Pre Session Market

Indian market is likely to have flat opening as the Asian Market are trading mixed. On Monday, the BSE Sensex closed lower by 385.45 points at 19,590.78 and Nifty fell 85.1 points to close at 5,847.30. We expect the market remain range bound during the trading session.

Monday, the US markets closed lower as the Dow Jones Industrial Average (DJIA) dropped by 51.70 points to close at 13,543.40along with NASDAQ Composite and S&P 500 closed lower by 15.20 points and 7.48 points at 2,795.18 and 1,502.17 respectively.

Indian ADRs ended in negative territory. In banking sector, ICICI bank & HDFC bank dropped by (3.86%) and (3.50%) respectively. In technology sector, Satyam fell by (4.43%) along with Infosys by (3.56%) and Wipro by (1.71%). In telecommunication sector, MTNL and VSNL slipped by (2.97%) and (2.24%).

The major stock markets in Asia are trading mixed. Japan''s Nikkei is trading higher by 85.01 points at 16,353.93. Hang Seng is trading down by 358.24 points at 28,584.08. Taiwan weighted is up by 15.27 points at 9,323.87 and Seoul Composite is trading higher by 14.16 points at 2,029.92.

Yesterday, FIIs performed mixed activity as the gross equity purchased was Rs.3,322.70 (in crores), and the gross debt purchased was Rs.175.40 (in crores) as against the gross equity sold was Rs.4,084.10 (in crores) and the gross debt sold was Rs.119.50 (in crores). The net investment of equity was -Rs.761.40 (in crores) and the net debt investment was Rs.55.90 (in crores).

Today, Nifty has support at 5,752 and resistance at 5,937 and BSE Sensex has support at 19,305 and resistance at 19,910.