The Indian market today is likely to have a positive opening due to mixed cues from the global markets. Yesterday, the Indian market closed in the positive territory after struggling a lot throughout the trading session. The market opened on a negative note tracking the weak global cues but managed to recover from the fall on the back of heavy buying at the lower levels. BSE Bankex, Realty and Capital Goods remained the centre of attraction as most buying is seen from these baskets. The BSE Sensex closed higher by 125.76 points at 20,812.65 and NSE Nifty closed up by 4.8 points at 6,279.10. We expect that the market may gain some grounds during the trading session.
On Monday, the US market closed mixed. The Dow Jones Industrial Average (DJIA) closed higher by 27.31 points at 12,827.49 and S&P 500 index closed up by 4.55 points at 1416.18 while Nasdaq fell by 5.99 points at 2,499.46.
Indian ADRS closed in green. In technology sector, Infosys grew by (2.09%) along with Satyam by (1.62%) and Wipro by (0.81%). In banking sector, ICICI bank and HDFC bank inched up by (9.81%) and (6.53%) respectively.
The major stock markets in Asia are trading mixed. Hang Seng is trading higher by 345.75 points at 27,525.24. Taiwan Weighted is trading up by 117.69 points to trade at 8,001.06 while Japan''s Nikkei is trading lower by 41.81 points at 14,458.74. Singapore Strait Times is trading at 3,368.56 up by 15.50 points.
On Monday the FIIs stood as net buyer both in equity and debt. The gross equity purchased was Rs4,549.40 Crore and the gross debt purchased was Rs730.80 Crore while the gross equity sold stood at Rs4,040.60 Crore and gross debt sold stood at Rs209.80 Crore. Therefore, the net investment of equity reported was Rs508.80 Crore and net debt was Rs521Crore.
Today, Nifty has support at 6,213 and resistance at 6,374 and BSE Sensex has support at 20,634 and resistance at 21,102.
On Monday, the US market closed mixed. The Dow Jones Industrial Average (DJIA) closed higher by 27.31 points at 12,827.49 and S&P 500 index closed up by 4.55 points at 1416.18 while Nasdaq fell by 5.99 points at 2,499.46.
Indian ADRS closed in green. In technology sector, Infosys grew by (2.09%) along with Satyam by (1.62%) and Wipro by (0.81%). In banking sector, ICICI bank and HDFC bank inched up by (9.81%) and (6.53%) respectively.
The major stock markets in Asia are trading mixed. Hang Seng is trading higher by 345.75 points at 27,525.24. Taiwan Weighted is trading up by 117.69 points to trade at 8,001.06 while Japan''s Nikkei is trading lower by 41.81 points at 14,458.74. Singapore Strait Times is trading at 3,368.56 up by 15.50 points.
On Monday the FIIs stood as net buyer both in equity and debt. The gross equity purchased was Rs4,549.40 Crore and the gross debt purchased was Rs730.80 Crore while the gross equity sold stood at Rs4,040.60 Crore and gross debt sold stood at Rs209.80 Crore. Therefore, the net investment of equity reported was Rs508.80 Crore and net debt was Rs521Crore.
Today, Nifty has support at 6,213 and resistance at 6,374 and BSE Sensex has support at 20,634 and resistance at 21,102.
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