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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment