The Indian market on today is likely to have a positive opening as the US market closed mixed. Yesterday the market closed he session a negative territory after struggling a lot through out the trading session. The cues from the global markets are not in favor that led the domestic market to open a weak and the cautiousness prevailed in the market through out the session. The BSE Sensex closed lower by 120.10 points at 20,345.20 and NSE Nifty closed flat at 6,178.55. We expect that the market may look for cues to take direction during the trading session. Also, the declaration of inflation figures by the government will give some further direction to the market.
On Thursday the US market closed mixed. The Dow Jones Industrial Average (DJIA) closed marginally higher by 12.76 points at 13,056.72 while Nasdaq slipped by 6.95 points to close at 2,602.68 and S&P 500 index closed flat at 1,447.16
Indian ADRS closed mixed. In technology sector, Wipro grew by 0.62% while Patni Computers fell by (1.87%) along with Infosys by 1.22% and Satyam by (1.13%). In banking sector, HDFC bank and ICICI bank rose by (0.82%) and (0.56%%. MTNL increased by (2.41%) while VSNL dropped by (0.47%).
The major stock markets in Asia are trading weak. Japan''s Nikkei is trading lower by 616.37 points at 14,691.41 along with South Korea''s Seoul Composite trading down by 11.10 points at 1,841.33 while Hong Kong''s Hang Seng is trading higher by 138.26 points at 27,025.54.
The FIIs on Thursday stood as net seller both in equity as well as in debt. The gross equity purchased was Rs4,083.80 Crore and the gross debt purchased was Rs93.30 Crore while the gross equity sold stood at Rs4,328.30 Crore and gross debt sold stood at Rs182.90 Crore. Therefore, the net investment of equity reported was (Rs244.50) Crore and net debt was (Rs89.60Crore).
Today, Nifty has support at 6,081 and resistance at 6,257 and BSE Sensex has support at 20,594 and resistance at 20,046.
On Thursday the US market closed mixed. The Dow Jones Industrial Average (DJIA) closed marginally higher by 12.76 points at 13,056.72 while Nasdaq slipped by 6.95 points to close at 2,602.68 and S&P 500 index closed flat at 1,447.16
Indian ADRS closed mixed. In technology sector, Wipro grew by 0.62% while Patni Computers fell by (1.87%) along with Infosys by 1.22% and Satyam by (1.13%). In banking sector, HDFC bank and ICICI bank rose by (0.82%) and (0.56%%. MTNL increased by (2.41%) while VSNL dropped by (0.47%).
The major stock markets in Asia are trading weak. Japan''s Nikkei is trading lower by 616.37 points at 14,691.41 along with South Korea''s Seoul Composite trading down by 11.10 points at 1,841.33 while Hong Kong''s Hang Seng is trading higher by 138.26 points at 27,025.54.
The FIIs on Thursday stood as net seller both in equity as well as in debt. The gross equity purchased was Rs4,083.80 Crore and the gross debt purchased was Rs93.30 Crore while the gross equity sold stood at Rs4,328.30 Crore and gross debt sold stood at Rs182.90 Crore. Therefore, the net investment of equity reported was (Rs244.50) Crore and net debt was (Rs89.60Crore).
Today, Nifty has support at 6,081 and resistance at 6,257 and BSE Sensex has support at 20,594 and resistance at 20,046.
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