The market closed on a strong note on the back of buying across the sectoral heavy weights. On Monday, the BSE Sensex grew by 240.22 points to close at 19,603.41 and NSE Nifty closed up by 102.25 points at 5,865. We expect that the market may remain range bound during the trading session.
On Monday, the US market closed in red. The DJIA closed lower by 57.15 points at 13,314.57. The S&P 500 index fell by 8.72 points to closed at 1,472.42 while Nasdaq slipped by 23.83 points to closed at 2,637.13.
Indian ADRs ended in negative territory. In technology sector, Wipro fell (2.48%) along with Infosys by (1.19%) and Satyam by (0.65%). In banking sector, ICICI bank and HDFC bank slipped by (3.59%) and (1.13%) respectively. VSNL dropped by (2.93%) while MTNL grew by (0.22%).
The major stock markets in Asia are trading mixed. Hang Seng is trading up by 108.52 points at 28,766.94. Taiwan Weighted is trading higher by 21.67 points at 8,605.51 While Japan''s Nikkei is trading lower by 78.69 points at 15,550.28. Seoul Composite is trading at 1,912.52 up by 10.09 points.
On Monday, the FIIs stood as the net buyer. The gross equity purchased was Rs7, 639.40 Crore as against the net debt purchased was Rs39.30 Crore while the gross equity sold was Rs6, 159 Crore. So, the net investment of equity stood at Rs1,480.40 Crore and net debt stood at Rs39.30 Crore.
Today, Nifty has support at 5,806 and resistance at 5,940 and BSE Sensex has support at 19,458 and resistance at 19,810.
On Monday, the US market closed in red. The DJIA closed lower by 57.15 points at 13,314.57. The S&P 500 index fell by 8.72 points to closed at 1,472.42 while Nasdaq slipped by 23.83 points to closed at 2,637.13.
Indian ADRs ended in negative territory. In technology sector, Wipro fell (2.48%) along with Infosys by (1.19%) and Satyam by (0.65%). In banking sector, ICICI bank and HDFC bank slipped by (3.59%) and (1.13%) respectively. VSNL dropped by (2.93%) while MTNL grew by (0.22%).
The major stock markets in Asia are trading mixed. Hang Seng is trading up by 108.52 points at 28,766.94. Taiwan Weighted is trading higher by 21.67 points at 8,605.51 While Japan''s Nikkei is trading lower by 78.69 points at 15,550.28. Seoul Composite is trading at 1,912.52 up by 10.09 points.
On Monday, the FIIs stood as the net buyer. The gross equity purchased was Rs7, 639.40 Crore as against the net debt purchased was Rs39.30 Crore while the gross equity sold was Rs6, 159 Crore. So, the net investment of equity stood at Rs1,480.40 Crore and net debt stood at Rs39.30 Crore.
Today, Nifty has support at 5,806 and resistance at 5,940 and BSE Sensex has support at 19,458 and resistance at 19,810.
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