The Indian Market is likely to have a positive opening as the cues from the global markets are in favor. Yesterday, the market closed in deep red territory on the back of heavy selling across the counters. The market opened on a firm note backed by favoring cues from the global markets and inched up further but was unable to sustain at higher levels and fell to pare all its initial gains. Heavy selling was also seen from the Small Caps and Mid Caps baskets as they also joined the benchmark indices to close on a weak note. The BSE Sensex closed lower by 372.33 points at 17,221.74 and NSE Nifty fell by 169.95 points to close at 5,033.45. We expect that the market may see some bull run during the trading session as well as the releasing of inflation figures by the government will set further direction.
On Thursday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed up by 108.44 points at 12,378.61. S&P 500 index closed higher by 13.47 points at 1,352.07 and NASDAQ grew by 44.51 points to close at 2,360.92.
Indian ADRS closed in mixed. In technology sector, Infosys grew by (1.50%) along with Wipro by (0.82%) while Satyam fell by (1%). In banking sector, ICICI bank and HDFC bank slipped by (3.80%) and (0.52%) respectively.
The major stock markets in Asia are trading firm. Hang Seng is trading higher by 1171.19 points at 24,710.46. Japan''s Nikkei trading up by 367.05 points at 13,459.83 and Taiwan Weighted is trading at 7,703.45 up by 186.20.
On Thursday, the FIIs stood as net seller both in equity while net buyer in Debt. The gross equity purchased was Rs6,082.50 Crore and the gross debt purchased was Rs662 Crore while the gross equity sold stood at Rs8,582.30 Crore and gross debt sold stood at Rs28 Crore. Therefore, the net investment of equity reported was (Rs2,499.90 Crore) and net debt was Rs634.10 Crore.
Today, Nifty has support at 4,971 and resistance at 5,167 and BSE Sensex has support at 16,969 and resistance at 17,892.
On Thursday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed up by 108.44 points at 12,378.61. S&P 500 index closed higher by 13.47 points at 1,352.07 and NASDAQ grew by 44.51 points to close at 2,360.92.
Indian ADRS closed in mixed. In technology sector, Infosys grew by (1.50%) along with Wipro by (0.82%) while Satyam fell by (1%). In banking sector, ICICI bank and HDFC bank slipped by (3.80%) and (0.52%) respectively.
The major stock markets in Asia are trading firm. Hang Seng is trading higher by 1171.19 points at 24,710.46. Japan''s Nikkei trading up by 367.05 points at 13,459.83 and Taiwan Weighted is trading at 7,703.45 up by 186.20.
On Thursday, the FIIs stood as net seller both in equity while net buyer in Debt. The gross equity purchased was Rs6,082.50 Crore and the gross debt purchased was Rs662 Crore while the gross equity sold stood at Rs8,582.30 Crore and gross debt sold stood at Rs28 Crore. Therefore, the net investment of equity reported was (Rs2,499.90 Crore) and net debt was Rs634.10 Crore.
Today, Nifty has support at 4,971 and resistance at 5,167 and BSE Sensex has support at 16,969 and resistance at 17,892.
No comments:
Post a Comment