The Indian Market is likely to have a positive opening as the US market closed in green while the Asian market is trading mixed. Yesterday the market closed with handsome gains on the back of heavy buying pressures across the counters. Since from the initial bell the market keeps on trading on the front foot through out the trading session. The market also got a further direction on the back of reports that government has allowed all trusts to invest in securities including shares and bonds of listed companies. The BSE Sensex closed with heavy gains of 338.40 points at 20,192.52 and NSE Nifty closed higher by 85.65 points at 6,070.75. We expect the market to remain choppy during the trading session.
On Wednesday, the US market closed with marginal gains. The Dow Jones Industrial Average (DJIA) closed higher by 2.36 points at 13,551.69. S&P 500 index closed up by 1.21 points at 1,497.66 and NASDAQ grew by 10.91 points to close at 2,724.41.
India ADRs ended in positive territory. In technology sector, Wipro grew by 2.34% along with Satyam by 1.15%, Infosys by 0.71% and Patni computers by 0.12%. In banking sector, ICICI bank and HDFC bank advanced by 3.36% and 1.45% respectively. MTNL and VSNL increased by 0.84% and 0.69% respectively.
The major stock markets in Asia are trading higher. Hang Seng index is trading up by 57.73 points at 28,186.53. Taiwan Weighted is up by 170.04 points to trade at 8,326.43 and Sanghai Composite is trading at 5,267.65 higher by 34.30 points.
On Wednesday, the FIIs stood as net buyers in equity while it was net sellers in debt. The gross equity purchased was Rs3,498.50 Crore and the gross debt purchased was Rs196.80 Crore while the gross equity sold stood at Rs3331.10 Crore and gross debt sold stood at 199.30 Crore. Therefore, the net investment of equity reported was Rs167.40 Crore and net debt was (Rs2.50Crore).
Today, Nifty has support at 5,968 and resistance at 6,179 and BSE Sensex has support at 19,912 and resistance at 20,496.
On Wednesday, the US market closed with marginal gains. The Dow Jones Industrial Average (DJIA) closed higher by 2.36 points at 13,551.69. S&P 500 index closed up by 1.21 points at 1,497.66 and NASDAQ grew by 10.91 points to close at 2,724.41.
India ADRs ended in positive territory. In technology sector, Wipro grew by 2.34% along with Satyam by 1.15%, Infosys by 0.71% and Patni computers by 0.12%. In banking sector, ICICI bank and HDFC bank advanced by 3.36% and 1.45% respectively. MTNL and VSNL increased by 0.84% and 0.69% respectively.
The major stock markets in Asia are trading higher. Hang Seng index is trading up by 57.73 points at 28,186.53. Taiwan Weighted is up by 170.04 points to trade at 8,326.43 and Sanghai Composite is trading at 5,267.65 higher by 34.30 points.
On Wednesday, the FIIs stood as net buyers in equity while it was net sellers in debt. The gross equity purchased was Rs3,498.50 Crore and the gross debt purchased was Rs196.80 Crore while the gross equity sold stood at Rs3331.10 Crore and gross debt sold stood at 199.30 Crore. Therefore, the net investment of equity reported was Rs167.40 Crore and net debt was (Rs2.50Crore).
Today, Nifty has support at 5,968 and resistance at 6,179 and BSE Sensex has support at 19,912 and resistance at 20,496.
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