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.