The market is likely to have negative opening as the cues from the global markets are not in favor. The Indian Market closed marginally lower on Friday after struggling a lot during the trading session. The market keeps on moving in positive and negative region through out the trading session as the volatility gripped the market. But buying at the lower levels led the market to shed most of its losses to closed marginally lower. On Friday, the BSE Sensex closed lower by 73.56 points at 20,030.83 and NSE Nifty fell by 10.4 points to close at 6,047.70. We expect the market to remain cautious during the trading session.
On Friday, the US market closed in red. The DJIA closed lower by 178.11 points at 13,339.85 along with S&P 500 index fell 20.46 points to close at 1,467.95 and NASDAQ dropped by 32.75 points to close at 2,635.74.
Indian ADRs ended in negative territory. In technology sector, Wipro declined by (3.85%) along with Patni computers by (1.94%) and Infosys by (0.72%). In banking sector, ICICI bank and HDFC bank fell (2.94%) and (0.78%) respectively. In telecommunication sector, MTNL and VSNL dropped by (1.99%) and (0.12%). The major stock markets in Asia are trading weak. Hang Seng is trading lower by 601.71 points at 26,961.93. Taiwan weighted is trading down by 204.23 points at 7,913.85 and Japan''s Nikkei is trading at 15,482.15 slipped by 32.36 points. Singapore Strait Times is down by 70.15 points to trade at 3,396.23. South Korea''s Seoul Composite slipped by 30.05 points to trade at 1,865.
The FIIs on Friday stood as the net buyer in equity while net seller in debt. The gross equity purchased was Rs6,909.50 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs5,827.40 Crore and gross debt sold stood at Rs9Crore. Therefore, the net investment of equity reported was Rs1,082.10 Crore and net debt was (Rs9Crore).
Today, Nifty has support at 5,923 and resistance at 6,102 and BSE Sensex has support at 19,680 and resistance at 20,125.
On Friday, the US market closed in red. The DJIA closed lower by 178.11 points at 13,339.85 along with S&P 500 index fell 20.46 points to close at 1,467.95 and NASDAQ dropped by 32.75 points to close at 2,635.74.
Indian ADRs ended in negative territory. In technology sector, Wipro declined by (3.85%) along with Patni computers by (1.94%) and Infosys by (0.72%). In banking sector, ICICI bank and HDFC bank fell (2.94%) and (0.78%) respectively. In telecommunication sector, MTNL and VSNL dropped by (1.99%) and (0.12%). The major stock markets in Asia are trading weak. Hang Seng is trading lower by 601.71 points at 26,961.93. Taiwan weighted is trading down by 204.23 points at 7,913.85 and Japan''s Nikkei is trading at 15,482.15 slipped by 32.36 points. Singapore Strait Times is down by 70.15 points to trade at 3,396.23. South Korea''s Seoul Composite slipped by 30.05 points to trade at 1,865.
The FIIs on Friday stood as the net buyer in equity while net seller in debt. The gross equity purchased was Rs6,909.50 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs5,827.40 Crore and gross debt sold stood at Rs9Crore. Therefore, the net investment of equity reported was Rs1,082.10 Crore and net debt was (Rs9Crore).
Today, Nifty has support at 5,923 and resistance at 6,102 and BSE Sensex has support at 19,680 and resistance at 20,125.
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