The Indian Market is likely to have a positive opening due to favoring cues from the global markets. On Friday, the market closed on a firm note by posting good gains. The market opened on weak note but the market got the momentum towards the mid session to pare all its initial losses. The market also got the momentum as the India''s wholesale price index rose 4.07% in the 12 months to 2 February 2008, marginally lower than 4.11% last week. The BSE Sensex closed higher by 348.62 points at 18,115.25 and NSE Nifty grew by 100.9 points to close at 5,302.90. We expect that the market may trade higher during the trading session. From the stock specific, Reliance Power may gain investors confidence as the company is planning to come out with bonus issue of shares.
On Friday, the US market closed mixed. The Dow Jones Industrial Average (DJIA) closed lower by 28.77 points at 12,348.21. Nasdaq fell by 10.74 points to close at 2321.80 and S&P 500 index closed higher by 1.13 points to close at 1,349.99.
Indian ADRS ended mixed. In technology sector, Satyam grew by (2.75%) while Wipro fell by (2.12%) along with Infosys by (0.94%). In banking sector, ICICI bank and HDFC bank increased by (2.04%) and (0.60%) respectively.
The major stock markets in Asia are trading firm. Japan''s Nikkei is trading higher by 174.72 points at 13,797.28 along with Hang Seng is trading up by 152.01 points at 24,300.44 and Taiwan Weighted is trading at 7,924.54 up by 48.17 points.
The FIIs on Friday stood as net seller in equity while the net buyer in debt. The gross equity purchased was Rs2,572.30 Crore and the gross debt purchased was Rs4,513.50 Crore while the gross equity sold stood at Rs3,755.50 Crore and gross debt sold stood at Rs2,132.80 Crore. Therefore, the net investment of equity reported was (Rs1,183.10 Crore) and net debt was Rs2,380.70 Crore.
Today, Nifty has support at 5,226 and resistance at 5,407 and BSE Sensex has support at 17,912 and resistance at 18,513.
On Friday, the US market closed mixed. The Dow Jones Industrial Average (DJIA) closed lower by 28.77 points at 12,348.21. Nasdaq fell by 10.74 points to close at 2321.80 and S&P 500 index closed higher by 1.13 points to close at 1,349.99.
Indian ADRS ended mixed. In technology sector, Satyam grew by (2.75%) while Wipro fell by (2.12%) along with Infosys by (0.94%). In banking sector, ICICI bank and HDFC bank increased by (2.04%) and (0.60%) respectively.
The major stock markets in Asia are trading firm. Japan''s Nikkei is trading higher by 174.72 points at 13,797.28 along with Hang Seng is trading up by 152.01 points at 24,300.44 and Taiwan Weighted is trading at 7,924.54 up by 48.17 points.
The FIIs on Friday stood as net seller in equity while the net buyer in debt. The gross equity purchased was Rs2,572.30 Crore and the gross debt purchased was Rs4,513.50 Crore while the gross equity sold stood at Rs3,755.50 Crore and gross debt sold stood at Rs2,132.80 Crore. Therefore, the net investment of equity reported was (Rs1,183.10 Crore) and net debt was Rs2,380.70 Crore.
Today, Nifty has support at 5,226 and resistance at 5,407 and BSE Sensex has support at 17,912 and resistance at 18,513.
No comments:
Post a Comment