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.
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