Indian market is likely to have a negative opening for the day, as the global markets are giving very weak cues. On Monday, the market broke all the important support levels and witnessed a heavy intraday fall of more then 2000 points. On the closing bell, the Sensex ended lower by 1,408.35 points at 17,605.35 and NSE Nifty fell by 496.50 points to close at 5,208.8. Even the BSE Mid Cap and Small Cap closed with heavy losses of 1,011.72 points and 1,248.79 points at 7,881.99 and 10,911.66 respectively. We expect that the market may lose further grounds during the trading session.
The US market was closed on Monday due to The Martin Luther King''s Day.
Today, the major stock markets in Asia are trading very weak. Hang Seng is trading lower by 1276.86 points at 22,542 along with Japan''s Nikkei trading down by 587.63 points at 12,738.31 and Taiwan Weighted is trading at 7,638.07 down by 472.13 points.
Yesterday, the FIIs stood as net sellers as the gross equity purchased was Rs.4,972.30 Crore and the gross debt purchased was Rs.78.40 Crore while the gross equity sold stood at Rs.6,328.40 Crore and gross debt sold stood at Rs.103.30 Crore. The net investment of equity reported was Rs.-1,356.10 Crore and net debt was Rs.-6.20 Crore.Today, Nifty has support at 4,860 and resistance at 5,265 and BSE Sensex has support at 16,800 and resistance at 17,710.
The US market was closed on Monday due to The Martin Luther King''s Day.
Today, the major stock markets in Asia are trading very weak. Hang Seng is trading lower by 1276.86 points at 22,542 along with Japan''s Nikkei trading down by 587.63 points at 12,738.31 and Taiwan Weighted is trading at 7,638.07 down by 472.13 points.
Yesterday, the FIIs stood as net sellers as the gross equity purchased was Rs.4,972.30 Crore and the gross debt purchased was Rs.78.40 Crore while the gross equity sold stood at Rs.6,328.40 Crore and gross debt sold stood at Rs.103.30 Crore. The net investment of equity reported was Rs.-1,356.10 Crore and net debt was Rs.-6.20 Crore.Today, Nifty has support at 4,860 and resistance at 5,265 and BSE Sensex has support at 16,800 and resistance at 17,710.
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