The Indian Market is likely to have a positive opening due to favoring cues from the global markets. On Monday, the Indian market made a smart recovery in the final trading hours of the session on the back of selective buying across the sectoral indices scrips. The market opened with heavy losses on the back of weak cues from the global markets and drifts down further there after but managed to pare most of its initial losses towards the end of the session. The banking shares gained on the back of RBI quarterly review, which is scheduled on today. The BSE Sensex closed lower by 208.88 points at 18,152.78 and NSE Nifty fell by 109.25 points to close at 5,274.10. We expect that the market may edge higher during the trading session.
On Monday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 177.29 points at 12,384.46. S&P 500 index grew by 23.35 points to close at 1,353.96 and NASDAQ increased by 23.71 points to close at 2,349.91.
Indian ADRS closed in mixed. In technology sector, Infosys grew by 1.17% and Wipro advanced by 0.50% while Patni computers fell by 3.87% and Satyam dropped by 1.38%. In banking sector, ICICI bank and HDFC bank grew by (2.68%) and (0.86%) respectively. VSNL and MTNL increased by (1.73%) and (1.53%) respectively.
The major stock markets in Asia are trading strong. Hang Seng is trading up by 683.19 points at 24,736.80. Japan''s Nikkei trading higher by 241.16 points at 13,329.07 and Taiwan Weighted is trading at 7,499.50 up by 13.17 points.
The FIIs on Monday stood as net buyer both in equity and Debt. The gross equity purchased was Rs4,854.60 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs4,185.60 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs669.10 Crore and net debt was Rs0.00 Crore.
Today, Nifty has support at 5,203 and resistance at 5,457 and BSE Sensex has support at 17,947 and resistance at 18,794.
On Monday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 177.29 points at 12,384.46. S&P 500 index grew by 23.35 points to close at 1,353.96 and NASDAQ increased by 23.71 points to close at 2,349.91.
Indian ADRS closed in mixed. In technology sector, Infosys grew by 1.17% and Wipro advanced by 0.50% while Patni computers fell by 3.87% and Satyam dropped by 1.38%. In banking sector, ICICI bank and HDFC bank grew by (2.68%) and (0.86%) respectively. VSNL and MTNL increased by (1.73%) and (1.53%) respectively.
The major stock markets in Asia are trading strong. Hang Seng is trading up by 683.19 points at 24,736.80. Japan''s Nikkei trading higher by 241.16 points at 13,329.07 and Taiwan Weighted is trading at 7,499.50 up by 13.17 points.
The FIIs on Monday stood as net buyer both in equity and Debt. The gross equity purchased was Rs4,854.60 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs4,185.60 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs669.10 Crore and net debt was Rs0.00 Crore.
Today, Nifty has support at 5,203 and resistance at 5,457 and BSE Sensex has support at 17,947 and resistance at 18,794.
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