The Indian Market is likely to have a negative opening today as the Asian market is trading on the back foot. On Monday, the Indian market posted good gains to close on a satisfactory note on the back of heavy buying across the counters. The market-opened firm tracking the favoring cues from the Asian markets and kept on marching forward throughout the trading session. The investors showed their eagerness in buying to book their positions. From the sectoral front, the metal, oil & gas and bankex stocks remained in the limelight as most buying was seen from these baskets. The BSE Sensex closed higher by 413.96 points at 15,757.08 and NSE Nifty closed up by 114.2 points at 4,761.20. We expect that the market may give some of its yesterday’s gains during the trading session.
On Monday, the US market closed mixed. The Dow Jones Industrial Average (DJIA) closed marginally higher by 3.01 points at 12,612.43 and S&P index closed up by 2.14 points at 1,372.54 while NASDAQ fell by 6.15 points at 2,364.83.
The Indian ADRS closed in positive. In technology sector, Patni Computers grew by (1.29%) along with Satyam by (1.19%) and Infosys by (0.30%). In banking sector, ICICI bank and HDFC bank advanced by (6.78%) and (5.97%) respectively. In telecommunication sector, Tata Communication and MTNL increased by (1.74%) and (1.57%) respectively. Sterlite industries grew by (5.24%).
Today the major stock markets in Asia are trading on the back foot. Hang Seng is trading lower by 209.29 points at 24,369.47 along with Japan’s Nikkei trading down by 125.22 points at 13,325.01 and Taiwan Weighted trading at 8,711 down by 18.79 points.
The FIIs on Monday stood as net buyer both in equity while the net seller in debt. The gross equity purchased was Rs3,375.10 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs2,010.50 Crore and gross debt sold stood at Rs114.90 Crore. Therefore, the net investment of equity reported was Rs1,364.60 Crore and net debt was (Rs114.90 Crore).
Today, Nifty has support at 4,652 and resistance at 4,846 and BSE Sensex has support at 15,263 and resistance at 16,045.
On Monday, the US market closed mixed. The Dow Jones Industrial Average (DJIA) closed marginally higher by 3.01 points at 12,612.43 and S&P index closed up by 2.14 points at 1,372.54 while NASDAQ fell by 6.15 points at 2,364.83.
The Indian ADRS closed in positive. In technology sector, Patni Computers grew by (1.29%) along with Satyam by (1.19%) and Infosys by (0.30%). In banking sector, ICICI bank and HDFC bank advanced by (6.78%) and (5.97%) respectively. In telecommunication sector, Tata Communication and MTNL increased by (1.74%) and (1.57%) respectively. Sterlite industries grew by (5.24%).
Today the major stock markets in Asia are trading on the back foot. Hang Seng is trading lower by 209.29 points at 24,369.47 along with Japan’s Nikkei trading down by 125.22 points at 13,325.01 and Taiwan Weighted trading at 8,711 down by 18.79 points.
The FIIs on Monday stood as net buyer both in equity while the net seller in debt. The gross equity purchased was Rs3,375.10 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs2,010.50 Crore and gross debt sold stood at Rs114.90 Crore. Therefore, the net investment of equity reported was Rs1,364.60 Crore and net debt was (Rs114.90 Crore).
Today, Nifty has support at 4,652 and resistance at 4,846 and BSE Sensex has support at 15,263 and resistance at 16,045.
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