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
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