The Indian Market is likely to have a positive opening as the cues from the global market are in favor. On Tuesday, the Indian market rallied through the trading session to close on an upbeat note. The market opened with heavy gains on the back of favoring cues from the global markets and kept on hovering in the positive territory through out the trading session. The market however pared some of its gains soon after the firm start but gained the momentum soon after the declaration of the Union Railway Budget. The Small Caps and Mid Caps also joined the rally of the benchmark indices as they also posted handsome gains. The BSE Sensex closed higher by 155.62 points at 17,806.19 and NSE Nifty closed up by 69.35 points at 5,270.05. We expect that the market may extend its yesterday''s gains during the trading session.
On Tuesday, the US market was closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 114.70 points at 12,684.92. S&P 500 index closed up by 9.49 points at 1,381.29 and NASDAQ grew by 17.51 points to close at 2,344.99.
Indian ADRs ended in positive. Wipro, Infosys and Satyam grew by (1.99%), (0.66%) and (0.49%) respectively. ICICI bank rose by (1.28%). VSNL and MTNL increased by (6.24%) and (2.09%) respectively.
Today, the major stock markets in Asia are trading strong. Hang Seng is trading higher by 679.35 points at 24,394.10 along with Japan''s Nikkei trading up by 191.72 points to close at 14,016.44 and Taiwan Weighted trading at 8,426.76 up by 119.09 points. Singapore Strait Times is trading up by 48.17 points at 3,126.
The FIIs on Tuesday stood as net buyer in equity. The gross equity purchased was Rs3,063.50 Crore while the gross equity sold stood at Rs2,325 Crore. Therefore, the net investment of equity reported was Rs738.50 Crore.
Today, Nifty has support at 5,235 and resistance at 5,397 and BSE Sensex has support at 17,528 and resistance at 18,363.
On Tuesday, the US market was closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 114.70 points at 12,684.92. S&P 500 index closed up by 9.49 points at 1,381.29 and NASDAQ grew by 17.51 points to close at 2,344.99.
Indian ADRs ended in positive. Wipro, Infosys and Satyam grew by (1.99%), (0.66%) and (0.49%) respectively. ICICI bank rose by (1.28%). VSNL and MTNL increased by (6.24%) and (2.09%) respectively.
Today, the major stock markets in Asia are trading strong. Hang Seng is trading higher by 679.35 points at 24,394.10 along with Japan''s Nikkei trading up by 191.72 points to close at 14,016.44 and Taiwan Weighted trading at 8,426.76 up by 119.09 points. Singapore Strait Times is trading up by 48.17 points at 3,126.
The FIIs on Tuesday stood as net buyer in equity. The gross equity purchased was Rs3,063.50 Crore while the gross equity sold stood at Rs2,325 Crore. Therefore, the net investment of equity reported was Rs738.50 Crore.
Today, Nifty has support at 5,235 and resistance at 5,397 and BSE Sensex has support at 17,528 and resistance at 18,363.
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