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