The Indian Markets today is likely to have a positive opening on the back of mixed global cues. On Wednesday, the markets closed with marginal gains after making a come back in the final trading hour of the session. The market opened on a strong note on the back of favoring cues from the global markets. Though the market opened on a firm note but unable to sustain its gains at higher levels as the profit booking across the sectoral indices scrips prevails. The BSE Sensex closed marginally up by 12.32 points at 19,091.96 and NSE Nifty closed higher by 8.85 points at 5,751.15. We expect the market to remain range bound during the trading session.
On Wednesday, the US market closed mixed. On Wednesday, the DJIA closed lower by 25.52 points at 13,206.95 along with S&P 500 index by 1.98 points to close at 1,453 while NASDAQ closed up by 4.98 points to close at 2,601.01.
Indian ADRs ended in mixed. In technology sector, Satyam grew by 0.48% along with Wipro by 0.36%, Patni computers 0.32% and Infosys 0.17%. In banking sector, HDFC bank and ICICI bank declined by (1.79%) and (0.59%) respectively. In telecommunication sector, VSNL and MTNL surged (21.69%) and (3.67%) respectively. Sterlite industries dropped by (2.24%).
The major stock markets in Asia are trading mixed. Japan''s Nikkei is trading up by 108.50 points at 15,139.01 while Hang Seng is trading lower by 21.58 points at 27,007.68. Taiwan weighted is also trading down by 40.88 points at 7,973.43. On Wednesday, the FIIs stood as the net seller both in equity and debt. The gross equity purchased was Rs3,446.50 Crore and the gross debt purchased was Rs2 Crore while the gross equity sold stood at Rs5,896.30 Crore and gross debt sold stood at Rs262.70Crore. Therefore, the net investment of equity reported was (Rs2,449.80 Crore) and net debt was (Rs260.70Crore).
Today, Nifty has support at 5,672 and resistance at 5,847 and BSE Sensex has support at 18,872 and resistance at 19,384.
On Wednesday, the US market closed mixed. On Wednesday, the DJIA closed lower by 25.52 points at 13,206.95 along with S&P 500 index by 1.98 points to close at 1,453 while NASDAQ closed up by 4.98 points to close at 2,601.01.
Indian ADRs ended in mixed. In technology sector, Satyam grew by 0.48% along with Wipro by 0.36%, Patni computers 0.32% and Infosys 0.17%. In banking sector, HDFC bank and ICICI bank declined by (1.79%) and (0.59%) respectively. In telecommunication sector, VSNL and MTNL surged (21.69%) and (3.67%) respectively. Sterlite industries dropped by (2.24%).
The major stock markets in Asia are trading mixed. Japan''s Nikkei is trading up by 108.50 points at 15,139.01 while Hang Seng is trading lower by 21.58 points at 27,007.68. Taiwan weighted is also trading down by 40.88 points at 7,973.43. On Wednesday, the FIIs stood as the net seller both in equity and debt. The gross equity purchased was Rs3,446.50 Crore and the gross debt purchased was Rs2 Crore while the gross equity sold stood at Rs5,896.30 Crore and gross debt sold stood at Rs262.70Crore. Therefore, the net investment of equity reported was (Rs2,449.80 Crore) and net debt was (Rs260.70Crore).
Today, Nifty has support at 5,672 and resistance at 5,847 and BSE Sensex has support at 18,872 and resistance at 19,384.
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