Post Session Market

The market rallied during the session due to smooth rollover of September contract yesterday. The market closed the session on a strong note as BSE Sensex surged by 140.54 points to close at 17,291.10 while Nifty grew by 20.8 points to close at 5,021.35. The Sensex touched the psychological mark of 17,361.47 during the trading session. Overall, the market breadth was little weak as 1396 stocks were closed in red and 1379 stocks were ended in green while 63 stocks remained unchanged in BSE. Both the BSE mid cap and small cap closed higher by 90.47 points and 53.38 points at 7,422.43 and 9,099.93 respectively.

BSE Metal index surged by 442.79 points to close at 13,945.39 due to the rise in the global commodity prices as well as due to corrections in the Chinese steel prices. Pushing this index up are Sesa Goa ltd 7.13%, Tata steel 7.02%, Hindalco 4.81%, Jindal stainless 3.89% and JSW Steel 3.38% .

BSE bankex index advanced by 239.74 points at 9,469.26 on the expectations that RBI will cut the interest rate in the coming meeting. Leading this pack are Bank of India 6.44%, Yes bank 5.83%, Allahabad bank 4.57%, Union bank 4.05% and SBI 3.43%, .

BSE auto index closed up by 61.60 points at 5,332.26 as Ashok Leyland 4.82%, Punjab tractors 4.23%, Tata motors 3.68%, Maruti udyog 2.39% are closed in green.

BSE health care index jumped by 63.98 points to close at 3,784.21 as Novartis India 5.18%, Biocon 3.78%, Cipla 3.52%, Ranbaxy labs 3.33% closed in positive.

The oil and gas index slipped by 77.15 points to close at 9561.95 as Essat oil 3.87%, HPCL 2.37%, ONGC 1.42%, BPCL 1.21% and reliance industries 1.03% at Rs2296.20 closed in red.

The IT index closed lower by 15.60 points at 4,627.83. Pushing it down are rolta India 2.13%, HCL tech 2.04%, tech Mahindra 1.46%, Mphasis 0.66% and TCS 0.48% closed in negative.

The capital goods index fell 11.23 points to close at 14,679.84 as carbo universal 2.64%, jyoti structure 2.67%, L&T 0.86%, BHEL 0.39% and Siemens 0.23% closed lower.

Mid Session Market

The market is now trading higher with significant gains on account of strong buying is seen in the Metal, Capital Goods and Bank stocks. The overall market breadth is positive as 1362 stocks are advancing while 1210 stocks are declining and 71 stocks remained unchanged on BSE.
Inflation number for the week ended Sep 15 was reported at 3.23% as against 3.32% during the same period of the previous year.
At 12.40 pm, BSE Sensex was at 17,266.79 up by 116.23 points while Nifty was at 5,031.30 up by 30.75 points. The BSE mid cap is higher by 51.96 points at 7,383.92 and small cap advanced by 52.50 points to 9,099.05.
BSE Metal index surged 456.29 points to trade at 13,958.89. The major gainers are Tata Steel (7.07%), JSW Steel (5.34%), SAIL (3.18%) and Hindalco Industries (3.90%). Tata Steel surged as the company is expecting nearly 60% of its revenue from its overseas operations.
BSE Capital goods index improved 141.51 points to 14,832.58. Leading to this charge are BHEL (1.62%), ABB (1.56%), L&T (0.74%) and Siemens (0.67%).Suzlon Energy is trading higher by (1.42%) to Rs.1,468.05 as the company has bagged an order worth over Rs 31 crore from the Turkish wind energy firm Ayen Enerji.
BSE Banks index increased by 120.93 points to trade at 9,350.45. The main gainers are SBI (3.14%), ICICI Bank (1.75%) and PNB (1.12%).
BSE IT index improved by 27.76 points to trade at 4,671.19 as Satyam (1.81%), Wipro (1.09%), and Infosys (0.37%).Satyam is trading as the company has launched a new solutions centre in Brisbane. The facility will support Queensland-based clients across various IT platforms with an emphasis on enterprise application-based solutions.
BSE Oil & Gas index was trading 13.99 points higher at 9,653.09 as RPL (1.99%), GAIL (1.32%), Indian Oil (1.57%) and ONGC (0.33%) are trading in positive.
BSE Auto index dropped 26.53 points to trade at 5,244.13. The main losers are Hero Honda (2.01%), M&M (1.86%), Bajaj Auto (1.46%) and Tata Motors (0.27%).

Pre Session Market

Indian market is likely to have a positive opening as the US market closed in green. On Thursday, the Indian markets ended on a positive note as BSE Sensex closed higher by 229.17 points at 17,150.56 while Nifty grew by 60.05 points to close at 5,000.55.Yestarday, Sensex touched the intraday high of 17,188.40 which is its all time high, while Nifty crossed psycholological mark of 5000. We expect the market to see some profit booking during the trading session.

On Thursday, the US market closed in positive territory. The Dow Jones Industrial Average (DJIA) surged 34.79 points to close at 13,912.94. The S&P 500 (SPX) index increased by 5.96 points to close at 1,531.38 and the NASDAQ Composite (RIXF) advanced 10.56 points to close at 2,709.59.

Indian ADRs ended in green. In technology sector, Satyam computers grew by (4.39%) along with Wipro by (3.07%) and Infosys by (2.71%). In banking sector, HDFC bank and ICICI bank grew by (1.78%) and (0.65%) respectively. Tata Motors grew by (0.32%). MTNL and VSNL advanced by (1.08%) and (0.27%) respectively.

The major stock markets in Asia are trading mixed. Japan''s Nikkei is trading lower by 47.57 points at 16,784.65. Hang Seng index trading flat at 27,058.50. Taiwan weighted is trading higher by 43.21 points at 9,456.86. Singapore Strait times trading down by 7.22 points at 3,707.55. Seoul Composite fell 4.48 points to trade at 1,940.80.

Yesterday, the gross equity purchased was Rs.3,810.70 (in crores) and the gross debt purchased was Rs122.60 (in crores). The gross equity sold was Rs2,806.80 (in crores), and the gross debt sold was Rs0.50 (in crores). The net investment of equity was Rs1003.90 (in crores) and the net debt investment was Rs122.10 (in crores).

Today, Nifty has support at 4,926 and resistance at 5,058 and BSE Sensex has support at 16,933 and resistance at 17,294.

Post Session Market

The market closed the session on a strong positive note as BSE Sensex surged by 229.17 points to close at 17,150.56 while Nifty grew by 60.05 points to close at 5000.55. Both the benchmark indices i.e. BSE Sensex and Nifty touched their lifetime highs. Sensex touched the intraday high of 17,188.40 while Nifty crossed psycholological mark of 5000 during the trading session. The market rallied towards the end on the back of strong global cues. Overall, the market breadth was little weak as 1477 stocks were closed in red and 1298 stocks were ended up in green while 57 stocks remained unchanged in BSE. The BSE mid cap fell 20.66 points to close at 7,331.96 while Small cap manages to close with gains of 17.21 point at 9,046.55.

BSE Metal index surged by 416.96 points to close at 13,502.60 as Sterlite Industries (6.48%), Tata Steel (5.82%), NALCO (4.96%), JSW Steel (2.36%) and SAIL (0.47%) are closed in green.

BSE IT index closed firmly at 4,643.43 as it was up by 141.46 points. Infosys (4.79%), HCL Tech. (3.05%), Satyam (2.56%), Tech Mahindra (2.20%), TCS (1.99%) and Wipro (1.26%) closed in green.

BSE bankex index improved by 111.72 points to close at 9,229.52 as HDFC Bank (4.26%), SBI (2.05%), AXIS Bank (1.61%), ICICI Bank (0.97%) and Andhra Bank (0.74%) closed higher.

BSE oil & gas index grew by 22.16 points to close at 9,639.10 as ONGC (3.74%) and GAIL India (1.15%) closed in green while IOCL (3.09%), RPL (2.77%), HPCL (2.05%) and BPCL (1.27%) closed in red.

BSE Capital goods index closed higher by 36.72 points at 14,691.07 as BEML (2.96%), BHEL (2.60%) and Suzlon energy (0.94%) closed higher while ABB (1.93%), Siemens (0.51%) and L&T (0.21%) closed lower.

BSE Health Care Index closed up by 28.87 points at 3,720.23 as Glennmark (4.90%), Cipla (3.16%), Nicholas Piramal (3.24%), Pfizer (1.38%) and Dr Reddy (1%) closed in positive.

Pre Session Market

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 positive note as BSE Sensex closed higher by 21.85 points at 16,921.39 while Nifty grew by 1.65 points to close at 4,940.50. We expect the market to see some bull run during the trading session but expiry of the September F&O series today is also likely to play an important role.
BR>On Wednesday, the US market closed in positive territory. The Dow Jones Industrial Average (DJIA) surged 99.50 points to close at 13,878.15. The S&P 500 (SPX) index increased by 8.21 points to close at 1,525.42 and the NASDAQ Composite (RIXF) advanced 15.58 points to close at 2,699.03.
BR>Indian ADRs ended in green. In technology sector, Patni computers surged by (6.35%) along with Satyam by (4.37%), Wipro by (2.95%) and Infosys by (2.36%). In banking sector, ICICI bank and HDFC bank grew by (1.86%) and (0.33%) respectively. Tata Motors grew by (0.92%). MTNL and VSNL advanced by (4.79%) and (4.24%) respectively.
BR>The major stock markets in Asia are trading strong. Japan''s Nikkei is trading firm at 16,688.64 up by 252.90. Hang Seng index trading strong at 26,871.24 higher by 440.95 points. Taiwan weighted is trading higher by 71.35 points at 9,328.82. Singapore Strait times trading up by 35.56 points at 3,685.65. Seoul Composite grew by 17.45 points to trade at 1,936.71.
BR>Yesterday, the gross equity purchased was Rs.4,509.10 (in crores) and the gross debt purchased was Rs482.20 (in crores). The gross equity sold was Rs2, 958.90 (in crores), and the gross debt sold was Rs220.60 (in crores). The net investment of equity was Rs1, 550.20 (in crores) and the net debt investment was Rs261.60 (in crores).
BR>Today, Nifty has support at 4,905 and resistance at 5,070 and BSE Sensex has support at 16,810 and resistance at 17,295.

Post Session Market

The market after touching the psychological mark managed to close the session with marginal gains as the volatility gripped the market. The benchmark index struck an all time high of 17,073.87 mark as well as the S&P CNX Nifty touched the all time high mark. The IT index remained attractive during the trading session as RBI relaxed the norms for outbound investments by mutual funds as well as raised the limit for the repay of the external loans of the companies. Finally, BSE Sensex closed at 16,921.39 with a gain of 21.85 points. The NSE Nifty advanced by 1.65 points to close at 4,940.50. Overall, the market breadth was positive as 1492 stocks were closed in green whereas 1262 were ended up in red zone while 61 stocks remained unchanged in BSE. The BSE mid cap and Small cap closed with little gains as it was up by 3.19 points and 4.08 points at 7,313.33 and 8,967.51 respectively. The Sensex covers the Journey from 16,000 to 17,000 in just 5 trading sessions, which is the fastest ever surge.

BSE IT index closed firmly at 4,501.97 as it was up by 153.35 points. Patni computers 7.60%, HCL tech 5.81%, Satyam 4.81%, Wipro 4.33%, TCS 3.88% and Infosys 3% closed in green.

BSE bankex index surged by 172.82 points to close at 9,117.80 as Allahabad Bank (3.17%), Andhra Bank (3.53%), ICICI Bank (2.96%), SBI (2.45%) and PNB (1.61%) closed higher.

BSE Metal index grew by 4.81 points to close at 13,085.64 as JSW Steel (4.38%), NALCO (4.71%), Tata Steel (0.97%) and SAIL (0.35%) are closed in green.

BSE oil & gas index slipped by 160.57 points to close at 9,616.94 as Cairn India (6.40%), Reliance industries (3.24%) and RPL (2.57%) closed lower

BSE Capital goods index closed lower by 109.26 points at 14,654.35 as ABB (0.95%), BHEL (0.65%), L&T (0.76%), Suzlon Energy (0.45%) closed in negative.

BSE Health Care Index closed higher by 3.76 points at 3,691.36 as Pfizer 4.65%, Matrix labs 2.33%, Nicholas Piramal 1.64%, Cipla 0.89% and Dr Reddy''s Lab 0.67% closed in positive.

Mid Session Market

The market is now off the day''s high after The Sensex crossing the remarkable mark of 17,000 in the morning trade. The IT stocks are the top performing stocks today. However the Oil & Gas and FMCG stocks are reeling under pressure.

The broader market has outperformed the benchmark index as the BSE mid cap is higher by 72.78 points at 7,386.11 and small cap advanced by 95.27 points to 9,062.78.

The overall market breadth is positive as 1569 stocks are advancing while 944 stocks are declining

At 12.45 pm, BSE Sensex was at 16,944.76 up by 45.22 points while Nifty was at 4,952.40 up by 13.55 points.

BSE IT index surged by 128.78 points to trade at 4,477.40 as Satyam (3.63%), HCL Technologies (3.56%), TCS (2.99%), Infosys (2.94%) and Wipro (2.75%) are trading up.

BSE Metal index improved 60.44 points to trade at 13,141.27 as JSW Steel (3.39%), NALCO (1.42%) and Tata Steel (1.21%) are trading higher

BSE Health Care index enhanced 25.82 points to trade at 3,713.42 as Sun Pharma (1.47%), Cipla (1.18%), Ranbaxy (0.47%), Dr. Reddy (0.47%) and GSK (0.17%) are trading in green.

BSE Capital goods index advanced 61.36 points to 14,824.97 as BHEL (0.40%), L&T (0.21%) and Siemens (0.13%) are in green while ABB (0.53%) is trading red.

BSE Banks index increased by 31.66 points to trade at 8,976.64 as ICICI Bank (0.81%), SBI (0.28%) and IDBI (0.10%) are trading in positive while HDFC Bank (1.86%) and PNB (0.38%) are trading in negative.

BSE Auto index grew marginally 4.41 points to trade at 5,254.68 as Ashok Leyland (5.52%), Bajaj Auto (0.24%) and M&M (0.12%) are trading in positive while Maruti Udyog (1.25%) is trading in negative.

BSE Oil & Gas index was trading 37.04 points lower at 9,740.47 as IPCL (0.49%) and ONGC (0.06%) are trading in negative while HPCL (5.39%, Indian Oil (2.77%) and BPCL (2.58%) are trading in positive.

BSE FMCG index decreased 2.77 points to trade at 2,153.58 as HUL (0.99%) and Nestle (0.36%) are trading lower.

Pre Session Market

Indian market is likely to have a positive opening as the Asian market is trading higher and US market closed in green. On Tuesday, the Indian markets ended on a positive note as BSE Sensex closed higher by 53.71 points at 16,899.54 while Nifty grew by 14.7 points to close at 4,946. We expect the market to remain range bound during the trading session.

On Tuesday, the US market closed in positive territory. The Dow Jones Industrial Average (DJIA) improved 19.59 points to close at 13,778.65. The S&P 500 (SPX) index decreased by 0.52 points to close at 1,517.21 and the NASDAQ Composite (RIXF) advanced 15.50 points to close at 2,683.45.

Indian ADRs ended in mixed. In technology sector, Satyam computers grew by (1.82%) along with Wipro and Infosys by (0.58%) and (0.52%) respectively. In banking sector, HDFC bank grew by (0.51%) while ICICI bank fell (0.02%). Tata Motors grew by (0.05%). VSNL and MTNL dropped by (1.27%) and (0.25%) respectively.

The major stock markets in Asia are trading higher. Japan''s Nikkei is trading flat at 16,399.96. Taiwan weighted is trading higher by 131.01 points at 9,236.29. Singapore Strait times trading up by 6.23 points at 3,631.05. Seoul Composite grew by 10.29 points to trade at 1,919.26.

The gross equity purchased was Rs.4,854.20 (in crores), and the gross debt purchased was Rs0.00 (in crores). The gross equity sold was Rs3,569.80 (in crores), and the gross debt sold was Rs0.00 (in crores). The net investment of equity was Rs1,284.40 (in crores) and the net debt investment was Rs0.00 (in crores).

Today, Nifty has support at 4,904 and resistance at 4,995and BSE Sensex has support at 16,780 and resistance at 17,070.

Post Session Market

The market after struggling in the middle at last closed the session in a positive territory. The BSE Sensex grew by 53.71 points to close at 16,899.54 and Nifty increased by 14.7 points to close at 4,946.The BSE mid cap and Small cap closed with little gains as it was up by 3.19 points and 4.08 points at 7,313.33 and 8,967.51 respectively.

BSE Metal index surged by 50.36 points to close at 13,080.83 as JSW steel 4.38%, Jindal Saw 3.01%, Hindalco 2.86%, Hind zinc 2.35% Nalco 0.34% and Sterlite 0.74% closed in green.

BSE bankex index slipped by 16.51 points to close at 8,944.98 as Oriental bank 3.97%, Allahabad bank 3.59%, Andhra bank 2.44%, PNB 2.12%, BOB 1.69%, SBI 1.60% and ICICI bank 0.58% closed lower.

BSE oil & gas index advanced by 126.34 points to close at 9,777.51 as Essar oil 9.33%, IOCL 7.89%, BPCL 7.31%, HPCL 3.41% and Reliance industries 1.82% closed in red.

BSE Capital goods index closed lower by 74.10 points at 14,763.61 as Areva 5.21%, Punj Lloyd 2.20%, Siemens 1.78%, L&T 1.12%, BHEL 0.41%, Suzlon 0.19%, closed in negative.

BSE IT index closed little lower by 1.21 points at 4,348.62 as Patni computer 2.88%, Patni computer 2.82%, Wipro 1.58%, Mphasis 0.56% and TCS 0.38% closed in red.

BSE Health Care Index closed up by 24.37 points at 3,687.60 as Glenmark 2.68%, Pfizer 1.96%, Wockhardt 1.75%, Ranbaxy 1.73% and Cipla 1.17% closed in positive.

Mid Session Market

After opening from the more than half an hour close, the market is now trading with modest gain as some fresh buying emerged in the Metal, Health Care & IT stocks. However the Realty stocks are facing a huge sell off today. The Rupee is now trading at Rs.39.78 as against dollar.

The overall market breadth is negative as 1121 stocks are advancing while 1425 stocks are declining and 74 stocks remained unchanged on BSE.

At 12.45 pm, BSE Sensex was at 16,897.29 up by 51.46 points while Nifty was at 4,942.45 up by 10.25 points. The BSE mid cap is higher by 17.52 points at 7,327.66 and small cap advanced by 36.90 points to 9,000.33.

BSE Metal index surged 145.55 points to trade at 13,176.02 as SAIL (2.53%), Tata Steel (1.47%), Hindalco Industries (0.68%) and JSW Steel (6.33%) are trading higher.

BSE Oil & Gas index was trading 19.40 points higher at 9,670.57 as BPCL (9.51%), HPCL (3.91%), Essar Oil (2.49%), IPCL (0.65%) and ONGC (0.43%) are trading in positive.

BSE Health Care index enhanced 31.75 points to trade at 3,694.98 as Ranbaxy (2.54%), Cipla (2.40%) and GSK (1.43%) are trading in green while Glenmark (1.39%), Sun Pharma (0.84%) and Dr. Reddy are trading in red.

BSE IT index increased by 15.75 points to trade at 4,365.58 as HCL Technologies (1.08%), Infosys (0.79%) and Satyam (0.73%) are trading up.

BSE Capital goods index dropped 44.74 points to 14,792.97 as Siemens (1.52%) and ABB (0.31%) and BHEL (0.01%) are trading down while L&T (0.24%) is trading up.

BSE Banks index slipped by 8.21 points to trade at 8,953.28 as PNB (0.93%) and SBI (0.60%) are trading in red while IDBI Bank (2.19%), HDFC Bank (0.73%) and ICICI Bank (0.01%) are trading in green.

BSE Auto index decreased 34.14 points to trade at 5,263.12 as Hero Honda (3.91%), Bajaj Auto (1.63%), Tata Motors (0.94%) and Maruti Udyog (0.82%) are trading in negative while Ashok Leyland (1.10%) and M&M (0.54%) are trading in positive.

Pre Session Market

Indian market is likely to have a flat opening as the Asian market is trading mixed. On Monday, the Indian markets ended on a strong positive note as BSE Sensex closed higher by 281.6 points at 16,845.83 while Nifty grew by 94.65 points to close at 4,932.20. We expect the market to remain volatile during the trading session.

On Monday, The US market closed in negative territory. The Dow Jones Industrial Average (DJIA) dropped 61.13 points to close at 13,759.06. The S&P 500 (SPX) index decreased by 8.02 points to close at 1,517.73 and the NASDAQ Composite (RIXF) slipped 3.27 points to close at 2,667.95.

Indian ADRs ended in mixed. In technology sector, Satyam computers fell by (4.61%) along with Infosys by (1.39%), Patni computers by (0.69%) and Wipro by (0.58%). In banking sector, ICICI bank and HDFC bank grew by (2.42%) and (1.93%) respectively. Tata Motors grew by (1.48%). VSNL and MTNL advanced by (3.29%) and (1.40%) respectively.

The major stock markets in Asia are trading mixed Japan''s Nikkei is trading lower by 22.95 points at 16,289.66. Hang Seng is trading higher by 31.86 points at 26,520.08. Singapore Strait times trading flat at 3,639.54. Taiwan Weighted advanced by 122.25 points to trade at 9,105.28.

The gross equity purchased was Rs.3,856.70 (in crores), and the gross debt purchased was Rs226.10 (in crores). The gross equity sold was Rs2,932.40 (in crores), and the gross debt sold was Rs32.40 (in crores). The net investment of equity was Rs924.30 (in crores) and the net debt investment was Rs193.70 (in crores).

Today, Nifty has support at 4,865 and resistance at 4,980and BSE Sensex has support at 16,630 and resistance at 16,995.

Post Session Market

The market closed the session on a strong positive note as BSE Sensex surged by 281.6 points to close at 16,845.83 and Nifty grew by 94.65 points to close at 4,932.20.The BSE mid cap and Small cap closed firmly as it was up by 110.22 points and 68.13 points at 7,310.14 and 8,963.43 respectively.

BSE Metal index surged by 217.71 points to close at 13,030.47 as Jindal steel (5.34%), SAIL (2.72%), Sterlite industries (2.32%), Hindalco (1.89%), JSW steel (1.76%) and Tata steel (1.09%) closed in green.

BSE bankex index grew by 221.65 points to close at 8,961.49 as Andhra bank (5.42%), PNB (5.01%), BOB (2.58%), Allahabad bank (4.01%), ICICI bank (3.18%), HDFC bank (1.78%) and SBI (1.38%) closed higher.

BSE oil & gas index advanced by 311.12 points to close at 9,651.17 as RPL (8.03%), GAIL (7.11%), Reliance industries (3.62%), CAIRN India (3.57%), HPCL (2.46%) and BPCL (1.25%) closed higher.

BSE Capital goods index closed firmly as it was up by 317.54 points at 14,837.71 as Jyoti structures (6.17%), Areva (4.76%), L&T (4.09%), Crompton greaves (3.39%), BHEL (2.24%), Siemens (0.78%) and ABB (0.33%) closed in positive.

BSE IT index closed lower by 78.51 points at 4,349.83 as Infosys (3.22%), Satyam (2.32%), Patni computers (2.02%), Tech Mahindra (1.22%) and TCS (0.89%) closed lower.

BSE Health Care Index closed up by 8.99 points at 3,663.23 as Opto circuits (5.82%), Fortis (3.97%), Glennmark (3.39%), Ranbaxy (2.75%) and Novartis (1.17%) closed in positive.

BSE FMCG index closed flat at 2,153.57. United breweries (10.47%), Marico (2.70%), HUL (2.15%), Colgate (1.06%) and Dabur (0.60%) closed higher.

Mid Session Market

The market has gained further grounds on the back of buying interest continued in the Oil & Gas, Metal and Capital Goods stocks. However the IT stocks are still trading lower on selling pressure due to strong rupee, which is trading at below Rs.40 per dollar.

The overall market breadth is positive as 1364 stocks are advancing while 1257 stocks are declining .

At 12.30 pm, BSE Sensex was at 16,731.01 up by 166.78 points while Nifty was at 4,901.55 up by 64 points. The BSE mid cap is higher by 79.90 points at 7,279.82 and small cap advanced by 72.09 points to 8,967.39.

BSE Metal index surged 213.30 points to trade at 13,026.06 as SAIL (3.11%), Tata Steel (1.49%), Sterlite Industries (1.43%) and JSW Steel (0.91%) are trading higher whereas Hindalco Industries (0.68%) and NALCO (0.34%) are trading lower.

BSE Oil & Gas index was trading 211.08 points higher at 9,551.13 as RPL (7.10%), GAIL (5.10%), IPCL (2.46%), HPCL (1.99%), BPCL (0.93%) and ONGC (0.32%) are trading higher.

BSE Capital goods index improved 184.86 points to 14,705.03 as BHEL (2.03%) and L&T (1.97%) are trading up while Siemens (0.44%) and ABB (0.15%) are trading down.

BSE Banks index advanced by 150.63 points to trade at 8,890.47 as PNB (4.48%), IDBI (2.50%), ICICI Bank (2.07%), HDFC Bank (2.05%), SBI (1.66%) and Kotak Bank (1.45%) are trading in green.

BSE Auto index advanced 39.97 points to trade at 5,233.47 as Ashok Leyland (5.41%), Maruti Udyog (3.54%), Tata Motors (1.08%), Honda Motors (0.95%) and M&M (0.39%) are trading in positive.

BSE FMCG index decreased 2.13 points to trade at 2,150.86 as ITC (1.57%) and Nestle (0.39%) are trading lower while HUL (1.21%) and Dabur (1.16%) are trading higher.

BSE Health Care index dropped 3.77 points to trade at 3,650.47 as Sun Pharma (1.85%), GSK (0.96%) and Dr. Reddy (0.62%) are trading in red BSE IT index slipped by 72.70 points to trade at 4,355.64 as Infosys (2.79%), TCS (1.28%), Satyam (1.19%), HCL Tech. (1.09%) and Wipro (0.32%) are trading down.

Pre Session Market

Indian market is likely to have a positive opening as the Asian market is trading mixed. On Friday, the Indian markets ended on a positive, as BSE Sensex closed higher by 216.28 points at 16,564.23 while Nifty grew by 90 points to close at 4,837.55. We expect the market to remain range bound during the trading session.

On Friday, The US market closed in positive territory. The Dow Jones Industrial Average (DJIA) surged 53.49 points to close at 13,820.19. The S&P 500 (SPX) index increased by 7 points to close at 1,525.75 and the NASDAQ Composite (RIXF) grew 16.93 points to close at 2,671.22..

Indian ADRs ended mixed. In technology sector, Wipro grew by (0.51%) while Infoys, patni computers fell by (0.85%) and (0.17%). In banking sector, ICICI bank and HDFC bank grew by (3.52%) and (2.83%) respectively. .

The major stock markets in Asia are trading higher Hang Seng is trading higher by 218.06 points at 26,061.84. Singapore Strait times trading up by 58.86 points at 3,601.08. Today, Nifty has support at 4,796 and resistance at 4,935and BSE Sensex has support at 16,470 and resistance at 16,740.

Post Session Market

The market surged to close the session on a positive note as BSE Sensex closed higher by 216.28 points at 16,564.23 and Nifty grew by 90 points to close at 4,837.55.The BSE mid cap and Small cap closed firm as it was up by 67.21 points and 19.23 points at 7,199.92 and 8,895.30 respectively.

BSE Metal index surged by 89.45 points to close at 12,812.76 as Jindal steel (9.66%), SAIL (2.80%), Jindal saw (1.01%), JSW steel (0.91%) and Tata steel (0.14%) closed in green.

BSE bankex index grew by 51.16 points to close at 8,739.84 as Oriental bank (4.62%), Union bank (3.30%), SBI (2.78%), Canara bank (1.15%), Allahabad bank (0.97%), Andhra bank (0.96%) closed higher.

BSE oil & gas index surged by 320.49 points to close at 9,340.05 as RPL (11.60%), Reliance industries (3.75%), GAIL India (3.67%), ONGC (1.98%), IOCL (1.56%) and Essar oil (0.56%) closed higher.

BSE Capital goods index advanced by 127.71 points to close at 14,520.17 as Areva (6.80%), ABB (2.07%), Punj Lloyd (2.07%), BHEL (1.22%), L&T (1.34%) and Siemens (0.88%) closed in positive.

BSE IT index closed higher by 37.59 points at 4,428.34 as Wipro (1.48%), TCS (1.41%), Infosys (1.23%), HCL tech (0.82%) and Finance tech (0.74%) closed higher.

BSE Health Care Index closed lower by 19.95 points at 3,654.24 as Glenmark (2.45%), Lupin (1.69%), Sun pharma (1.48%), Cipla (0.92%), Nicholas piramal (0.72%) and Ranbaxy (0.43%) closed in negative.

BSE FMCG index decreased by 12.72 points to close at 2,152.99 as Britannia (3.84%), Nestle (3.51%), Tata tea (2.54%) and ITC (1.60%) closed lower.

Mid Session Market

The market has lost further grounds on the back of selling pressures in the selective scrips mainly led by the IT stocks. However the Realty and Oil & Gas stocks are gaining grounds.

The overall market breadth is negative as 1216 stocks are advancing while 1425 stocks are declining and 70 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 16,318.72 down by 29.23 points while Nifty was at 4,758.45 up by 10.90 points. The BSE mid cap is higher by 65.52 points at 7,198.23 and small cap advanced by 45.62 points to8,921.69.

BSE Metal index surged 37.61 points to trade at 12,760.92 as SAIL (1.07%), Tata Steel (0.27%) and JSW Steel (0.43%) are trading higher whereas Hindalco Industries (0.68%) and NALCO (0.34%) are trading lower.

BSE Capital goods index improved 6.66 points to 14,399.12 as ABB (0.47%) and BHEL (0.21%) are trading up while Siemens (1.61%) and L&T (0.22%) are trading down.

BSE Auto index advanced 19.33 points to trade at 5,156.18 as Hero Honda (1.55%), Maruti Udyog (0.88%), Tata Motors (0.55%) aare trading in positive while M&M (0.39%) and Bajaj Auto (0.12%) are trading in negative.

BSE Oil & Gas index was trading 69.90 points higher at 9,089.46 as RPL (7.19%), Essar Oil (3.37%), IPCL (0.50%)and HPCL (0.04) are trading higher whereas GAIL (1.18%), BPCL (0.31%) are trading in negative.

BSE FMCG index decreased 12.19 points to trade at 2,153.52 as ITC (1.60%), Nestle (1.03%) and Dabur (0.23%) are trading lower w

BSE Banks index advanced by 22.47 points to trade at 8,711.15 as SBI (1.02%) and PNB (0.98%) are trading in green while HDFC Bank (1.06%) and ICICI Bank (0.41%) are trading in red.

BSE Health Care index dropped 7.88 points to trade at 3,666.31 as Glenmark (1.47%), Cipla (1.18%), Ranbaxy (0.98%), Dr. Reddy (0.16%) are trading in red.

BSE IT index slipped by 72.99 points to trade at 4,317.76 as Satyam (3.08%), TCS (1.90%), Infosys (1.89%), Wipro (1.84%) and HCL Tech. (1.45%) are trading down.

Pre Session Market

Indian market is likely to have a flat opening as the Asian market is trading mixed. On Thursday, the Indian markets ended with marginal gain, as BSE Sensex closed higher by 25.20 points at 16,347.95 while Nifty grew by 15.2 points to close at 4,747.55. We expect the market to see some profit booking and the investors will take calculated steps in booking their position during the trading session.

On Thursday, The US market closed in negative territory. The Dow Jones Industrial Average (DJIA) dropped 48.86 points to close at 13,766.70. The S&P 500 (SPX) index decreased by 10.28 points to close at 1,518.75 and the NASDAQ Composite (RIXF) fell 12.19 points to close at 2,654.29.

Indian ADRs ended in negative. In technology sector, Infosys fell by 4.59% along with Satyam 3.70%, Wipro 2.74% and Patni computers 2.23%.. In banking sector, HDFC bank slipped by 0.89% while ICICI bank advanced by (0.58%). MTNL and VSNL dropped by (1.79%) and (0.10%).

The major stock markets in Asia are trading mixed. Hang Seng is trading higher by 146.49 points to trade at 25,701.13. Japan''s Nikkei slipped by 103.70 points to trade at 16,310.99. Taiwan weighted grew by 52.02 points to trade at 9,035.05. Singapore Strait times trading flat at 3,551.34.

Today, Nifty has support at 4,687 and resistance at 4,795and BSE Sensex has support at 16,175 and resistance at 16,480.

Post Session Market

The markets closed on positive note as BSE Sensex closed higher by 25.20 points at 16,347.95 and the Nifty closed higher by 15.2 points at 4,747.55. The BSE mid cap and Small cap closed higher by 16.10 points and 5.07 points at 7,132.71 and 8,876.07 respectively. The market breadth was weak with 1589 stocks declined and 1212 stocks advanced.
BSE bankex index slipped by 2.77 points to close at 8,688.68 as IOB (2.07%), Andhra bank (1.93%), Oriental bank (1.32%), SBI (0.60% )and ICICI bank (0.36%) closed lower.
BSE oil & gas index grew by 95.45 points to close at 9,019.56 as HPCL (5.04%), Cairn (4.89%), Reliance petroleum (3.35%) BPCL (3.54%), IOCL (2.56%), ONGC (0.43%) closed higher.
BSE Auto Index advanced by 42.54 points to close at 5,136.85 as M&M (3.93%), Bharat forge (3.82%), TVS Motors (3.48%), Tata Motors (1.36%) and Hero Honda (0.91%) closed in green.
BSE Capital goods index surged by 279.47 points to close at 14,392.46 as Praj industries (5.99%), Siemens (4.24%), Suzlon energy (2.12%), L&T (2.87%), ABB (1.68%) and BHEL (0.76%) closed higher.
BSE IT index fell by 100.46 points to close at 4,390.75 as Tech Mahindra (4.29%), Patni computers (4.02%), Wipro (3.27%), HCL (3.05%), Infosys (2.89%), TCS (2.12%), Satyam (1.91%) closed in red.
BSE Health Care Index closed lower by 30.08 points at 3,674.19 as Glaxosmithkline (1.97%), Sun pharma (1.72%), Lupin (1.36%), Glenmark (1.31%), Ranbay (1.31%), Dr Reddy (1.02%) closed in positive.
BSE Metal index increased by 176.97 points to close at 12,723.31 as Welspun (4.58%), Jindal steel (4.54%), Nalco (2.96%), SAIL (2.70%), JSW steel (1.82%) and Hindalco (1.66%) closed in green.
BSE FMCG index grew by 24.80 points to close at 2,165.71 as ITC (3.77%), Britannia (1.62%), Bata (1.20%) and Colgate Palmolive (0.27%) closed in red.

Mid Session Market

The market is now gaining some momentum on account of strong buying continued in the Realty, Capital Goods and Metal stocks. However the IT and Pharma stocks are still trading weak. The Realty index has outperformed among al the indices today. This index has gained more than 700 points.
The overall market breadth is strong as 1405 stocks are advancing while 1228 stocks are declining and 78 stocks remained unchanged on BSE.
At 12.30 pm, BSE Sensex was at 16,399.01 up by 76.26 points while Nifty was at 4,754.40 up by 22.05 points. The BSE mid cap is higher by 58.38 points at 7,174.99 and small cap advanced by 83.88 points to8,954.88.
BSE Metal index surged 194 points to trade at 12,740.34 as SAIL (3.24%), NALCO (2.55%), Hindalco Industries (2.29%), JSW Steel (2.05%) and Tata Steel (0.27%) are trading higher.
BSE Capital goods index improved 193.13 points to 14,306.12 as L&T (3.56%), Siemens (2.06%), ABB (0.72%) and BHEL (0.52%) are trading up.
BSE Auto index advanced 91.10 points to trade at 5,185.41 as M&M (4.05%), Tata Motors (2.92%), Bajaj Auto (1.91%) and Hero Honda (1.85%) are trading in positive.
BSE Oil & Gas index was trading 54.01 points higher at 8,978.12 as HPCL (2.92%), BPCL (2.25%), Essar Oil (2.10%), GAIL (1.16%), ONGC (0.88%) and RPL (0.75%) are trading in positive.
BSE FMCG index increased 29.62 points to trade at 2,170.53 as ITC (2.76%), Dabur (1.64%), HUL (0.35%), Dabur (0.32%) and Nestle (0.08%)are trading higher.
BSE Banks index advanced by 19.07 points to trade at 8,710.52 as IDBI Bank (2.92%), Kotak Bank (1.12%), SBI (0.40%), PNB (0.19%), ICICI Bank (0.16%) and HDFC Bank (0.15%) are trading in green.
BSE Health Care index dropped marginally 0.67 points to trade at 3,703.60 as Sun Pharma (1.68%), GSK (1.13%), Ranbaxy (0.73%) and Dr. Reddy (0.16%) are trading in red.
BSE IT index slipped by 92.49 points to trade at 4,398.72 as HCL Technologies (3.17%), Infosys (2.75%), TCS (2.15%), Wipro (1.79%), I-Flex (1.32%) and Satyam (1.40%) are trading down

Pre Session Market

Indian market is likely to have a positive opening due to positive global cues. On Wednesday, the Indian markets ended on a firm positive note, as BSE Sensex closed higher by 653.63 points at 16,322.75 while Nifty grew by 186.15 points to close at 4,732.35. We expect the market to remain range bound during the trading session.
On Wednesday, The US market closed in green. The Dow Jones Industrial Average (DJIA) surged 76.17 points to close at 13,815.56. The S&P 500 (SPX) index increased by 9.25 points to close at 1,529.03 and the NASDAQ Composite (RIXF) grew 14.82 points to close at 2,666.48.
Indian ADRs ended in mixed. In technology sector, Patni computers grew by (4.61%) along with Satyam by 3.46% while Infosys and Wipro fell (0.44%) and (0.42%) respectively. In banking sector, HDFC bank and ICICI bank advanced by (2.69%) and (2.19%) respectively. MTNL grew by (2.50%).
The major stock markets in Asia are trading higher. Hang Seng is trading up by 101.56 points to close at 25,655.20. Japan''s Nikkei advanced by 13.68 points to trade at 16,395.22. Taiwan weighted trading higher by 126.35 points at 9,052.73. Singapore Strait times increased by 9.99 points to trade at 3,584.37.
Today, Nifty has support at 4,680 and resistance at 4,795 and BSE Sensex has support at 16,050 and resistance at 16,525.

Post Session Market

The market surged to close the session in a positive territory as BSE Sensex closed higher by 653.63 points at 16,322.75 and Nifty grew by 186.15 points to close at 4,732.35. Today the market rallied as US Federal Reserve announced a 50 basis poinits cut in fed funds rate to 4.75% .The BSE mid cap and Small cap closed firm as it was up by 131.58 points and 90.11 points at 7,116.61 and 8,871 respectively. The market breadth was strong with 1541 stocks advanced and 1233 stocks declined. The total turnover on BSE crossed Rs 5,500 crore mark. Shares from real estate pack surged on the back of interest rates have peaked for the time being.
BSE Metal index surged by 461.22 points to close at 12,546.34 as SAIL (6.71%), Sterlite (5.35%), Tata steel (4.75%), Hindalco (3.75%) and JSW steel (2.73%) closed in green.
BSE bankex index surged by 400.91 points to close at 8,691.45 as HDFC (7.94%), HDFC bank (7.83%), ICICI bank (4.90%), PNB (4.90%) and SBI (4.52%) closed in green.
BSE oil & gas index grew by 425.29 points to close at 8,924.11 as GAIL India (6.30%), ONGC (5.95%), Reliance industries (5.56%), IPCL (5.10%) and RPL (2.44%) closed higher.
BSE Capital goods index advanced by 249.96 points to close at 14,112.99 as ABB (2.01%), Siemens (1.91%), L&T (1.88%) and BHEL (1.50%) closed in green.
BSE IT index closed higher by 105.80 points at 4,491.21 as Infosys (2.96%), TCS (2.03%), Satyam (1.84%), HCL tech (1.19%) and Wipro (0.93%) closed in green.
BSE Health Care Index closed up by 42.66 points at 3,704.27 as Glenmark (2.96%), Sun pharma (1.68%), Ranbaxy (0.73%), Dr Reddy lab (0.55%) and Cipla (0.59%) closed in positive.
BSE FMCG index increased by 42.95 points to close at 2,140.91 as ITC (3.72%), Bata (3.13%), Tata Tea (2.08%) and HUL (1.26%) closed higher.

Mid Session Market Commentary

The market is still trading higher with handsome gains on the back of strong global cues. The bulls are being the front-runner from the opening bell today. The investors are showing strong buying momentum across the board. All the BSE Sensex indices are trading in green. The Metal, Bank, Oil & Gas and Realty stocks are in demand today.
The overall market breadth is strong as 1736 stocks are advancing while 920 stocks are declining and 76 stocks remained unchanged on BSE.
At 12.30 pm, BSE Sensex was at 16,205.48 up by 536.36 points while Nifty was at 4,702.05 up by 155.85 points. The BSE mid cap is higher by 106.12 points at 7,091.15 and small cap advanced by 116.14 points to8,897.03.
BSE Metal index surged 350.07 points to trade at 12,435.19 as Sterlite Industries (5.38%), SAIL (4.65%), Tata Steel (3.66%), JSW Steel (2.31%), Hindalco Industries (1.29%) are trading higher.
BSE Banks index advanced by 327.83 points to trade at 8,618.37 as HDFC Bank (5.44%), SBI (4.01%), ICICI Bank (3.89%), PNB (3.25%), IDBI Bank (3.22%) are trading in green.
BSE Oil & Gas index was trading 280.66 points higher at 8,779.48 as ONGC (6.11%), GAIL (5.86%), IPCL (2.94%), RPL (2.29%), Essar Oil (0.67%) are trading in positive.
BSE Capital goods index improved 206.49 points to 14,069.52 as BHEL (2.21%), ABB (1.95%), Siemens (1.48%) and L&T (1.03%) are trading up.
BSE Auto index advanced 173.06 points to trade at 5,095.70 as Maruti Udyog (5.83%), Tata Motors (4.45%), Mahindra & Mahindra (4.37%), Bajaj Auto (3.24%), Hero Honda Motors (2.66%) are trading in positive.
BSE FMCG index increased 23.27 points to trade at 2,121.23 as ITC (1.67%), HUL (0.93%) and Dabur (0.32%) are trading higher.
BSE Health Care index grew 42.08 points to trade at 3,703.69 as Glenmark Pharma (4.74%), Sun Pharma (2.22%), Cipla (1.18%), Ranbaxy (0.98%), GSK (0.92%) are trading in green.
BSE IT index enhanced by 107.03 points to trade at 4,492.44 as Infosys (2.66%), Satyam (2.13%), TCS (1.80%), Wipro (1.35%), HCL Tech. (0.71%) are trading up.

Pre Session Market Commentary

Indian market is likely to have a positive opening due to strong global cues as the Fed lowered the benchmark fed funds rate to 4.75% as well as cutting down of discount rate by half a percent to 5.25%. On Tuesday, the Indian markets ended on a firm positive note, as BSE Sensex closed higher by 164.69 points at 15,669.12 while Nifty grew by 51.55 points to close at 4,546.20. We expect the market to see some bull run during the trading session, as the Federal reserve interest cut will triggered the market to trade higher.

On Tuesday, The Dow Jones Industrial Average (DJIA) surged by 335.97 points to close at 13,739.39. The S&P 500 (SPX) index increased by 43.13 points to close at 1,519.78 and the NASDAQ Composite (RIXF) grew 70 points to close at 2,651.66.

Indian ADRs ended in positive territory. In technology sector, Patni computers grew by (7.36%) along with Infosys by (5.39%), Wipro by (4.39%) and Satyam by (4.37%). In banking sector, HDFC bank and ICICI bank advanced by (7.46%) and (5.45%) respectively. VSNL and MTNL grew by (7.81%) and (5.26%) respectively.

The major stock markets in Asia are trading strong. Hang Seng surged by 914.85 points to close at 25,491.70. Japan''s Nikkei advanced by 531.49 points to trade at 16,333.29. Taiwan weighted trading higher by 44.17 points at 8,944.08. Singapore Strait times increased by 86.12 points to trade at 3,563.87.

Today, Nifty has support at 4,542 and resistance at 4,735 and BSE Sensex has support at 15,665 and resistance at 16,255.

Post Session Market

The market surged to close the session in a positive territory as BSE Sensex closed higher by 164.69 points at 15,669.12 and Nifty grew by 51.55 points to close at 4546.20. The BSE mid cap and Small cap closed firm as it was up by 69.66 points and 140.66 points at 6,985.03 and 8,780.09 respectively. The market breadth was strong with 1813 stocks advanced and 968 stocks declined.

BSE IT index closed little lower by 1.85 points at 4,385.41 as Rolta India (3.53%), Finance tech (3.40%), Patni Computers (1.16%), HCL tech (0.90%), TCS (0.48%) and Tech Mahindra (0.44%) closed in green.

BSE bankex index surged by 199.77 points to close at 8,290.54 as Bank of Baroda (4.48%), ICICI bank (3.39%), Oriental bank (3.51%), SBI (2.85%), Yes bank (2.79%) and Union bank (1.32%) closed in green.

BSE oil & gas index grew by 126.73 points to close at 8,498.82 as GAIL India (3.58%), ONGC (1.80%), BPCL (1.58%), Reliance industries (1.48%), Reliance petroleum (1.31%) closed higher.

BSE Capital goods index advanced by 158.18 points to close at 13,863.03 as BEML (3.53%), Suzlon energy (3.04%), Siemens (2.93%), Praj industries (2.44%), ABB (1.71%) closed higher.

BSE Health Care Index closed lower by 7.37 points at 3,661.61 as Cipla (2.01%), Nicholas piramal (1.96%), Biocon (1.05%), Cadila health care (0.48%), Dr reddy''s lab (0.20%), Glenmark (0.17%) closed in negative.

BSE Metal index closed higher by 73.54 points at 12,085.12 as Nalco (2.51%), Welspun (1.31%), JSW steel (1.10%), SAIL (0.97%), Tata Steel (0.87%) and Jindal steel (0.67%) closed in positive.

BSE FMCG index grew by 7.17 points to close at 2,097.96 as Bata India (4.48%), Nestle (4.06%), Dabur (3.06%) and Tata tea (2.76%) closed in positive.

Mid Session Commentary

The market has now paired all its opening gains and slipped down to trade in the negative territory. The selling pressures are seen in the Consumer durables, Realty and IT stocks. However the broader market has outperformed the bench mark indices the BSE mid cap is higher by 41.26 points at 6,956.63 and small cap advanced by 107.89 points to 8,748.12.
The overall market breadth is positive as 1580 stocks are advancing while 1030 stocks are declining and 74 stocks remained unchanged on BSE.
At 12.30 pm, BSE Sensex was at 15,501.32 down by 3.11 points while Nifty was at 4,492.05 up by 2.60 points.
BSE Capital goods index improved 63.02 points to 13,767.87 as Siemens (1.36%), BHEL (0.42%) and L&T (0.31%) are trading up whereas ABB (0.33%) is trading down.
BSE Banks index up by 38.27 points to trade at 8,129.04 as ICICI Bank (1.56%), IDBI Bank (0.94%) and Kotak bank (0.36%) are trading in green while Punjab National Bank (1.24%) and SBI (0.33%) are trading in green.
BSE Auto index advanced 5.69 points to trade at 4,902.86 as Hero Honda Motors (1.35%) and Mahindra & Mahindra (0.43%) are trading in positive
BSE Metal index grew 4.52 points to trade at 12,016.10 as JSW Steel (1.35%), Hindalco Industries (0.16%) and NALCO (0.19%) are trading higher .
BSE Oil & Gas index was trading 4.91 points higher at 8,377 as GAIL (2.88%), RPL (0.78%) and ONGC (0.48%) are trading in positive whereas HPCL (0.53%), BPCL (0.38%), Indian Oil (0.12%) are trading in negative.
BSE FMCG index decreased 6.23 points to trade at 2,084.56 as ITC (1.10%) and HUL (0.93%) are trading lower .
BSE Health Care index dropped 3.92 points to trade at 3,665.06 as Cipla (1.74%), Dr. Reddy (0.62%), GSK (0.61%), Pfizer (0.38%)and Ranbaxy (0.17%) are trading in red .
BSE IT index slipped by 1.80 points to trade at 4,385.16 as Wipro (0.67%), Infosys (0.61%) and HCL tech. (0.18%) are trading down

Pre Session Market Commentary

The Indian market is likely to negative opening due to negative global cues. Also the investors were concerned about the Federal Reserve decision about the interest rate and this will add to the investor''s sentiments. On Monday, the Indian markets ended in a negative note as BSE Sensex closed lower by 99.37 points at 15,504.43 while Nifty fell by 23.35 points to close at 4,494.65. We expect the market to remain choppy during the trading session.

Monday, the US markets closed in red. The Dow Jones Industrial Average (DJIA) dropped 39.10 points to close at 13,403.42. The S&P 500 (SPX) index decreased by 7.60 points to close at 1,476.65 and the NASDAQ Composite (RIXF) fell 20.52 points to close at 2,581.66.Indian ADRs ended mixed. In technology sector, Patni computers fell by (4.50%) along with Infoys by (0.51%), Satyam by (0.50%) while Wipro closed higher by (0.15%). In banking sector, HDFC bank and ICICI Bank lost grounds by (1.49%) and (0.27%) respectively. MTNL and VSNL fell by (2.55%) and (1.68%) respectively. In automobile sector, Tata Motors jumped by (0.35%).

The major stock markets in Asia are trading weak. The Nikkei 225 index slliped by 286.11 points to trade at 15,841.31, Hang Seng fell by 100.51 points to trade at 24,498.83. Straits Times trading lower by 11.99 points to trade at 3,464.32.

Today, Nifty has support at 4,410 and resistance at 4,525 and BSE Sensex has support at 15,210 and resistance at 15,590.

Post Session Market Commentary

The market tumbles to close the session in a negative territory with BSE Sensex closed lower by 99.37 points at 15504.43 and Nifty slipped by 23.35 points to close at 4494.65. The BSE mid cap and Small cap closed higher by 18.37 points and 67.47 points at 6,915.37 and 8,640.23 respectively. The market breadth was strong with 1380 stocks advanced and 1365 stocks declined.

BSE IT index decreased by 61.88 points to close at 4,387.26 as TCS ltd (2.47%), Patni computer (2.21%), Satyam (1.97%), Infosys (1.35%) and Wipro (0.18%) closed in red.

BSE bankex index fell by 45.34 points to close at 8,090.77as Oriental bank (1.95%), Andhra bank (1.52%), IOB (1.45%), ICICI bank (1.37%), PNB (0.83%) and SBI (0.42%) closed in green.

BSE oil & gas index slipped by 15.13 points to close at 8,372.09 as IOCL (0.95%), Reliance petroleum (0.92%), HPCL (0.75%), Reliance industries (0.30%) and BPCL (0.05%) closed lower.

BSE Auto Index advanced by 11.70 points to close at 4,897.17 as Hind motors (20%), Maruti Udyog (1%), Bajaja auto (0.72%), Punjab tractors (0.71%) and Tata motors (0.36%) closed in green.

BSE Capital goods index grew marginally by 3.29 points to close at 13,704.85 Suzlon energy (1.68%), Crompton greaves (0.90%), Bharat electricals (0.80%), Havell India (0.80%) closed higher.

BSE Health Care Index closed up by 3.42 points to close at 3,668.98 as Cadila health care (2.34%), Glenmark (1.52%), Novartis (1.38%), Nicholas piramal (0.75%) and GlaxoSmithKline (0.61%) closed in negative.

BSE Metal index closed higher by 31.62 points at 12,011.58 as Sesa Goa (2.62%), Welspun Gujarat (1.34%), Hind Zinc (0.94%), Nalco (0.72%), Sterlite (0.65%) and Tata Steel (0.18%) closed higher.

BSE FMCG index grew by 17.98 points to close at 2,090.79 as United breweries (12.60%), United SPR (6.80%), Tata Tea (0.48%), HUL (0.28%) and ITC (0.25%) closed in positive.

Mid Market Commentary

The market is now trading flat on account of the selling pressures seen in the Realty, It and Bank stocks. However the broader market has outperformed the bench mark indices the BSE mid cap is higher by 30.26 points at 6,927.26 and small cap advanced by 67.79 points to 8,640.55. The overall market breadth is positive as 1595 stocks are advancing while 892 stocks are declining and 63 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 15,598.48 down by 5.32 points while Nifty was at 4,519.90 up by 1.90 points.

BSE Metal index grew 103.95 points to trade at 12,083.91 as Sterlite Industries (1.24%), NALCO (1.13%), Tata Steel (0.99%), JSW Steel (0.84%) and Hindalco Industries (0.26%) are trading higher.

BSE Oil & Gas index was trading 44.07 points higher at 8,431.29 as GAIL (0.92%), ONGC (0.60%), BPCL (0.33%) and IPCL (0.25%) are trading in positive whereas HPCL (0.29%), Indian Oil (0.47%) and RPL (0.19%) are trading in negative.

BSE Capital goods index improved 27.87 points to 13,729.43 as Siemens (0.40%) and L&T (0.04%) are trading up whereas ABB(0.51%) ans BHEL (0.04%) are trading down.

BSE FMCG index increased 16.31 points to trade at 2,089.12 as HUL (0.90%) and ITC (0.91%) are trading higher while Dabur (0.94%) is trading lower.

BSE Health Care index increased 14.44 points to trade at 3,680 asGlenmark Pharma (1.20%), Dr. Reddy (0.62%), Cipla (0.58%), GSK (0.50%) and Sun Pharma (0.40%) are trading in green.

BSE Auto index grew 3.85 points to trade at 4,889.32 as Bajaj Auto (0.46%), Mahindra & Mahindra (0.30%), Ashok Leyland (0.14%) and Tata Motors (0.03%) are trading in positive while Hero Honda (0.53%) is trading in positive.

BSE IT index dropped by 32.89 points to trade at 4,416.25 as Satyam (1.63%), TCS (1.37%) and Infosys (1.20%) are trading up .

BSE Banks index slipped by 8.02 points to trade at 8,128.09 as ICICI Bank (0.24%), HDFC Bank (0.32%) and PNB (0.20%) are trading in red

Pre Open Market Commentary

Indian market is likely to have a positive opening as the US market closed higher. On Friday, the Indian markets ended on a negative note, as BSE Sensex closed lower by 10.64 points at 15,603.80 while Nifty slipped by 10.95 points to close at 4,518. We expect the market to remain range bound during the trading session.

On Friday, the US market closed in green. The Dow Jones Industrial Average grew by 17.64 points to close at 13,442.52. The NASDAQ Composite Index increased by 1.12 points to close at 2,602.18. The S&P 500 index closed flat at 1,484.25

Indian ADRs ended in negative. In technology sector, Patni computers slipped by (2.07%) along with Satyam by (1.48%), Wipro by (1.01%) and Infosys by (0.88%). In banking sector, ICICI banks and HDFC bank advanced by (1.75%) and (1.39%) respectively. VSNL and MTNL fell by (2.58%) and (1.80%) respectively.

The major stock markets in Asia are trading mixed. Taiwan weighted trading lower by 103.87 points at 8,927.76. Singa pore Strait times slipped by 15.03 points to trade at 3,521.37. Hang Seng grew by 54.05 points to trade at 24,952.16. South Korea,s Seoul composite is trading down by 13.15 points at 1,856.87.

Today, Nifty has support at 4,480 and resistance at 4,580 and BSE Sensex has support at 15,490 and resistance at 15,790.

Post Session Market Commentary

The markets tumbles to close the session on a negative note as BSE Sensex closed lower by 10.64 points at 15,603.80 and the Nifty fell by 10.95 points to close at 4,518. The BSE mid cap and Small cap closed lower by 49.70 points and 65.50 points at 6,897 and 8,572.76 respectively. The market breadth was weak with 1743 stocks declined and 963 stocks advanced.

BSE bankex index grew by 54.17 points to close at 8,136.11 as ICICI bank (2.64%), HDFC bank (1.33%), Bank of Borada (0.46%) and Kotak bank (0.12%) closed in green.

BSE oil & gas index increased marginally by 8.45 points to close at 8,387.22 as Cairn Ind (1.13%), Reliance industries (0.39%) and Reliance petroleum (0.15%) closed higher while BPCL (1.40%), HPCL (0.56%), ONGC (0.22%) closed lower.

BSE Auto Index fell by 53.87 points to close at 4,885.47 TVS motors (4.55%), Maruti udyog (2.95%), bajaj auto (1.65%), M&M (1.12%) and Tata Motors (0.12%) and Punjab tractors (0.27%) closed in green.

BSE Capital goods index dropped by 22.32 points to close at 13,701.56 as Thermax limited (2.10%), Praj industries (1.58%), Punj Lloyd (1.27%), Siemens (1.14%), BHEL (0.65%) closed higher.

BSE IT index decreased by 33.43 points to close at 4,449.14 as Mphasis (3.90%), Finance tech (2.21%), HCL tech (1.57%), Wipro (1.57%), TCS (0.70%) closed in red.

BSE Health Care Index closed lower by 28.32 points to close at 3,665.56 as Lupin (2.69%), Cipla (1.71%) Sun pharma (1.14%), ranbaxy (0.78%) and Dr Reddy (0.18%) closed in negative.

BSE Metal index closed higher by 55.33 points at 11,979.96 as Sterlte (2.75%), Jindal Saw (2.45%), Bhusan steel (1.97%), Jindal steel (0.53%) and JSW steel (0.41%) closed higher.

BSE FMCG index grew marginally by 2.02 points to close at 2,072.81 as united spirits (2.76%), Godrej consumer (1.28%), ITC (0.73%) and Colgate Palmolive (0.33%) closed in positive.

Mid Market Commentary

The market has gained further ground and is trading higher backed by the strong buying momentum seen across the board. The Metal, Realty, Bankex and Capital Goods stocks are in demand today. The overall market breadth is positive as 1595 stocks are advancing while 892 stocks are declining on BSE.

At 12.30 pm, BSE Sensex was at 15,789 up by 175 points while Nifty was at 4,572.75 up by 43.80 points. The BSE mid cap is higher by 42 points at 6,989 and small cap advanced by 67 points to 8,705.

BSE Metal index grew 199.28 points to trade at 12,123.91 as JSW Steel (2.58%), SAIL (2.33%), Sterlite Industries (2.23%), Tata Steel (1.70%) and Hindalco Industries (1.33%) are trading higher.

BSE Banks index surged by 195.90 points to trade at 8,277.84 as ICICI Bank (3.62%), HDFC Bank (2.22%), Kotak Bank (1.88%), PNB (1.41%), SBI (1.19%) and IDBI Bank (0.26%) are trading in green.

BSE Capital goods index improved 153.91 points to 13,877.79 as L&T (1.91%), ABB (0.90%), BHEL (0.26%) and Siemens (0.16%) are trading up.

BSE Oil & Gas index was trading 137.90 points higher at 8,516.67 as IPCL (2%), RPL (1.54%), ONGC (1.08%), BPCL (0.96%), HPCL (0.41%) and GAIL (0.32%) are trading in positive.

BSE IT index enhanced by 33.55 points to trade at 4,516.12 as Satyam (0.92%), Infosys (0.87%) and Wipro (0.22%) are trading up while HCL Tech. (0.35%) and TCS (0.19%) are trading down.

BSE Auto index grew 15.70 points to trade at 4,955.04 as Ashok Leyland (0.94%), Mahindra & Mahindra (0.56%), Tata Motors (0.43%), Bajaj Auto (0.29%) and Hero Honda (0.21%) are trading in positive.

BSE Health Care index increased 15.09 points to trade at 3,708.97 as Dr. Reddy (1.40%), GSK (0.88%), Cipla (0.57%) and Ranbaxy (0.24%) are trading in green

BSE FMCG index increased 17.25 points to trade at 2,088.04 as ITC (1.37%), Dabur (0.94%) and Nestle (0.11%) are trading higher while HUL (0.56%) is trading lower.

Pre Open Market Commentary

Indian market is likely to have a positive opening due to strong positive global cues. On Thursday, the Indian markets ended on a positive note, as BSE Sensex closed higher by 109.08 points at 15,614.44 while Nifty closed up by 32.1 points at 4,528.95. We expect the market to trade higher but within a range during the trading session.

On Thursday, the US market closed in green. The Dow Jones Industrial Average grew by 133.23 points to close at 13,424.88. The Nasdaq Composite Index increased by 8.99 points to close at 2,601.06. The S&P 500 index closed up by 12.39 points at 1,483.95.

Indian ADRs ended in green. In technology sector, Satyam computers grew by (1.84%) along with Patni computers by (1.43%,) Infosys by (1.32%) while Wipro slipped by (0.29%). In banking sector, HDFC bank and ICICI banks advanced by (0.95% )and (0.27%) respectively. MTNL and VSNL grew by (1.12%) and (0.05%) respectively.

The major stock markets in Asia are trading strong. Japan''s Nikkei trading firm by 179.26 points to trade at 16,000.45. Hang Seng grew by 261.38 points to trade at 24,798.40. Singapore Strait times trading higher by 44.06 points at 3,548.46. South Korea,s Seoul composite is trading up by 19.63 points at 1,867.65.

Today, Nifty has support at 4,500 and resistance at 4,590 and BSE Sensex has support at 15,520 and resistance at 15,844.

Post Market Commentary

The markets closed on positive note as BSE Sensex closed higher by 109.08 points at 15,614.44 and the Nifty closed higher by 32.1 points at 4,528.95. The BSE mid cap and Small cap closed higher by 57.15 points and 65.91 points at 6,946.70 and 8,638.26 respectively. The market breadth was strong with 1,576 stocks advanced and 1115 stocks declined.

BSE bankex index surged by 102.17 points to close at 8,081.94 as Kotak bank (3.31%), SBI (3.18%), HDFCbank (2.87%), Union bank (2.08%), Axis bank (1.96%), PNB (1.82%) closed higher.

BSE oil & gas index grew by 57.62 points to close at 8,378.77 as GAIL (1.15%), ONGC (0.94%), Reliance industries (0.67%), BPCL (0.50%) and RPL (0.38%) closed higher.

BSE Auto Index grew by 63.56 points to close at 4,939.34 as Maruti Udyog (3.82%), TVS (3.23%), Hero Honda (1.67%), Tata Motors (1.35%), M&M (1.33%) and Bajaj auto (1%) closed in green.

BSE Capital goods index grew by 59.70 points to close at 13,723.88 as Suzlon energy (3.61%), Praj industries (3.06%), BEML (1.92%), Alfa laval (1.36%) and Alstom (1.26%) and L&T (0.14%) closed higher.

BSE IT index increased by 38.59 points to close at 4,482.57 as Mphasis (2.96%), Tech Mahindra (2.17%), TCS (1.34%), Satyam (1.25%), Wipro (1.07%) and Infosys (0.77%) closed in red.

BSE Health Care Index closed higher by 9.32 points at 3,693.88 as Lupin ltd (2.73%), Nicholas piramal (1.43%), Glennmark (0.55%), Sun pharma (0.24%) and Wokhardt (0.18%) closed in positive.

BSE Metal index increased marginally by 6.35 points to close at 11,924.63 as Jindal steel (7.55%), Welspun Gujarat (6.84%), sterlite industries (0.46%) closed in green while SAIL (0.95%), Hindalco (0.81%), Tata Steel (0.66%) and Nalco (0.50%) closed in red.

BSE FMCG index dropped by 11.14 points to close at 2,070.79 as United breweries (3.48%), Colgate Palmolive (1.26%), HUL (0.97%) and ITC (0.53%) closed in red.

Mid Market Commentary

The market is trading higher but range bound. The Realty, Bankex and Capital Goods stocks are attracting significant attention while the FMCG and IT stocks are facing some selling pressures.However the broader market has outperformed the benchmark indices as the BSE mid cap is higher by 43.57 points at 6,933.12 and small cap advanced by 68.33 points to 8,640.68. The overall market breadth is positive as 1595 stocks are advancing while 892 stocks are declining on BSE

At 12.30 pm, BSE Sensex was at 15,562.76 up by 57.40 points while Nifty was at 4,514.10 up by 17.25 points.

BSE Banks index surged by 90.63 points to trade at 8,070.40 as SBI (2.40%), HDFC Bank (1.95%), PNB (0.82%), Kotak Bank (0.57%), ICICI Bank (0.34%), are trading in green.

BSE Capital goods index improved 83.31 points to 13,747.49 as Siemens (0.55%), ABB (0.25%) and L&T (0.12%) are trading up while BHEL (0.06%) is trading down.

BSE Oil & Gas index was trading 39.03 points higher at 8,360.18 as BPCL (1.29%), HPCL (0.83%), RPL (0.81%), IPCL (0.76%), ONGC (0.48%) and GAIL (0.32%) are trading in positive

BSE Auto index grew 36.94 points to trade at 4,912.72 as Maruti Udyog (1.51%), Tata Motors (1.02%), Bajaj Auto (0.92%), Mahindra & Mahindra (0.86%) and Hero Honda Motors (0.76%) are trading in positive.

BSE Health Care index increased 10.30 points to trade at 3,694.86 as Cipla (0.57%), Dr. Reddy (0.55%) and Glenmark Pharmaceutical (0.87%) are trading in green

BSE IT index increased marginally by 3.39 points to trade at 4,467.17 as I-flex (0.59%), Wipro (0.10%) and Satyam (0.19%) are trading up while Infosys (0.60%), TCS (0.26%) and HCL Technologies (0.25%) are trading up.

BSE Metal index dropped 4.74 points to trade at 11,913.54 as SAIL (1.14%), NALCO (0.74%), Sterlite Industries (0.64%) and Tata Steel (0.14%) are trading lower.

BSE FMCG index decreased 10.95 points to trade at 2,070.98 as Nestle (1.34%) and Dabur (0.53%) are trading higher while HUL (1.24%) and ITC (0.50%) are trading lower.

Pre Open Market Commentary

Indian market is likely to have a positive opening as the Asian market is trading higher. On Wednesday, the Indian markets ended on a negative note, as BSE Sensex closed lower by 37.41 points at 15,505.36 while Nifty closed flat at 4,496.85. We expect the market to remain range bound during the trading session.

On Wednesday, the US market closed in negative. The Dow Jones Industrial Average slipped by 16.74 points to close at 13,291.65. The Nasdaq Composite Index decreased by 5.40 points to close at 2,592.07. The S&P 500 index closed flat at 1,471.56.

Indian ADRs ended in mixed. In technology sector, Satyam computers fell by (1.53%) along with Patni computers by (0.45%) and Wipro by (0.22%) respectively while Infosys grew by (0.66%). In banking sector, HDFC bank grew by (0.51%) while ICICI bank slipped by (1.28%). VSNL and MTNL grew by (3.37%) and (0.43%) respectively.

The major stock markets in Asia are trading higher. Japan''s Nikkei trading up by 61.49 points to trade at 15,859.09. Hang Seng grew by 209.48 points to trade at 24,519.62. Singapore Strait times trading higher by 6.42 points at 3,512.51. South Korea,s Seoul composite is trading flat at 1,814.96.

Today, Nifty has support at 4,460 and resistance at 4,558 and BSE Sensex has support at 15,325 and resistance at 15,690.

Post Market Commentary

The markets closed on negative note as BSE Sensex closed lower by 37.41 points at 15,505.36 and the Nifty closed flat at 4,496.85. The BSE mid cap and Small cap closed higher by 13.81 points and 43.26 points at 6,889.55 and 8,572.35 respectively. The market breadth was strong with 1,538 stocks advanced and 1162 stocks declined.

BSE Metal index surged by 146.06 points to close at 11,918.28 as Welspun Gujarat (5.35%), Jindal steel (5.16%), Sterlite industries (2.83%), SAIL (1.58%), JSW steel (1.33%) and Tata steel (0.37%) closed in green.

BSE oil & gas index increased by 60.44 points to close at 8,321.15 as IPCL (1.94%), RPL (1.17%), GAIL (0.21%) and Essar Oil (0.10%) closed higher while HPCL (2.37%), Indian Oil (2.12%) and BPCL (1.61%) are closed lower.

BSE Auto Index grew by 8.65 points to close at 4,875.78 as Bajaj Auto (2.58%) and Mahindra & Mahindra (0.14%) closed in positive while ashok Leyland (1.20%), Hero Honda (1.13%), Tata Motors (0.62%), Maruti Udyog (0.27%) closed in negative.

BSE Capital goods index slipped by 50.08 points to close at 13,664.18 as Crompton greaves (2.14%), Alfa laval (1.77%), L&T (0.89%), Siemens (0.60%), Punj Lloyd (0.49%) and BHEL (0.13%) closed lower.

BSE FMCG index dropped by 16.12 points to close at 2,081.93 as ITC (2.07%), Britannia (1.89%), Colgate Palmolive (0.68%) and Marico (0.92%) closed in red.

BSE Health Care Index closed lower by 19.26 points at 3,684.56 as Nicholas piramal (2.26%), Biocon (1.67%), Cipla (1.38%), Sun pharma (0.73%) and Lupin (0.83%) closed in negative.

BSE bankex index fell by 58.30 points at 7,979.77 as ICICI bank (1.83%), PNB (0.93%) and HDFC bank (0.52%) closed lower while IOB (3.15%), Canara bank (1.26%) and SBI (0.12%) closed higher.

BSE IT index slipped by 26.58 points to close at 4,443.98 as Mphasis ltd (3.62%), I-Flex (1.46%), HCL tech (1.24%), Satyam (1.03%), TCS (0.75%), Wipro (0.64%) and Infosys (0.17%) closed in red.

Mid Market Commentary

The market is facing a little bit of volatility and trading with marginal gains. The BSE mid cap is higher by 33.35 points at 6,909.09 and small cap advanced by 72.74 points to 8,601.83. The overall market breadth is positive as 1639 stocks are advancing while 898 stocks are declining on BSE.

At 12.30 pm, BSE Sensex was at 15,566.67 up by 23.90 points while Nifty was at 4,507.80 up by 10.75 points.

BSE Metal index surged 149.77 points to trade at 11,921.99 as JSW Steel (2.06%), Sterlite Industries (1.97%), SAIL (1.17%) and Tata Steel (0.85%) are trading higher

BSE Capital goods index improved 72.32 points to 13,786.58 as BHEL (0.31%), L&T (2595%) and ABB (0.08%) are trading up while Siemens (0.16%) is trading down.

BSE Oil & Gas index was trading 52.77 points higher at 8,313.48 as GAIL (1.28%), IPCL (1.03%) and HPCL (0.41%) are trading in positive while BPCL (0.62%) and ONGC (0.24%) are trading in negative.

BSE Auto index grew 34.47 points to trade at 4,901.60 as Bajaj Auto (2.01%), Mahindra & Mahindra (0.57%), Ashok Leyland (0.40%) and Tata Motors (0.29%) are trading in positive

BSE Banks index is trading up by 32.92 points to trade at 8,070.99 as PNB (0.73%), SBI (0.36%) and HDFC Bank (0.11%) are trading in green while IDBI (0.18%) and ICICI Bank (0.02%) are trading in red.

BSE Health Care index increased 7.21 points to trade at 3,711.03 as Sun Pharma (0.10%)and Glenmark Pharmaceutical (0.48%) are trading in green while GSK (0.40%), Cipla (0.37%), Ranbaxy (0.07%) and Dr. Reddy (0.02%) are trading in red.

BSE FMCG index increased 4.33 points to trade at 2,102.38 as Dabur (0.58%) is trading higher while Nestle (0.44%), ITC (0.30%) and Hindustan Unilever (0.02%) are trading lower.

BSE IT index slipped by 3.39 points to trade at 4,467.17 as TCS (0.78%), Satyam (0.46%), HCL Technologies (0.35%) and Infosys (0.16%) are trading down while Wipro (0.66%) is trading up.

Pre Open Market Commentary

Indian market is likely to have a positive opening due to favoring global cues. On Tuesday, the Indian markets ended on a negative note, as BSE Sensex closed lower by 54.06 points at 15,542.77 while Nifty slipped by 10.8 points to close at 4,497.05. We expect the market to trade higher during the trading session.

On Tuesday, the US market closed in green. The Dow Jones Industrial Average grew by 180.54 points to close at 13,308.39. The Nasdaq Composite Index grew by 38.36 points to close at 2,597.47. The S&P 500 index increased by 19.79 points to close at 1,471.49.

Indian ADRs ended in mixed. In technology sector, Satyam computers grew by (0.71%) along with Wipro by (0.36%) while Patni computers and Infosys slipped by (3.02%) and (0.32%) respectively. In banking sector, HDFC bank and ICICI bank advanced by (0.68%) and (0.32%) respectively. VSNL and MTNL grew by (3.37%) and (0.43%) respectively.

The major stock markets in Asia are trading higher. Japan''s Nikkei trading up by 56.69 points to trade at 15,934.36. Hang Seng grew by 229.67 points to trade at 24,181.91. Taiwan weighted advanced by 16.83 points to trade at 9,019.95. Singapore Strait times trading higher by 21.47 points at 3,516.04.

Today, Nifty has support at 4,470 and resistance at 4,565 and BSE Sensex has support at 15,460 and resistance at 15,750.

Post Market Commentary

The markets closed on negative note as BSE Sensex closed lower by 54.06 points at 15,542.77 and the Nifty slipped by 10.8 points to close at 4,497.05. The BSE mid cap closed lower by 8.65 points at 6,875.74 while Small cap closed higher by 14.72 points at 8,529.09. The market breadth was strong with 1,402 stocks advanced and 1340 stocks declined.

BSE Metal index surged by 166.17 points to close at 11,772.22 as SH.Precoated (5%), Jindal steel (4.80%), Tata Steel (2.27%), Jindal stainless (2.20%) and sterlite industries (0.85%) closed in green.

BSE Capital goods index advanced by 59.97 points to close at 13,714.26 as Suzlon energy (3.60%), Alstom projects (1.87%), BHEL (1.03%), Thermax (1.01%) and L&T (0.41%) closed higher.

BSE FMCG index grew by 12.95 points to close at 2,098.05 as United spirits (4.81%), Dabur India (3.69%), Colgate Palmolive (1.91%) and HUL (1.47%) closed in green.

BSE Health Care Index closed lower by 16.99 points at 3,703.82 as Nicho;as piramal (2.31%), Lupin (2.26%), Dr Reddy''s lab (1.01%), Glaxosmithkline (0.68%) and Cipla (0.59%) closed lower.

BSE bankex index closed lower by 62.30 points at 8,038.07 as SBI (1.12%), ICICI bank (1.11%), Yes bank (1.08%), BOI (0.78%), HDFC bank (0.71%), Canara bank (0.59%) closed in negative while IOB (7.22%) closed in positive

BSE Auto Index dropped by 33.24 points to close at 4,867.13 as Ashok Leyland (2.34%), Tata Motors (1.88%), Maruti Udyog (1.65%) and Mahindra and Mahindra (0.50%) closed in negative while Bajaj Auto (0.24%) and Hero Honda (0.02%) closed in positive.

BSE oil & gas index increased by 0.78 points to close at 8,260.71 as HPCL (2.30%), BPCL (1.65%), GAIL (0.58%) and RPL (0.08%),closed higher while IPCL (0.69%), ONGC (0.46%) and Indian Oil (0.15%) are closed lower.

BSE IT index slipped by 100.33 points to close at 4,470.56 as HCL Tech.(2.93%), Infosys (2.58%), Wipro (2.45%), TCS (2.21%) and Satyam (2.04%) closed in red.

Mid Market Commentary

The market has gave its opening gains and slipped to trade in the negative territory. The selling of scrips was seen in the IT and Bankex stocks. The overall market breadth is positive as 1368 stocks are advancing while 1245 stocks are declining on BSE.

However the broader market has outperformed the benchmark indices as At 12.30 pm, BSE Sensex was at 15,535.84 down by 60.99 points while Nifty was at 4,491.90 down by 15.95 points. The BSE mid cap is lower by 13.52 points at 6,870.87 and small cap advanced by 2.99 points to 8,517.36.

BSE Metal index surged 117.33 points to trade at 11,723.38 as NALCO (1.47%), Sterlite industries (1.16%), JSW Steel (0.82%), SAIL (0.58%) and Tata Steel (0.58%) are trading higher.

BSE Capital goods index improved 58.37 points to 13,712.66 as L&T (0.66%), BHEL (0.26%) and ABB (0.25%) are trading up whie Siemens (0.39%) is trading down.

BSE Oil & Gas index was trading 12.58 points higher at 8,272.51 as GAIL (0.97%) and RPL (0.19%) are trading in positive while BPCL (0.95%), HPCL (0.83%) and ONGC (0.48%) are trading in negative.

BSE FMCG index increased 10.58 points to trade at 2,095.68 as Dabur (3.29%) and HUL (0.26%) are trading higher while Nestle (0.31%) is trading lower.

BSE Banks index is trading up by 3.32 points to trade at 8,103.69 as PNB (0.20%) is trading in green while SBI (0.55%), HDFC Bank (0.50%) and ICICI Bank (0.22%) are trading in red.

BSE Health Care index increased 1.41 points to trade at 3,722.22 as Sun Pharma (0.80%) is trading in green while Dr. Reddy (0.91%), GSK (0.70%), Cipla (0.56%) and Ranbaxy (0.48%) are trading in red.

BSE IT index slipped by 46.04 points to trade at 4,524.85 as HCL Tech. (1.70%), TCS (1.53%), Infosys (1.23%), Satyam (1.13%) and Wipro (1.08%) are trading down.

BSE Auto index dropped 10.30 points to trade at 4,890.07 as Tata Motors (1.28%), Maruti Udyog (0.91%), Hero Honda (0.63%), Mahindra & Mahindra (0.14%) and Bajaj Auto (0.05%) are trading in positive.

Pre Open Market Commentary

Indian market is likely to have a positive opening as the Asian market is trading mixed and US market closed mixed. On Monday, the Indian markets ended flat, as BSE Sensex closed little higher by 6.41 points at 15,596.83 while Nifty slipped by 1.65 points to close at 4,507.85. We expect the market to remain range bound during the trading session.

On Monday, the US market closed in mixed. The Dow Jones Industrial Average grew by 14.47 points to close at 13,127.85. The Nasdaq Composite Index fell by 6.59 points to close at 2,559.11. The S&P 500 index decreased by 1.85 points to close at 1,451.70.

Indian ADRs ended in mixed. In technology sector, Patni computers grew by (1.94%) while Wipro slipped by (2.12%) along with Infosys and Satyam by (1.82%) and (1.23%) respectively. In banking sector, HDFC bank and ICICI bank advanced by (1.59%) and (0.68%) respectively. VSNL grew by (0.51%) while MTNL closed lower by (0.28%).

The major stock markets in Asia are trading mixed. Japan''s Nikkei trading higher by 39.43 points to trade at 15,804.40. Hang Seng grew by 42.80 points to trade at 24,042.50. Taiwan weighted advanced by 65.84 points to trade at 9,003.42. Singapore Strait times trading up by 36.27 points at 3,478.14.

Today, Nifty has support at 4,467 and resistance at 4,570 and BSE Sensex has support at 15,510 and resistance at 15,760.

Post Market Commentary

The markets closed flat as BSE Sensex closed little higher by 6.41 points at 15,596.83 and the Nifty closed little lower by 1.65 points at 4,507.85. The BSE mid cap and Small cap closed higher by 32.74 points and 80.85 points at 6,884.39 and 8,514.37 respectively. The market breadth was strong with 1,653 stocks advanced and 1086 stocks declined.

BSE FMCG index grew by 38.47 points to close at 2,085.10 as ITC (3.74%), United spirits by (2.71%), Tata Tea (2%) and Godrej (1.07%) closed in green.

BSE Capital goods index grew by 41.05 points to close at 13,654.29 as Jyothi structures (2.87%), Alstom projects (2.43%), ABB (1.58%), Punj Lloyd (1.44%), Bhel (0.51%) and Siemens (0.20%) closed higher.

BSE bankex index closed higher by 4.68 points at 8,100.37 as Kotak bank (3.76%), Andhra bank (1.42%), SBI (1.26%), Oriental bank (1.16%), Union bank (0.86%) and PNB (0.56%) closed in positive.

BSE Metal index dropped by 3.03 points to close at 11,606.95 as JSW steel (3.69%), Sterlite (1.45%) and SAIL (2.41%) closed lower while Sesa Goa (1.71%), Bhusan steel (1.36%), Jindal steel (1.08%) and Tata steel (0.72%) closed higher.

BSE Auto Index grew by 10.54 points to close at 4,900.37 as Tata Motors (0.91%), Ashok Leyland (0.13%) and Bajaj Auto (0.11%) closed in positive while Hero Honda (1.04%) and Mahindra and Mahindra (0.45%) closed in negative.

BSE oil & gas index increased by 74.16 points to close at 8,259.93 as RPL (4.48%), BPCL (3.65%), HPCL (3.39%) and IPCL (1.79%) closed higher while ONGC (2.19%) and GAIL (0.24%) are closed lower.

BSE IT index slipped by 88.81 points to close at 4,570.89 as HCL Tech.(5.23%), TCS (2.82%), Wipro (2.39%) Infosys (1.96%) and Satyam (1.67%) closed in red.

BSE Health Care Index closed higher by 15.13 points at 3,720.81 as Orchid chemeicals (4.28%), ranbaxy (2.17%), Divi''s lab (1.04%), Lupin (0.67%) closed higher while Glennmark (48.13%) closed in red due to stock split.

Mid Market Commentary

The market has recovered from the day''s lows but is still trading in negative territory. The buying is seen in the Capital Goods, Oil & Gas and FMCG stocks. The BSE mid cap is higher by 19.61 points at 6,871.26 and small cap advanced by 60.79 points to 8,494.31.

At 12.30 pm, BSE Sensex was at 15,559.05 down by 31.37 points while Nifty was at 4,494.35 down by 15.15 points. The overall market breadth is positive as 1466 stocks are advancing while 1066 stocks are declining on BSE.

BSE Capital goods index improved 65.17 points to 13,678.41 as ABB (1.83%), BHEL (0.58%), Siemens (0.13%) and L&T (0.08%) are trading up.

BSE Oil & Gas index was trading 39.41 points higher at 8,225.18 as IPCL (1.81%), HPCL (1.29%), BPCL (0.99%) and RPL (0.81%) are trading in positive while ONGC (2.47%) and GAIL (0.64%) are trading in negative.

BSE FMCG index increased 26.76 points to trade at 2,073.39 as ITC (3.37%) and Nestle (0.38%) are trading higher while HUL (0.91%) and Dabur (0.55%) are trading lower.

BSE Health Care index increased 7.93 points to trade at 3,713.61 as GSK (0.44%) and Ranbaxy (0.24%) are trading in green while Cipla (1.10%), Dr. Reddy (1.05%) and Sun Pharma (0.69%) are trading in red.

BSE IT index slipped by 70.94 points to trade at 4,588.76 as HCL Tech. (4.35%), Wipro (1.88%), TCS (1.86%), Infosys (1.57%) and Satyam (1.56%) are trading down.

BSE Banks index is trading down by 65.17 points to trade at 13,678.41 as HDFC Bank (1.59%), ICICI Bank (1.09%), PNB (0.41%) and SBI (0.06%) are trading in red.

BSE Metal index dropped 21.06 points to trade at 11,588.02 as JSW steel (2.39%), Sterlite industries (1.63%) and Hindalco Industries (1.34%) are trading lower while SAIL (1.58%) and NALCO (0.37%) are trading higher.

BSE Auto index dropped 11.92 points to trade at 4,877.91 as Mahindra & Mahindra (1.70%), Hero Honda Motors (1.35%) and Tata Motors (0.29%) are trading in red while Bajaj Auto (0.56%) 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 negative note, as BSE Sensex closed lower by 25.89 points at 15,590.42 while Nifty slipped by 9.1 points to close at 4,509.50. We expect the market to remain cautious during the trading session.

On Friday, the US market closed in red. The Dow Jones Industrial Average declined by 249.97 points to close at 13,113.38. The Nasdaq Composite Index fell by 48.62 points to close at 2,565.70. The S&P 500 index decreased by 25 points to close at 1,453.55.

Indian ADRs ended in negative territory. In technology sector, Patni computers dropped by (4.45%) along with Infosys by (2.65%), Satyam by (2.56%) and Wipro by (1.74%). In banking sector, HDFC bank and ICICI bank fell by (2.85%) and (2.12%) respectively. VSNL and MTNL closed lower by (4.88%) and (1.81%) respectively.

The major stock markets in Asia are trading weak. Japan''s Nikkei trading lower by 340.49 points to trade at 15,781.67. Hang Seng slipped by 370.12 points to trade at 23,612.49. Taiwan weighted dropped by 83.02 points to trade at 8,935.06. Singapore Strait times trading lower by 73.60 points at 3,415.37.

Today, Nifty has support at 4,340 and resistance at 4,605 and BSE Sensex has support at 15,240 and resistance at 15,630.

Post Market Commentary

The markets closed the session on a negative note as BSE Sensex closed lower by 25.89 points at 15,590.42 and the Nifty slipped by 9.1 points to close at 4,509.50. The BSE mid cap and Small cap closed higher by 2.97 points and 37.94 points at 6,851.65 and 8,433.52 respectively. The market breadth was strong with 1,369 stocks advanced and 1314 stocks declined.

BSE FMCG index grew by 14.54 points to close at 2,046.63 as Marico ltd (2.37%), ITC (1.83%), Tata tea (0.62%) and united breweries (0.70%) closed in green.

BSE Capital goods index slipped by 45.42 points to close at 13,613.24 as Jyothi structures (2.68%), Alstom projects (2.38%), Suzlon energy (1.66%), ABB (0.97%), BHEL (0.65%), L&T (0.60%) closed in red.

BSE bankex index closed lower by 15.16 points at 8,095.69 as Bank of Boroda (2.43%), Yes bank (0.92%), SBI (0.72%), Bank of India (0.46%), ICICI bank (0.17%) and PNB (0.11%) closed lower.

BSE Metal index dropped by 77.96 points to close at 11,609.08 as Bhusan steel (3.49%), Jindal stainless (2.32%), SAIL (2.04%), Sterlite industries (1.77%), Tata steel (0.65%) closed in red.

BSE Auto Index fell by 47.71 points to close at 4,889.83 as Mahindra and Mahindra (2.46%), Tata Motors (2.15%), TVS motors (1.76%), Punjab tractors (1.38%), Bharat Forge (1.19%) and Bajaj auto (0.38%) closed in negative.

BSE oil & gas index decreased by 46.06 points to close at 8,185.77 as Essar Oil (1.62%), GAIL (1.19%), Reliance industries (1.10%), HPCL (1.02%), RPL (0.93%) and BPCL (0.67%) closed lower.

BSE IT index slipped by 5.76 points to close at 4,659.70 as Patni Computers (3.57%), I-Flex (2.32%), HCL tech (1.94%), Finance tech (1.07%) and Satyam (0.61%) closed in red.

BSE Health Care Index closed lower by 11.35 points at 3,705.68 as Cipla (2.35%), Glennmark (1.88%), Biocon (1.77%), Cadila (1.47%) and Ranbaxy (4.15%) closed lower.

Mid Market Commentary

The market is trading with marginal gains as selling seen in the Auto and IT stocks. However the Realty and Metal stocks are driving significant attention. The overall market breadth is positive as 1627 stocks are advancing while 899 stocks are declining and 66 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 15,659.69 up by 43.38 points while Nifty was at 4,535 up by 16.40 points. The BSE mid cap is higher by 48.76 points at 6,897.44 and small cap advanced by 110.46 points to 8,506.04.

BSE Metal index advanced 99.57 points to trade at 11,786.61 as JSW Steel (3.74%), Hindalco Industries (2.74%), NALCO (0.76%) and TATA Steel (0.72%) are trading higher while SAIL (0.52%) and Sterlite Industries (0.13%) are trading lower.

BSE Capital goods index improved 35.16 points to 13,693.82 as BHEL (0.26%) and L&T (0.19%) are trading up while Siemens (0.62%) and ABB (0.17%) are trading down.

BSE Banks index is trading up by 35.70 points to trade at 8,146.55 as PNB (0.61%), SBI (0.55%), HDFC Bank (0.42%) and ICICI Bank (0.11%) are trading in green.

BSE Oil & Gas index was trading 24.87 points higher at 8,256.70 as ONGC (2.51%), GAIL (0.95%), Indian Oil (1.31%) are trading in positive while HPCL (0.66%) and IPCL (0.06%) are trading in negative.

BSE FMCG index increased 22.63 points to trade at 2,054.72 as ITC (1.63%), Dabur (0.45%) and HUL (0.32%) are trading higher.

BSE Health Care index increased 9.28 points to trade at 3,726.31 as Sun Pharma (2.85%), Dr. Reddy (0.45%), GSK (0.26%) and Ranbaxy (0.24%) are trading in green whereas Cipla (1.62%) is trading in red.

BSE IT index slipped by 3.45 points to trade at 4,662.01 as Wipro (1.26%), Satyam (0.88%) and HCL Tech. (0.32%) are trading down while Infosys (0.21%) and TCS (0.09%) are trading up.

BSE Auto index dropped 0.28 points to trade at 4,937.26 as Tata Motors (0.70%), Maruti Udyog (0.23%) and Bajaj Auto (0.21%) are trading in red while Hero Honda (1.68%) and M&M (0.28%) are trading in green.

Pre Open Market Commentary

Indian market is likely to have a positive opening as the US market closed higher. On Thursday, the Indian markets ended on a positive note, as BSE Sensex closed higher by 170.16 points at 15,616.31 while Nifty grew by 37.35 points to close at 4,518.60. We expect the market to remain range bound during the trading session.

On Thursday, the US market closed in green. The Dow Jones Industrial Average advanced by 57.88 points to close at 13,363.35. The Nasdaq Composite Index grew by 8.37 points to close at 2,614.32. The S&P 500 index increased by 6.26 points to close at 1,478.55.

Indian ADRs ended in positive territory. In technology sector, Infosys grew by (2.38%) along with Wipro by (0.56%) and Satyam by (0.24%) while Patni computers slipped by (1.08%). In banking sector, HDFC bank and ICICI bank grew by (3.23%) and (1.42%) respectively. VSNL and MTNL closed higher by (3.96%) and (3%) respectively.

The major stock markets in Asia are trading mixed. Japan''s Nikkei trading lower by 100.42 points to trade at 16,156.58. Hang Seng slipped by 56.80 points to trade at 23,993.60. Taiwan weighted advanced by 41.37 points to trade at 9,058.45. Singapore Strait times trading higher by 25.16 points at 3,491.22.

Today, Nifty has support at 4,480 and resistance at 4,590 and BSE Sensex has support at 15,520 and resistance at 15,870.

Post Market Commentary

The markets closed the session on a positive note as BSE Sensex closed higher by 170.16 points at 15,616.31 and the Nifty grew by 37.35 points to close at 4,518.60. The BSE mid cap and Small cap closed higher by 75.34 points and 105.77 points at 6,848.68 and 8.395.58 respectively. The market breadth was strong with 1,683 stocks advanced and 1298 stocks declined.

BSE Capital goods index grew by 91.95 points to close at 13,658.66 as Lakshmi machines (9.37%), Praj industries (8.91%), Siemens (2.36%), ABB (1.30%), L&T (0.39)% and BHEL (0.07%) closed in green.

BSE bankex index closed higher by 92.43 points at 8,110.85 as Andhra bank (4.66%), Bank of India (3.31%), Yes bank (3.19%), SBI (2.35%), HDFC bank (0.97%), ICICI bank (0.63%) and PNB (0.59%) closed higher.

BSE Metal index advanced by 88.45 points to close at 11,687.04 as SAIL (4.09%), Hind zinc (2.72%), Nalco (1.55%), JSW Steel (1.39%) and Tata Steel (1.31%) closed in green.

BSE Auto Index grew by 60.58 points to close at 4,937.54 as Hero Honda (2.79%), Tata Motors (1.94%), Ashok Leyland (1.94%), M&M (1.72%), Bajaj Auto (1.14%) and Maruti Udyog (1%) closed in green.

BSE oil & gas index improved by 90.24 points to close at 8,231.83 as ERPL (1.47%), Essar Oil (0.87%), Indian Oil (0.89%), ONGC (0.67%), IPCL (0.62%) and GAIL (0.53%) closed higher.

BSE IT index jumped by 19.17 points to close at 4,665.46 as Wipro (1.09%), Satyam (0.89%), HCL Tech. (0.57%), TCS (0.53%) and Infosys (0.33%) closed higher.

BSE Health Care Index closed up by 18.33 points at 3,717.03 as Ranbaxy (3.53%), Cipla (1.12%), Biocon (0.93%) and Aventis pharma (0.84%) closed higher.

BSE FMCG index grew by 30.88 points to close at 2,032.09 as ITC (2.10%), HUL (1.84%), United spirits (1.82%) and Bata India (1.26%) closed in green.

Mid Market Commentary

The market has gained more points and inched higher after a silent start to the session. The strong buying continued in the Capital Goods, Oil & Gas and Bank stocks. The overall market breadth is positive as 1597 stocks are advancing while 951 stocks are declining and 75 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 15,558.98 up by 112.83 points while Nifty was at 4,502.55 up by 26.70 points. The BSE mid cap is higher by 58.11 points at 6,831.45 and small cap advanced by 74.14 points to 8,363.95.

BSE Capital goods index improved 104.01 points to 13,670.72 as Siemens (2.07%), BHEL (0.74%), L&T (0.50%) and ABB (0.25%) are trading up.

BSE Auto index enhanced 59.55 points to trade at 4,936.51 as Tata Motors (1.86%), Bajaj Auto (1.69%), Hero Honda Motors (1.57%), M&M (0.98%) and Maruti Udyog (0.69%) are trading in green.

BSE Banks index is trading up by 50.86 points to trade at 8,069.28 as SBI (0.94%), PNB (0.82%), HDFC Bank (0.34%) and ICICI Bank (0.33%) are trading in green.

BSE Oil & Gas index was trading 47.71 points higher at 8,189.30 as ONGC (0.84%), RPL (0.82%), GAIL (0.32%) and IPCL (0.26%) are trading in positive while HPCL (0.42%) and BPCL (0.25%) are trading in negative.

BSE Health Care index increased 15.53 points to trade at 3,714.22 as Ranbaxy (2.50%), Dr. Reddy (0.61%) and Cipla (0.55%) are trading in green whereas GSK (0.70%) and Sun Pharma (0.41%) are trading in red.

BSE Metal index advanced 8.62 points to trade at 11,607.21 as SAIL (1.21%), TATA Steel (1.03%) and Sterlite Industries (0.58%) are trading higher while Hindalco Industries (1.50%) is trading lower.

BSE FMCG index increased 14.68 points to trade at 2,015.89 as HUL (2.36%) and ITC (0.26%) are trading higher while Dabur (0.59%) is trading lower.

BSE IT index advanced by 4.82 points to trade at 4,651.11 as HCL Tech. (0.64%), Satyam (0.45%) and Infosys (0.32%) are trading up while Wipro (0.42%) and TCS (0.19%) are trading down.

Pre Open Market Commentary

Indian market is likely to have a negative opening on the back of negative global cues. On Wednesday, the Indian markets ended on a negative note, as BSE Sensex closed lower by 19.25 points at 15,446.15 while Nifty slipped by 3.4 points to close at 4,475.85. We expect the market to face profit booking during the trading session.

On Wednesday, the US market closed in red. The Dow Jones Industrial Average declined by 143.39 points to close at 13,305.47. The Nasdaq Composite Index slipped by 24.29 points to close at 2,605.95. The S&P 500 index decreased by 17.13 points to close at 1,472.29.

Indian ADRs ended in negative territory. In technology sector, Patni computers slipped by (4.71%) along with Wipro by (3.12%), Satyam (1.70%) and Infosys by (1.52%) respectively. In banking sector, HDFC bank and ICICI bank slipped by (2.41%) and (2.21%) respectively. VSNL and MTNL closed lower by (4.46%) and (0.85%) respectively.

The major stock markets in Asia are trading mixed. Japan''s Nikkei trading lower by 72.92 points to trade at 16,085.53. Hang Seng dipped by 189.09 points to trade at 23,880.08. Taiwan weighted advanced by 61.16 points to trade at 8,975.01. Singapore Strait times trading flat at 3,444.75.

Today, Nifty has support at 4,385 and resistance at 4,500 and BSE Sensex has support at 15,160 and resistance at 15,510.

Post Market Commentary

The markets closed the session on a negative note as BSE Sensex closed lower by 19.25 points at 15,446.15 and the Nifty slipped by 3.4 points to close at 4,475.85. The BSE mid cap and Small cap closed higher by 7.42 points and 18.86 points at 6,773.34 and 8,289.81 respectively. The market breadth was strong with 1,436 stocks are advancing and 1298 stocks are declining.

BSE Capital goods index slipped by 65.90 points to close at 13,566.71 as Jyoti structures (2.82%), L&T (1.32%), Praj industries (1.05%), BHEL (0.94%) and Siemens (0.32%) closed in red.

BSE bankex index closed higher by 11.84 points at 8,018.42 as Andhra bank (1.58%), AXIS bank (1.36%) and ICICI bank (1.17%) closed higher while Bank of Boroda (2.52%), BOI (2.43%), Yes bank (1.53%), SBI (0.99%) and HDFC bank (0.15%) closed lower.

BSE Metal index advanced by 20.02 points to close at 11,598.59 as JSW steel (2.68%), Sesa Goa (1.72%), Sterlite (0.55%), Welspun (0.35%) closed higher while Bhusan steel (4.55%), Hind Zinc (2.37%) and Jindal stainless (1.07%) closed lower.

BSE Auto Index grew marginally by 2.64 points to close at 4,876.96 as Tata Motors (1.05%), Ashok Leyland (0.91%) and Bajaj Auto (0.90%) closed in green while M&M (0.84%), Maruti Udyog (2.34%), Hero Honda (1.01%) closed in red.

BSE oil & gas index dropped by 45.95 points to close at 8,141.59 as HPCL (0.94%), RPL (0.73%), IPCL (0.67%), Indian Oil (0.44%), ONGC (0.23%) and BPCL (0.02%) closed lower.

BSE IT index jumped by 20.45 points to close at 4,646.29 as HCL Tech. (1.61%), Wipro (1.47%), Infosys (0.44%), TCS (0.53%) and I-Flex (0.48%) closed higher.

BSE Health Care Index closed up by 18.33 points at 3,698.69 as Matrix labs (8.53%), Sun pharma (3.16%), Cadila (2.26%), Cipla (1.87%), GlaxoSmithKline (0.33%) and Dr reddy (0.16%) closed higher.

BSE FMCG index grew by 6.97 points to close at 2,001.21 as united breweries (3.10%), Colgate Palmolive (1.58%), Dabur (1.29%), HUL (0.81%) and Godrej (0.68%) closed in green.

Mid Market Commentary

The market is now trading flat after it has pared all its opening gains as selling emerged in the selective scrips led by Oil & Gas and Capital Goods stocks. The market is little volatile since its opening session. However the broader market has outperformed. The overall market breadth is positive as 1597 stocks are advancing while 951 stocks are declining

At 12.30 pm, BSE Sensex was at 15,479.40 up by 26.89 points while Nifty was at 4,477.05 down by 2.20 points. The BSE mid cap is higher by 29.83 points at 6,795.75 and small cap advanced by 36.39 points to 8,307.34.

BSE Banks index is trading up by 11.49 points to trade at 8,018.07 as IDBI Bank (2.11%), ICICI Bank (0.43%) and PNB (0.41%) is trading in green while HDFC Bank (0.94%) and SBI (0.12%) are trading in red.

BSE Metal index advanced 43.27 points to trade at 11,621.84 as SAIL (0.88%), Tata Steel (0.67%) and Sterlite Industries (0.16%) are trading higher.

BSE Health Care index increased 4.04 points to trade at 3,684.40 as Cipla (2.22%), Sun Pharma (0.42%) and Dr. Reddy (0.30%) are trading in positive whereas Ranbaxy (1.47%) and GSK (0.35%) are trading in negative.

BSE IT index advanced by 36.77 points to trade at 4,662.61 as Wipro (1.07%), Satyam (0.89%), TCS (0.66%), Infosys (0.63%) and HCL Tech. (0.32%) are trading up.

BSE FMCG index grew 0.42 points to trade at 1,994.66 as Dabur (1.25%), HUL (0.45%) are trading higher while ITC (0.32%) is trading higher.

BSE Capital goods index dropped 22.62 points to 13,609.99 as Siemens (1.66%), BHEL (1.10%) and L&T (0.38%) are trading down whereas ABB (0.42%) is trading up.

BSE Oil & Gas index was trading 14.30 points lower at 8,173.24 as RPL (0.81%), IPCL (0.77%), GAIL (0.64%), HPCL (0.42%) and BPCL (0.33%) are trading in negative.

BSE Auto index slipped 4.74 points to trade at 4,869.58 as Maruti Udyog (1.68%), M&M (0.84%) and Hero Honda (0.78%) are trading in red while Bajaj Auto (1.26%) and Tata Motors (0.25%) 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 Tuesday, the Indian markets ended on a positive note, as BSE Sensex closed higher by 43.35 points at 15,465.40 while Nifty grew by 4.5 points to close at 4,479.25. We expect the market to remain range bound during the trading session.

On Tuesday, the US market closed in green. The Dow Jones Industrial Average grew by 91.12 points at 13,448.86. The Nasdaq advanced by 33.88 points at 2,630.24. The S&P 500 index increased by 15.43 points to close at 1,489.42.

The major stock markets in Asia are trading higher. Japan''s Nikkei trading higher by 11.92 points at 16,408.55. Hang Seng grew by 310.60 points to trade at 24,196.67. Taiwan weighted advanced by 33.74 points to trade at 8,956.72. Singapore Strait times increased by 20.56 points to trade at 3,396.62.

Indian ADRs ended in positive. In technology sector, Infosys grew by (1.91%) along with Wipro by (0.82%) while Patni computers and Satyam slipped by (0.83%) and (0.47%) respectively. In banking sector, ICICI bank advanced by (1.78%) while HDFC bank fell by (0.17%). VSNL and MTNL closed higher by (2.23%) and (1.88%) respectively.

Today, Nifty has support at 4,443 and resistance at 4,548 and BSE Sensex has support at 15,300 and resistance at 15,710.

Post Market Commentary

The markets closed the session on a positive note as BSE Sensex closed higher by 43.35 points at 15,465.40 and the Nifty grew by 4.5 points to close at 4,479.25. The BSE mid cap and Small cap closing higher by 45.85 points and 76.50 points at 6,765.92 and 8,270.95 respectively. The market breadth was strong with 1,744 stocks are advancing and 991 stocks are declining.

BSE Capital goods index grew by 43.83 points to close at 13,632.61 as Jyoti Structures (4.78%), L&T (1.40%), Punj Lloyd (1.34%), ABB (1.10%) and Bharat electricals (1.07%) closed in green while Bhel (1.53%), Siemens (0.79%) and Suzlon energy (0.42%) closed in red.

BSE bankex index closed higher by 16.26 points at 8,006.58 as AXIS bank (3.67%), IOB (3.27%), Union bank (2.38%), Oriental bank (1.71%) and SBI (0.30%) closed in green.

BSE Metal index slipped by 59.37 points to close at 11,578.57 as Hindalco (2.09%), Tata Steel (1.22%), Jindal Stainless (1.15%), SAIL (0.93%), Sterlite industries (0.71%) and Hind Zinc (0.50%) closed lower.

BSE Auto Index slipped by 25.26 points to close at 4,874.32 as Hind Motors (2.52%), Tata Motors (1.70%), TVS (1.28%), Bajaj Auto (1.52%), MRF (0.82%) and M&M (0.76%) closed in red.

BSE oil & gas index grew by 32.43 points to close at 8,187.54 as Indian Oil (2.40%), HPCL (1.32%), GAIL India (1.23%), Reliance industries (0.82%) and RPL (0.24%) closed higher.

BSE Health Care Index closed up by 49.03 points at 3,680.36 as Glennmark (4.90%), Cipla (4.45%), Lupin (3.28%), Nicholas Piramal (2.88%) and Ranbaxy (2.66%) closed higher.

BSE FMCG index decreased by 8.87 points to close at 1,994.24 as Colgate Palmolive (2.15%), Nestle (1.26%), ITC (1.24%), Tata Tea (0.63%), Dabur India (0.40%) and Britannia 0.29% closed in red.

BSE IT index jumped by 18.02 points to close at 4,625.84 as Mosear Baer (1.67%), Infosys (1.44%) and TCS (0.65%) closed higher while Patni computers (5.58%), Wipro (1.99%) and Satyam (0.14%) closed lower.

Mid Market Commentary

The market is now trading flat. The market is little volatile since its opening session. The Realty, IT and Bank stocks are facing the strong demand. However the FMCG and Auto stocks are facing the selling pressures. The overall market breadth is positive as 1597 stocks are advancing while 951 stocks are declining and 75 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 15,448.94 up by 26.89 points while Nifty was at 4,474.60 up by 0.15 points. The BSE mid cap is higher by 37.04 points at 6,757.11 and small cap advanced by 58.87 points to 8,253.32.

BSE Capital goods index improved 7.41 points to 13,596.19 as ABB (0.94%) and L&T (0.50%) are trading up whereas BHEL (0.88%) and Siemens (0.08%) are trading down.

BSE Banks index is trading up by 46.99 points to trade at 8,037.31 as Kotak Bank (1.04%) and ICICI Bank (0.55%) are trading in green while SBI (0.44%), HDFC Bank (0.26%) and PNB (0.28%) are trading in red.

BSE Metal index advanced 11.50 points to trade at 11,649.44 as SAIL (0.60%) and Sterlite Industries (1.01%) are trading higher while Hindalco Industries (1.65%) and Tata Steel (0.26%) are trading lower.

BSE Health Care index increased 29.44 points to trade at 3,660.77 as Cipla (5.23%), Ranbaxy (0.50%) and Dr. Reddy (0.02%) are trading in green whereas Sun Pharma (1.21%) and GSK (0.51%) are trading in red.

BSE Oil & Gas index was trading 6.30 points higher at 8,161.41 as GAIL India 1.27%, HPCL 1.04%, Indian Oil 0.95%, RPL 0.73% are trading in positive

BSE IT index advanced by 24.56 points to trade at 4,632.38 as Infosys 1.14%, TCS 1.06%, Rolta India 0.60% and Satyam 0.44% are trading up.

BSE FMCG index fell 10.69 points to trade at 1,992.42 as Colgate palmolive 1.52%, ITC 1.29% and Nestle 0.10% are trading lower .

BSE Auto index decreased 18.90 points to trade at 4,880.68 as Hind Motors 1.74%, Tata Motors 1.42%, Amtek Auto 1.59%, Maruti Udyog 0.66%, Bajaj Auto 0.61%, M&M 0.34% are trading in red.

Pre Open Market Commentary

Indian market is likely to have a flat opening as the Asian market is trading mixed. On Monday, the Indian markets ended on a positive note, as BSE Sensex closed higher by 103.45 points at 15,422.05 while Nifty grew by 10.75 points to close at 4,474.75. We expect the market to remain range bound during the trading session.

US market remain closed yesterday due to celebration of their labor day.

The major stock markets in Asia are trading mixed. Japan''s Nikkei trading lower by 70.15 points at 16,454.78. Hang Seng grew by 33.37 points to trade at 23,937.46. Taiwan weighted slipped by 55.83 points to trade at 8,924.13. Singapore Strait times trading flat at 3,386.62. Seoul Composite also trading flat at 1,882.03.

Today, Nifty has support at 4,375 and resistance at 4,530 and BSE Sensex has support at 15,150 and resistance at 15,560.