69%), ABB (1.27%) and Siemens (0.80%) closed lower while BHEL (1.21%) is closed higher.

BSE Metal index decreased by 103.15 points to close at 11,118.87 as Hindalco industries (3.61%), JSW steel (2.86%), Jindal Saw (2.12%) and Sterlite Industries (0.14%) closed in negative while SAIL (1.14%) and Tata steel (0.29%) closed in positive.

BSE oil & gas index slipped by 157.60 points at 7,891.15 as GAIL (2.45%), ONGC (2.43%), HPCL (2.41%), Reliance petroleum (2.21%), IPCL (2.05%) and BPCL (1.27%) closed in negative.

BSE FMCG index closed lower by 33.77 points at 1,920.03 as ITC (2.03%), HUL (0.86%) and Dabur (0.34%) closed in red.

BSE Auto Index decreased by 41.59 points to close at 4,769.15 as Maruti Udyog (1.03%), Bajaj Auto (0.85%) and Mahindra and Mahindra (0.29%) closed lower while Tata Motors (0.30%) and Hero Honda (0.18%) closed higher.

BSE Health Care Index slipped by 20.31 points at 3,651.28 as Glennmark (2.48%), Ranbaxy (2.66%), GlaxoSmithKline (1.13%) and Sun pharma (0.46%) closed in red while Dr Reddy lab (1.23%) and Cipla (0.91%) closed in green.

Mid Market Commentary

The market is still trading higher but off the day''s high as some profit booking emerged in the selective scrips. The overall market breadth is strong as 1740 stocks are advancing while 683 stocks are declining and 53 stocks remained unchanged on BSE.

At 12.31 pm, BSE sensex was at 15,460.03 up by 152.05 points while Nifty was at 4,506.50 up by 44.40 points. The BSE mid cap is higher by 48.29 points at 6,713.96 and small cap advanced by 96.89 points to 8,148.11.

BSE Metal index improved 251.31 points to trade at 11,473.33 as SAIL (4.05%), Tata Steel (3.23%), Hindalco (1.85%) and NALCO (0.38%) are trading in green.

BSE Capital goods index surged 194.71 points to 13,227.37 as BHEL (3.62%), ABB (1.67%), Siemens (1.11%) and L&T (1.04%) are trading in positive.

BSE Banks index is trading up by 141.78 points to trade at 8,218.10 as ICICI Bank (3.28%), HDFC Bank (1.54%), PNB (0.96%) and SBI (0.41%) are trading in positive.

BSE Oil & Gas index was trading 99.01 points higher at 8,147.76 as IPCL (1.89%), GAIL (1.21%), RPL (0.87%) and ONGC (0.68%) are trading higher.

BSE Auto index grew 61.56 points to trade at 4,872.30 as Tata Motors (2.88%), Maruti Udyog (2.75%), Bajaj Auto (1.17%), M&M (1.16%), and Hero Honda (0.15%) are trading in green.

BSE Health Care index increased 36.37 points to trade at 3,707.96 as Cipla (1.08%), Dr. Reddy (0.95%), Ranbaxy (0.79%) and Sun Pharma (0.53%) are trading higher.

BSE IT index increased 29.80 points to trade at 4,838.23 as TCS (1.47%), Wipro (1.47%) and Satyam (1.04%) are trading up while HCL Tech. (0.63%) and Infosys (0.15%) are trading down.

BSE FMCG index improved 5.63 points to trade at 1,959.43 as Dabur (0.14%) and ITC (0.12%) are trading in green while HUL (0.30%) is trading in red.

Pre Open Market Commentary

Indian market is likely to have a positive opening on the back of strong positive global cues. On Wednesday, the Indian markets ended on a strong positive note, as BSE Sensex closed higher by 375.21 points at 15,307.98 while Nifty grew by 105.75 points to close at 4,462.10. We expect the market to see some bull run during the trading session.

Wednesday, the US markets closed in green. The Dow Jones Industrial Average (DJI) grew by 153.56 points to close at 13,657.86. The S&P 500 (SPX) index closed higher by 20.78 points at 1,497.49 while the NASDAQ Composite (RIXF) advanced by 51.38 points to close at 2,612.98.

Indian ADRs ended in positive territory. In technology sector, Infosys grew by (5.65%) along with Satyam by (5.04%), Wipro by (4.44%) and Patni computers by (4.08%). In banking sector, ICICI bank and HDFC Bank grew by (5.08%) and (2.92%) respectively. MTNL and VSNL closed higher by (3.80%) and (3.66%) respectively.

The major stock markets in Asia are trading strong. Japan''s Nikkei trading up by 211.71 points at 17,240.99. Hang Seng surged by 210.30 points to trade at 22,746.97. Taiwan weighted was trading higher by 78.41 points at 9,177.87. Singapore straits times increased by 111.16 points to trade at 3,413.17.

Today, Nifty has support at 4,440 and resistance at 4,560 and BSE Sensex has support at 15,250 and resistance at 15,645.

End Session Market Commentary

The BSE Sensex ended the session on a strong positive note as it closed higher by 375.21 points at 15,307.98 while Nifty grew by 105.75 points to close at 4,462.10. The BSE Mid cap and Small cap closed higher by 90.77 points and 136.85 points to close at 6,665.67 and 8,051.22 respectively. Of the 2,724 stocks actively traded on BSE, 1,978 stocks advanced while 696 stocks declined.

BSE IT index increased by 189.96 points to close at 4,808.43 as HCL technologies (6.36%), Infosys (4.73%), TCS (4.13%), Wipro (3.69%), Satyam (3.52%) and Patni computers (1.68%) closed in green.

BSE bankex index closed up by 147.20 points at 8,076.32 as PNB (3.22%), Allahabad bank (3.15%), HDFC Bank (2.57%), ICICI bank (1.50%) and SBI (1.35%) closed in positive while Yes bank (1.26%) closed in negative.

BSE Capital goods index grew by 228 points to close at 13,032.66 as BHEL (2.43%), Siemens (2.16%), ABB (2.04%) and L&T (1.62%) closed higher.

BSE Metal index improved by 180.16 points to close at 11,222.02 as Hindalco industries (3.19%), SAIL (2.62%), Sterlite Industries (1.61%), Tata steel (1.24%) are closed in positive.

BSE oil & gas index increased by 244.20 points at 7,804.55 as IPCL (3.53%), ONGC (2.26%), BPCL (1.95%), HPCL (1.25%), Reliance petroleum (1.27%) and GAIL (0.93%) are closed higher.

BSE FMCG index closed higher by 16.73 points at 1,953.80 as Dabur (1.77%), HUL (1.37%) and ITC (0.30%) closed higher.

BSE Auto Index grew by 66.94 points to close at 4,810.74 as Hero Honda (3.49%), Mahindra and Mahindra (1.66%), Bajaj Auto (1.56%), Maruti Udyog (1.54%) and Tata Motors (0.58%) closed higher.

BSE Health Care Index closed higher by 44.43 points at 3,671.59 as Ranbaxy (3.44%), Sun pharma (2.84%), GlaxoSmithKline (1.80%) and Glennmark (1.30%) closed higher while Dr Reddy lab (0.82%) and Cipla (0.40%) closed lower.

Mid Market Commentary

The market has managed its opening rally and gained further grounds on the back of strong buying seeing in the IT, Capital Goods, Bank, Metal and Oil & Gas stocks. The IT stocks are in demand today on the back of the latest move by the government to tighten external commercial borrowings (ECB), which is likely to put check on the foreign currency inflows. The overall market breadth is strong as 1970 stocks are advancing while 517 stocks are declining and 57 stocks remained unchanged on BSE.

At 12.31 pm, BSE sensex was at 15,250.13 up by 317.36 points while Nifty was at 4,444.80 up by 88.45 points. The BSE mid cap is higher by 97.86 points at 6,672.76 and small cap advanced by 139.74 points to 8,054.11.

BSE IT index increased 233.80 points to trade at 4,852.27 as Satyam (5.40%), Infosys (5.38%), HCL Tech. (5.35%), Wipro (4.78%) and TCS (4.51%) are trading up.

BSE Capital goods index surged 176.56 points to 12,981.22 as ABB (2.06%), Siemens (1.78%), BHEL (1.08%) and L&T (0.81%) are trading in positive.

BSE Banks index is trading up by 169.97 points to trade at 8,099.09 as PNB (2.58%), HDFC Bank (2.54%), SBI (1.84%) and ICICI Bank (1.84%) are trading in positive.

BSE Metal index improved 122.85 points to trade at 11,164.71 as Hindalco (2.55%), SAIL (2.08%), NALCO (1.56%) and Tata Steel (0.94%) are trading in green.

BSE Oil & Gas index was trading 117.67 points higher at 7,922.22 as RPL (1.75%), ONGC (1.61%), IPCL (1.40%), GAIL (0.61%), HPCL (0.39%) and BPCL (0.32%) are trading higher.

Pre Open Market Commentary

Indian market is likely to have a positive opening on the back of positive global cues. On Tuesday, the Indian markets ended on a positive note, as BSE Sensex closed higher by 29.74 points at 14,932.77 while Nifty increased by 16.85 points to close at 4,356.35. We expect the market to trade higher during the trading session.

Tuesday, the US markets closed in green. The Dow Jones Industrial Average (DJI) grew by 35.52 points to close at 13,504.30. The S&P 500 (SPX) index closed higher by 9.04 points at 1,476.71 while the NASDAQ Composite (RIXF) grew by 14.27 points to close at 2,561.60.

Indian ADRs ended in mixed. In technology sector, Satyam grew by 1.72% along with Infosys by (0.60%) while Patni computers and Wipro decreased by (1.01%) and (0.51%) respectively. In banking sector, HDFC Bank grew by 0.33% while ICICI bank decreased by (3.26%). MTNL and VSNL closed higher by (3.19%) and (2.01%) respectively.

The major stock markets in Asia are trading strong. Japan''s Nikkei trading up by 99.36 points at 17,021.13. Hang Seng surged by 244.40 points to trade at 22,152.39. Taiwan weighted was trading higher by 139.51 points at 9,001.82. Singapore straits times advanced by 71.06 points to trade at 3,373.07.

Today, Nifty has support at 4,328 and resistance at 4,420 and BSE Sensex has support at 14,840 and resistance at 15,210.

End Session Market Commentary

The BSE Sensex ended the session on a positive note as it closed higher by 29.74 points at 14,932.77 while Nifty increased by 16.85 points to close at 4,356.35. The BSE Mid cap and Small cap closed higher by 21.97 points and 71.78 points to close at 6,574.90 and 7,914.37 respectively. Of the 2,704 stocks actively traded on BSE, 1,696 stocks advanced while 950 stocks declined.

BSE FMCG index closed lower by 27.20 points at 1,937.07 as ITC (3.10%) and Dabur (0.39%) closed lower.

BSE Capital goods index grew by 64.67 points to close at 12,804.66 as Suzlon Energy (4.49%), ABB (0.35%), Siemens (0.28%) and L&T (0.17%) closed higher while BHEL (0.69%) closed in red.

BSE Metal index decreased by 97.57 points to close at 11,041.86 as Sterlite Industries (2.02%), Tata steel (1.13%), SAIL (1.06%) and Hindalco industries (0.38%) closed lower.

BSE oil & gas index increased by 85.29 points at 7,804.55 as HPCL (2.28%), BPCL (1.64%), GAIL (1.02%), Reliance petroleum (0.93%) and IPCL (0.73%) closed higher while ONGC (0.22%) closed .

BSE bankex index closed lower by 33.84 points at 7,929.12 as Yes bank (3.02%) and ICICI bank (1.90%) closed in red while Allahabad bank (1.38%), HDFC Bank (0.63%) and PNB (0.46%) closed higher.

BSE Auto Index decreased marginally by 2.32 points to close at 4,743.80 as Bajaj Auto (1.39%) and Mahindra and Mahindra (0.15%) closed in negative while Tata Motors (1.17%) and Hero Honda (0.44%) closed in positive.

BSE IT index increased by 20.65 points to close at 4,618.47 as Infosys (0.64%), TCS (0.50%), Wipro (0.32%), Satyam (0.31%) and HCL technologies (0.10%) closed in green.

BSE Health Care Index closed higher by 28.39 points at 3,627.16 as Glennmark (2.26%), Cipla (1.49%), Dr Reddy lab (1.44%) and Sun pharma (0.14%) closed in green.

Mid Market Commentary

The market after a strong start to the session is now trading firm at higher level. All the sectorial indices are trading in green. The capital goods, Oil & Gas, Metal and Realty stocks sustained to face the buying momentum. The overall market breadth is positive as 1924 stocks are advancing while 523 stocks are declining and 51 stocks remained unchanged on BSE.

At 12.31 pm, BSE sensex was at 15,040.78 up by 137.75 points while Nifty was at 4,384.65 up by 45.15 points. The BSE mid cap is higher by 81.44 points at 6,634.37 and small cap advanced by 144.87 points to 7,987.46.

BSE Capital goods index surged 205.63 points to 12,945.62 as BHEL (1.79%), L&T (1.63%), ABB (1.63%) and Siemens (0.89%) are trading in positive.

BSE Metal index improved 128.38 points to trade at 11,267.81 as SAIL (1.37%), Tata Steel (0.92%) and Hindalco (0.63%) are trading in green.

BSE Oil & Gas index was trading 121.32 points higher at 7,840.58 as HPCL (3.20%), BPCL (2.25%), IPCL (1.41%), GAIL (1.24%), RPL (0.88%) and ONGC (0.11%) are trading higher.

BSE Auto index grew 49.55 points to trade at 4,795.67 as Tata Motors (2.16%), M&M (1.18%), Bajaj Auto (1.13%), Matruti Udyog (0.61%) and Hero Honda (0.15%) are trading in green.

BSE Health Care index increased 37.79 points to trade at 3,636.56 as GSK (1.92%), Dr. Reddy (1.12%), Ranbaxy (0.81%), Cipla (0.54%) and Sun Pharma (0.11%) are trading higher.

BSE Banks index is trading up by 96.44 points to trade at 8,059.40 as PNB (1.79%), SBI (1.49%), and HDFC Bank (0.88%) are trading in positive while ICICI Bank (0.11%) are trading in negative.

BSE IT index increased 32.21 points to trade at 4,630.03 as Wipro (1.97%), HCL Tech. (1.68%), Infosys (0.80%), Satyam (0.65%) and TCS (0.55%) are trading up.

BSE FMCG index improved 16.80 points to trade at 1,981.07 as ITC (0.41%) and Dabur (0.29%) is trading in green.

Pre Open Market Commentary

Indian market is likely to have a positive opening as the global cues are in favour. On Monday, the Indian markets ended on a negative note, as BSE Sensex closed lower by 235.37 points at 14,903.03 while Nifty decreased by 62.05 points to close at 4,339.50. 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 286.87 points to close at 13,468.78. The S&P 500 (SPX) index closed higher by 34.60 points at 1,467.67 while the NASDAQ Composite (RIXF) grew by 36.08 points to close at 2,547.33.

Indian ADRs ended in mixed. In technology sector, Infosys and Satyam computers increased by 0.58% and 0.19% respectively while Patni computers and Wipro decreased by (1.47%) and (0.93%) respectively. In banking sector, HDFC Bank and ICICI bank grew by (4.30%) and (0.90%) respectively. MTNL and VSNL closed higher by (5.19%) and (0.92%) respectively.

The major stock markets in Asia are trading higher. Japan''s Nikkei trading up by 20.62 points at 16,935.08. Hang Seng increased by 184.62 points to trade at 22,121.35. Taiwan weighted was trading higher by 54.21 points at 8,995.94. Singapore straits times advanced by 30.43 points to trade at 3,339.42.

Today, Nifty has support at 4,310 and resistance at 4,400 and BSE Sensex has support at 14,810 and resistance at 15,180.

End Session Market Commentary

The BSE Sensex ended the session on a negative note as it closed lower by 235.37 points at 14,903.03 while Nifty decreased by 62.05 points to close at 4,339.50. The BSE Mid cap and Small cap decreased by 52.31 points and 48.95 points to close at 6,552.93 and 7,842.59 respectively. Of the 2,669 stocks actively traded on BSE, 1,499 stocks declined while 1,103 stocks advanced.

BSE FMCG index closed little higher by 7.16 points at 1,964.27 as ITC (1.77%) and Dabur (1.24%) closed higher while HUL (2.20%) closed lower.

BSE Capital goods index decreased by 236.29 points to close at 12,739.99 as Suzlon Energy (3.59%), L&T (2.86%), BHEL (2.14%) and Siemens (1.77%) closed in red while ABB (0.90%) closed in green.

BSE Metal index decreased by 185.20 points to close at 11,139.43 as Hindalco industries (3.05%), Sterlite Industries (2.37%), SAIL (1.58%) and Tata steel (0.27%) and are closed lower.

BSE oil & gas index dropped by 89.08 points at 7,719.26 as Reliance petroleum (0.35%), ONGC (1.67%), GAIL (2.25%) and IPCL (0.96%) closed in red while BPCL (0.99%) and HPCL (0.81) closed in green.

BSE bankex index closed lower by 85.55 points at 7,962.96 as ICICI bank (3.03%), HDFC Bank (1.60%) and IDBI (1.47%) closed lower while SBI (2.80%) and PNB (0.83%) closed higher.

BSE Auto Index decreased by 50.53 points to close at 4,746.12 as Maruti Udyog (2.95%), Tata Motors (1.01%), Bajaj Auto (0.98%) and Hero Honda (0.64%) closed lower while Mahindra and Mahindra (0.27%) closed higher.

BSE IT index slipped by 106.48 points to close at 4,597.82 as Infosys (2.74%), Wipro (2.64%), Satyam (2.18%) and HCL technologies (0.17%) closed in negative while TCS (0.52%) closed in positive.

BSE Health Care Index closed lower by 29.68 points at 3,598.77 as Cipla (1.50%), Sun pharma (1.09%) and Glennmark (1.43%) closed in red while Ranbaxy labs (0.93%) and Dr Reddy lab (0.57%) closed in green.

Mid Market Commentary

The market after a steep fall in the opening session now become stable and is trading lower. All the sectorial indices are trading in red. The overall market breadth is negative as 786 stocks are advancing while 1614 stocks are declining and 50 stocks remained unchanged on BSE.

At 12.31 pm, BSE sensex was at 14,813.37 down by 325.03 points while Nifty was at 4,309.55 down by 92 points. The BSE mid cap is lower by 102.33 points at 6,502.91 and small cap dropped by 91.36 points to 7,800.18.

BSE Capital goods index dropped 305.09 points to 12,671.19 as BHEL (2.96%), L&T (2.90%), Siemens (2.87%) and ABB (1.91%) are trading in negative.

BSE Metal index decreased 295.67 points to trade at 11,028.96 as Hindalco Industries (4.91%), SAIL (2.68%) and Tata Steel (2.15%) are trading in red.

BSE Banks index is trading down by 154.37 points to trade at 7,894.14 as ICICI Bank (3.17%), HDFC Bank (2.94%), PNB (1.40%) and SBI (0.67%) are trading in negative.

BSE Oil & Gas index was trading 120.43 points lower at 7,687.91 as IPCL (2.51%), GAIL (2.42%), ONGC (0.90%) and RPL (0.88%) are trading in negative.

BSE IT index decreased 92.50 points to trade at 4,611.80 as HCL Tech. (4.36%), Wipro (2.55%), Satyam (2.54%) and Infosys (1.62%) are trading down.

BSE Auto index fell 66.52 points to trade at 4,731.13 as Maruti Udyog (2.94%), M&M (1.77%), Hero Honda (1.53%), Bajaj Auto (1.29%) and Tata Motors (0.91%) are trading in red.

BSE Health Care index dropped 31.69 points to trade at 3,596.76 as Cipla (1.60%), Sun Pharma (1.51%), GSK (0.35%) and Dr. Reddy (0.32%) are trading lower.

BSE FMCG index slipped 18.87 points to trade at 1,938.24 as HUL (2.44%) and ITC (1.76%) are trading in red while Dabur (0.99%) is trading in green.

Pre Open Market Commentary

Indian market is likely to have a negative opening on the back of negative global cues. On Friday, the Indian markets ended on a positive note, as BSE Sensex closed higher by 152.70 points at 15,138.40 while Nifty increased by 89.82 points to close at 4,397.55. We expect the market to remain cautious during the trading session.

Friday, the US markets closed in red. The Dow Jones Industrial Average (DJI) decreased by 281.42 points to close at 13,191.91. The S&P 500 (SPX) index closed lower by 39.14 points at 1,433.06 while the NASDAQ Composite (RIXF) decreased by 64.73 points to close at 2,511.25.

Indian ADRs ended in red. In technology sector, Wipro declined by 3.93% along with Satyam computers (3.26%), Infosys by 3.07% and Patni computers by (0.98%). In banking sector, HDFC Bank and ICICI bank decreased by (4.77%) and (3.49%) respectively. MTNL and VSNL closed lower by (7.49%) and (5.87%) respectively.

The major stock markets in Asia are trading weak. Japan''s Nikkei trading lower by 148.16 points at 16,831.70. Hang Seng declined by 476.06 to trade at 22,062.38. Taiwan weighted was trading in red at 8,895.20 down by 162.62 points. Singapore straits times slipped by 117.54 points to trade at 3,318.50.

Today, Nifty has support at 4,235 and resistance at 4,425 and BSE Sensex has support at 14,690 and resistance at 15,190.

End Session Market Commentary

The BSE Sensex ended the session on a positive note as it closed higher by 152.70 points at 15,138.40 while Nifty increased by 45.2 points to close at 4401.55. The BSE Mid cap and Small cap increased by 89.82 points and 86.08 points to close at 6,605.24 and 7,891.54 respectively. Of the 2,606 stocks actively traded on BSE, 1,539 stocks advanced while 999 stocks declined.

BSE Capital goods index grew by 184.34 points to close at 12,976.28 as Siemens (3.79%), L&T (1.32%), BHEL (1.27%) and ABB (0.75%) closed in green.

BSE Metal index increased by 155.26 points to close at 11,324.63 as SAIL (3.34%), Tata steel (2%) and Hindalco industries (1.75%) closed higher while Nalco (0.28%) closed lower.

BSE oil & gas index advanced by 32.32 points at 7,808.34 as Reliance petroleum (3.14%), ONGC (1.15%), IOC (0.83%), GAIL (0.69%), HPCL (0.55%) and IPCL (0.15%) closed in green.

BSE bankex index closed higher by 101.71 points at 8,048.51 as SBI (2.72%), Canara bank (2.44%), HDFC (2.24%), ICICI bank (1.65%), Andhra bank (0.98%), Allahabad Bank (0.94%) and PNB (0.52%) closed higher.

BSE Auto Index increased by 49.57 points to close at 4,796.65 as Maruti Udyog (1.67%), Bajaj Auto (1.64%) Hero Honda (0.93%), Tata Motors (0.51%) and Mahindra and Mahindra (0.19%) closed in green.

BSE IT index grew by 55.19 points to close at 4,704.30 as Wipro (1.48%), Satyam (1.24%), Infosys (1.04%), HCL technologies (0.22%) and TCS (0.12%) closed in positive.

BSE Health Care Index closed up by 12.97 points at 3,628.45 as Sun pharma (1.60%) and Glennmark (0.81%) closed in green while Ranbaxy labs (1.40%), Dr Reddy lab (1.28%) and Glaxosmithkline (0.36%) closed in red.

BSE FMCG index closed higher by 24.78 points at 1,957.11 as HUL (1.54%) and and ITC (0.95%) closed higher while Dabur (0.25%) closed lower.

Mid Market Commentary

The market is trading in strong as robust buying interest seen across the board. All the BSE sectorial indices are trading in green. Capital Goods, Realty, Metal and Bank stocks are the most demanding ones. The overall market breadth is positive as 1703 stocks are advancing while 637 stocks are declining and 60 stocks remained unchanged on BSE.

At 12.31 pm, BSE sensex was at 15,189.90 up by 204.20 points while Nifty was at 4,413.50 up by 57.15 points. The BSE mid cap is higher by 93.41 points at 6,608.83 and small cap advanced by 106.38 points to 7,911.84.

BSE Capital goods index surged 251.31 points to 13,043.25 as BHEL (2.12%), L&T (2.01%), ABB (1.93%) and Siemens (1.74%) are trading in positive.

BSE Metal index increased 210.60 points to trade at 11,379.97 as SAIL (3.47%), Hindalco (1.88%) and Tata Steel (1.72%) are trading in green while NALCO (0.39%) is trading in red.

BSE Banks index is trading up by 131.24 points to trade at 8,078.04 as SBI (2.82%), PNB (2.22%), ICICI Bank (1.44%) and HDFC Bank (0.61%) are trading in positive.

BSE Oil & Gas index was trading 105.56 points higher at 7,881.58 as RPL (1.82%), IPCL (1.40%), ONGC (1.03%), GAIL (0.91%) and BPCL (0.65%) are trading in positive.

BSE Auto index grew 61.14 points to trade at 4,808.22 as Maruti Udyog (2.04%), M&M (1.78%), Tata Motors (1.69%), Bajaj Auto (1.27%) and Hero Honda (0.46%) are trading in green.

BSE IT index increased 51.39 points to trade at 4,700.50 as Satyam (1.50%), Wipro (1.30%), Infosys (0.79%) and TCS (0.27%) are trading up.

BSE FMCG index advanced 35.21 points to trade at 1,967.54 as ITC (2.38%), HUL (0.99%) and Dabur (0.99%) are trading in green.

BSE Health Care index improved 16.47 points to trade at 3,631.95 as Sun Pharma (0.11%) is trading higher while GSK (1.97%), Ranbaxy (0.54%) and Dr. Reddy (0.47%) 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 closed in green. On Thursday, the Indian markets ended on a positive note, as BSE Sensex closed higher by 49.93 points at 14,985.70 while Nifty increased by 10.5 points to close at 4,356.35. We expect the market to remain range bound during the trading session.

Thursday, the US markets closed in green. The Dow Jones Industrial Average (DJI) increased by 100.96 points to close at 13,463.33. The S&P 500 (SPX) index closed higher by 6.39 points at 1,472.20 while the NASDAQ Composite (RIXF) grew by 22.11 points to close at 2,575.98.

Indian ADRs ended in mixed. In technology sector, Satyam computers grew by (1.20%) along with Wipro by (0.69%) and Infosys by (0.61%) respectively while Patni computers decreased by (3.85%). In banking sector, HDFC Bank increased by (0.94%) while ICICI bank decreased by (0.07%). VSNL and MTNL closed lower by (2.09%) and (0.98%) respectively.

The major stock markets in Asia are trading firm. Japan''s Nikkei trading higher by 24.56 points at 17,008.67.Hang Seng grew by 121.63 to trade at 22,564.88. Taiwan weighted was trading up by 107.66 points at 9,058.23.

Today, Nifty has support at 4,330 and resistance at 4,418 and BSE Sensex has support at 14,890 and resistance at 15,250.