The Indian Market is likely to have a positive opening due to favoring cues from the global markets. On Monday, the market closed on firm note backed by heavy buying across the sectoral indices. The market opened with heavy gains but was unable to sustain at higher levels and fell immediately as the profit booking prevailed. Then after the mid session, the market got the momentum to came off from the day''s low and marched forward till the final closing of the session. Reliance Power remained in the lime light during the trading session. The BSE Sensex closed higher by 301.50 points at 17,650.57 and NSE Nifty closed up by 89.95 points at 5,200.70. We expect that the market may continue its yesterday''s rally during the trading session.
The railway budget is schedule today, which will be unveiled by the railway minister Lalu Prasad Yadav.
On Monday, the US market was closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 189.20 points at 12,570.22. S&P 500 index closed up by 18.69 points at 1,371.80 and NASDAQ grew by 24.13 points to close at 2,327.48.
Indian ADRs ended in green. Satyam, Wipro and Infosys grew by (3.02%), (2.72%) and (1.52%) respectively. ICICI bank and HDFC bank also rose by (3.21%) and (2.39%) respectively.
Today, the major stock markets in Asia are trading firm. Hang Seng is trading higher by 398.17 points at 23,667.31 along with Japan''s Nikkei trading up by 68.94 points to close at 13,983.51 and Taiwan Weighted trading at 8,341.98 up by 55.67 points.
The FIIs on Monday stood as net seller in equity while net buyer in debt. The gross equity purchased was Rs2,409.30 Crore and the gross debt purchased was Rs6 Crore while the gross equity sold stood at Rs2,863.10 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was (Rs453.80 Crore) and net debt was Rs6 Crore.
Today, Nifty has support at 5,011 and resistance at 5,298 and BSE Sensex has support at 17,312 and resistance at 18,068.
The railway budget is schedule today, which will be unveiled by the railway minister Lalu Prasad Yadav.
On Monday, the US market was closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 189.20 points at 12,570.22. S&P 500 index closed up by 18.69 points at 1,371.80 and NASDAQ grew by 24.13 points to close at 2,327.48.
Indian ADRs ended in green. Satyam, Wipro and Infosys grew by (3.02%), (2.72%) and (1.52%) respectively. ICICI bank and HDFC bank also rose by (3.21%) and (2.39%) respectively.
Today, the major stock markets in Asia are trading firm. Hang Seng is trading higher by 398.17 points at 23,667.31 along with Japan''s Nikkei trading up by 68.94 points to close at 13,983.51 and Taiwan Weighted trading at 8,341.98 up by 55.67 points.
The FIIs on Monday stood as net seller in equity while net buyer in debt. The gross equity purchased was Rs2,409.30 Crore and the gross debt purchased was Rs6 Crore while the gross equity sold stood at Rs2,863.10 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was (Rs453.80 Crore) and net debt was Rs6 Crore.
Today, Nifty has support at 5,011 and resistance at 5,298 and BSE Sensex has support at 17,312 and resistance at 18,068.
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