The market is likely to have positive opening on the back of firm cues from the global markets. Yesterday, The market closed on a negative note after facing a lot of volatility. Though the market lost the momentum after the opening on the back of heavy selling across the counters but buying at the lower levels led the market to recover but manages to hold its gains at higher levels and closed lower. The BSE Sensex closed lower by 181.71 points at 19,079.64 and NSE Nifty slipped by 34.7 points to close at 5,742.30. We expect the market to gain some grounds today during the trading session.
On Tuesday, the US market closed in green. On Tuesday, the DJIA closed higher by 65.27 points at 13,232.47 along with NASDAQ by 21.57 points to close at 2,596.03 and S&P 500 index by 9.08 points to close at 1,454.98.
Indian ADRs ended in positive territory. In technology sector, Infosys grew by (2.46%) along with Satyam by (0.68%) and Wipro by (0.57%). In banking sector, HDFC bank and ICICI bank surged (4.07%) and (1.93%) respectively. In telecommunication sector, MTNL and VSNL inched up by (2.86%) and (2.22%) respectively.
The major stock markets in Asia are trading firm. Hang Seng is trading up by 339.66 points at 27,072.53. Japan''s Nikkei is trading higher by 6.39 points at 15,214.25. Taiwan weighted is trading strong at 7,985.57 up by 178.18 points. Singapore Strait times is trading up by 37.61 points at 3,406.92.
On Tuesday, the FIIs stood as the net seller in equity and net buyer in debt. The gross equity purchased was Rs4, 117.70 Crore and the gross debt purchased was Rs385.40 Crore while the gross equity sold stood at Rs5, 216.40 Crore and gross debt sold stood at Rs0.00Crore. Therefore, the net investment of equity reported was (Rs1, 098.70 Crore) and net debt was Rs385.40Crore.
Today, Nifty has support at 5,698 and resistance at 5,837 and BSE Sensex has support at 18,936 and resistance at 19,416.
On Tuesday, the US market closed in green. On Tuesday, the DJIA closed higher by 65.27 points at 13,232.47 along with NASDAQ by 21.57 points to close at 2,596.03 and S&P 500 index by 9.08 points to close at 1,454.98.
Indian ADRs ended in positive territory. In technology sector, Infosys grew by (2.46%) along with Satyam by (0.68%) and Wipro by (0.57%). In banking sector, HDFC bank and ICICI bank surged (4.07%) and (1.93%) respectively. In telecommunication sector, MTNL and VSNL inched up by (2.86%) and (2.22%) respectively.
The major stock markets in Asia are trading firm. Hang Seng is trading up by 339.66 points at 27,072.53. Japan''s Nikkei is trading higher by 6.39 points at 15,214.25. Taiwan weighted is trading strong at 7,985.57 up by 178.18 points. Singapore Strait times is trading up by 37.61 points at 3,406.92.
On Tuesday, the FIIs stood as the net seller in equity and net buyer in debt. The gross equity purchased was Rs4, 117.70 Crore and the gross debt purchased was Rs385.40 Crore while the gross equity sold stood at Rs5, 216.40 Crore and gross debt sold stood at Rs0.00Crore. Therefore, the net investment of equity reported was (Rs1, 098.70 Crore) and net debt was Rs385.40Crore.
Today, Nifty has support at 5,698 and resistance at 5,837 and BSE Sensex has support at 18,936 and resistance at 19,416.
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