The Indian market is likely to have positive opening due to favoring cues from the global markets. Yesterday, the Indian market closed on a deep red note on the back of heavy selling pressures across all the sectoral indices scrips. The market opened with handsome gains and marched to touch an all time high but was unable to retain all its gains at higher levels. The market completely takes a U turn to pare all its gains to close on a weak note. The BSE Mid cap and Small cap were the most hit as most selling was seen from these baskets The BSE Sensex closed lower by 287.70 points at 20,582.08 and NSE Nifty fell by 115.05 points to close at 6,156.95. We expect that the market to gain some grounds during the trading session and declaration of inflation figures by the government will giver further direction to the market.
On Thursday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 117.54 points to close at 12,852.85. S&P 500 index closed up by 11.20 points at 1,420.33 and NASDAQ grew by 13.97 points to close at 2,488.50
Indian ADRS closed in positive. In technology sector, Wipro grew by (0.93%) while Satyam advanced by (0.69%). In banking sector, ICICI bank and HDFC bank inched up by (7.70%) and (3.26%) respectively. VSNL increased by (4.27%).
The major stock markets in Asia are trading mixed. Hang Seng is trading higher by 285.41 points at 27,516.27. Taiwan Weighted is trading up by 48.55 points at 8,105.82 while Japan''s Nikkei is trading lower by 115.73 points at 14,272.38.
On Thursday, the FIIs stood as net buyer both in equity and in debt. The gross equity purchased was Rs4,859.70 Crore and the gross debt purchased was Rs677.70 Crore while the gross equity sold stood at Rs4,585.10 Crore and gross debt sold stood at Rs605.70 Crore. Therefore, the net investment of equity reported was Rs274.60 Crore and net debt was Rs72 Crore.
Today, Nifty has support at 6,102 and resistance at 6,261 and BSE Sensex has support at 20,324 and resistance at 20,993.
On Thursday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 117.54 points to close at 12,852.85. S&P 500 index closed up by 11.20 points at 1,420.33 and NASDAQ grew by 13.97 points to close at 2,488.50
Indian ADRS closed in positive. In technology sector, Wipro grew by (0.93%) while Satyam advanced by (0.69%). In banking sector, ICICI bank and HDFC bank inched up by (7.70%) and (3.26%) respectively. VSNL increased by (4.27%).
The major stock markets in Asia are trading mixed. Hang Seng is trading higher by 285.41 points at 27,516.27. Taiwan Weighted is trading up by 48.55 points at 8,105.82 while Japan''s Nikkei is trading lower by 115.73 points at 14,272.38.
On Thursday, the FIIs stood as net buyer both in equity and in debt. The gross equity purchased was Rs4,859.70 Crore and the gross debt purchased was Rs677.70 Crore while the gross equity sold stood at Rs4,585.10 Crore and gross debt sold stood at Rs605.70 Crore. Therefore, the net investment of equity reported was Rs274.60 Crore and net debt was Rs72 Crore.
Today, Nifty has support at 6,102 and resistance at 6,261 and BSE Sensex has support at 20,324 and resistance at 20,993.
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