The Indian Market is likely to have a negative opening as the cues from the global markets are not in favor. On Friday, the Indian market surged to close with handsome gains as the investors showed their eagerness in buying to book their positions. Taking the favoring cues from the global market, the Indian market opened with handsome gains and kept on marching forward throughout the trading session. The Mid Cap and Small Cap also joined the rally of the benchmark indices. India''s wholesale price index grew 3.83% in the 12 months to 12 January 2008 higher than the previous week''s growth of 3.79%. The BSE Sensex closed higher by 1139.92 points at 18,361.66 and NSE Nifty grew by 349.9 points to close at 5,383.35. We expect that the market may remain cautious during the trading session.
On Friday, the US market closed in red. The Dow Jones Industrial Average (DJIA) closed lower by 171.44 points at 12,207.17. S&P 500 index fell by 21.46 points to close at 1,330.61 and NASDAQ slipped by 34.72 points to close at 2,326.20
Indian ADRS closed in mixed. In technology sector, Patni Comp grew by (14.32%) while Wipro, Satyam and Infosys fell by (2.85%), (1.32%) and (0.25%) respectively. In banking sector, ICICI bank and HDFC bank grew by (5.42%) and (2.31%) respectively.
The major stock markets in Asia are trading weak. Hang Seng is trading lower by 791.89 points at 24,330.48. Japan''s Nikkei trading down by 350.23 points at 13,274.93 and Taiwan Weighted is trading at 7,598.27 down by 141.32 points
On Friday, the FIIs stood as net seller in equity while net buyer in Debt. The gross equity purchased was Rs5,347.20 Crore and the gross debt purchased was Rs70.80 Crore while the gross equity sold stood at Rs6,698.40 Crore and gross debt sold stood at Rs49.60 Crore. Therefore, the net investment of equity reported was (Rs1351.20 Crore) and net debt was Rs21.30 Crore.
Today, Nifty has support at 5,192 and resistance at 5,428 and BSE Sensex has support at 17,604 and resistance at 18,539.
On Friday, the US market closed in red. The Dow Jones Industrial Average (DJIA) closed lower by 171.44 points at 12,207.17. S&P 500 index fell by 21.46 points to close at 1,330.61 and NASDAQ slipped by 34.72 points to close at 2,326.20
Indian ADRS closed in mixed. In technology sector, Patni Comp grew by (14.32%) while Wipro, Satyam and Infosys fell by (2.85%), (1.32%) and (0.25%) respectively. In banking sector, ICICI bank and HDFC bank grew by (5.42%) and (2.31%) respectively.
The major stock markets in Asia are trading weak. Hang Seng is trading lower by 791.89 points at 24,330.48. Japan''s Nikkei trading down by 350.23 points at 13,274.93 and Taiwan Weighted is trading at 7,598.27 down by 141.32 points
On Friday, the FIIs stood as net seller in equity while net buyer in Debt. The gross equity purchased was Rs5,347.20 Crore and the gross debt purchased was Rs70.80 Crore while the gross equity sold stood at Rs6,698.40 Crore and gross debt sold stood at Rs49.60 Crore. Therefore, the net investment of equity reported was (Rs1351.20 Crore) and net debt was Rs21.30 Crore.
Today, Nifty has support at 5,192 and resistance at 5,428 and BSE Sensex has support at 17,604 and resistance at 18,539.
No comments:
Post a Comment