The Indian market is likely to have positive opening as the Asian Market are trading mixed. On Friday, the Indian market closed on an upbeat note on the back of selective buying across the counters towards the end of the trading session. The market had slipped into the red in afternoon trade from an initial surge on thee back of less than expected industrial production data for the month of November 2007 that rose by 5.3%. The annual inflation, based on the wholesale price index (WPI) remained unchanged at 3.5% in the week ended 29 December 2007. The BSE Sensex closed higher by 245.37 points at 20,827.45 and NSE Nifty grew by 43.15 points to close at 6,200.10. We expect that the market may remain volatile during the trading session.
On Friday, the US market closed in deep red. The Dow Jones Industrial Average (DJIA) closed lower by 246.79 points at 12,606.30. S&P 500 index fell by 19.31 points at 1,401.02 and NASDAQ dropped by 48.58 points to close at 2,439.94
Indian ADRS closed in negative. In technology sector, Infosys fell by (6.30%) along with Satyam by (5.62%) and Wipro by (5.33%). In banking sector, HDFC bank and ICICI bank dropped by (1.18%) and (1.02%) respectively. VSNL decreased by (5.16%).
The major stock markets in Asia are trading mixed. Hang Seng is trading lower by 30.92 points at 26,836.09 and South Korea''s Seoul Composite is trading at 1,766.02 down by 16.25 points while Taiwan Weighted is trading higher by 132.81 points at 8,162.12
On Friday, the FIIs stood as net seller both in equity while net buyer in debt. The gross equity purchased was Rs4,334.20 Crore and the gross debt purchased was Rs580.60 Crore while the gross equity sold stood at Rs4,965 Crore and gross debt sold stood at Rs295.20 Crore. Therefore, the net investment of equity reported was (Rs630.80 Crore) and net debt was Rs285.40 Crore.
Today, Nifty has support at 6,102 and resistance at 6,269 and BSE Sensex has support at 20,467 and resistance at 21,028.
On Friday, the US market closed in deep red. The Dow Jones Industrial Average (DJIA) closed lower by 246.79 points at 12,606.30. S&P 500 index fell by 19.31 points at 1,401.02 and NASDAQ dropped by 48.58 points to close at 2,439.94
Indian ADRS closed in negative. In technology sector, Infosys fell by (6.30%) along with Satyam by (5.62%) and Wipro by (5.33%). In banking sector, HDFC bank and ICICI bank dropped by (1.18%) and (1.02%) respectively. VSNL decreased by (5.16%).
The major stock markets in Asia are trading mixed. Hang Seng is trading lower by 30.92 points at 26,836.09 and South Korea''s Seoul Composite is trading at 1,766.02 down by 16.25 points while Taiwan Weighted is trading higher by 132.81 points at 8,162.12
On Friday, the FIIs stood as net seller both in equity while net buyer in debt. The gross equity purchased was Rs4,334.20 Crore and the gross debt purchased was Rs580.60 Crore while the gross equity sold stood at Rs4,965 Crore and gross debt sold stood at Rs295.20 Crore. Therefore, the net investment of equity reported was (Rs630.80 Crore) and net debt was Rs285.40 Crore.
Today, Nifty has support at 6,102 and resistance at 6,269 and BSE Sensex has support at 20,467 and resistance at 21,028.
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