The Indian Market is likely to have a negative opening today as the cues from the global markets are not in favor. On Friday, The Indian market made a smart turnaround after the mid session to close with handsome gains on the back of heavy buying across all the sectors. Tracking the favoring cues from the Asian market, the domestic market opened on a firm note but lost the grip towards the mid session on the back of weak inflation data that grew to its 13 month high of 6.68% in the week ended March 15 from the previous week rise of 5.92%. But the market gathered the momentum after the mid session to recover from the fall and kept on marching forward till the final closing of the session. From, the sectoral front, all the sectoral indices closed in green while the metal, capital goods and realty index saw more buying by the investors. The BSE Sensex closed higher by 355.73 points at 16,371.29 and NSE Nifty closed up by 111.75 points at 4,942. We expect that the market lose some grounds during the trading session.
On Friday, the US market closed in negative. The Dow Jones Industrial Average (DJIA) closed lower by 86.06 points at 12,216.40 along with S&P 500 (SPX) index fell by 10.54 points to close at 1,315.22 and NASDAQ Composite (RIXF) dropped by 19.65 points to close at 2,261.18.
The Indian ADRS closed mixed. In technology sector, Patni Computers grew by 0.81% along with Wipro by 0.80% and Satyam by 0.35%. In banking sector, ICICI bank advanced by (0.28%) while HDFC bank dropped by (1.03%). In telecommunication sector, Tata Communication increased by 1.18% while MTNL slipped by (0.20%). Tata Motors grew by (1.02%).
Today the major stock markets in Asia are trading mixed. Hang Seng is trading lower by 260.23 points at 23,025.72 along with Japan’s Nikkei trading down by 192.64 points at 12,627.83 and Taiwan Weighted trading at 8,520.84 down by 102.64 points.
The FIIs on Friday stood as net buyer in equity while the net seller in debt. The gross equity purchased was Rs4,861.10 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs4,430.40 Crore and gross debt sold stood at Rs76.10 Crore. Therefore, the net investment of equity reported was Rs430.70 Crore and net debt was (Rs76.10 Crore).
Today, Nifty has support at 4,821 and resistance at 4,997 and BSE Sensex has support at 15,923 and resistance at 16,618.
On Friday, the US market closed in negative. The Dow Jones Industrial Average (DJIA) closed lower by 86.06 points at 12,216.40 along with S&P 500 (SPX) index fell by 10.54 points to close at 1,315.22 and NASDAQ Composite (RIXF) dropped by 19.65 points to close at 2,261.18.
The Indian ADRS closed mixed. In technology sector, Patni Computers grew by 0.81% along with Wipro by 0.80% and Satyam by 0.35%. In banking sector, ICICI bank advanced by (0.28%) while HDFC bank dropped by (1.03%). In telecommunication sector, Tata Communication increased by 1.18% while MTNL slipped by (0.20%). Tata Motors grew by (1.02%).
Today the major stock markets in Asia are trading mixed. Hang Seng is trading lower by 260.23 points at 23,025.72 along with Japan’s Nikkei trading down by 192.64 points at 12,627.83 and Taiwan Weighted trading at 8,520.84 down by 102.64 points.
The FIIs on Friday stood as net buyer in equity while the net seller in debt. The gross equity purchased was Rs4,861.10 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs4,430.40 Crore and gross debt sold stood at Rs76.10 Crore. Therefore, the net investment of equity reported was Rs430.70 Crore and net debt was (Rs76.10 Crore).
Today, Nifty has support at 4,821 and resistance at 4,997 and BSE Sensex has support at 15,923 and resistance at 16,618.
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