The Indian Market is likely to have a positive opening today due to favoring cues from the global markets. On Thursday, the Indian Market tumbled in the final trading hours of the session and gives all its gains to close in a negative territory. Tracking the mixed cues from the Asian markets, the domestic market opened with a gap down but sudden gathered the momentum as he buying intensified across the selective indices. However, industrial production data and weekly inflation, which is due tomorrow, led to heavy selling towards the end. From the sectoral front, Oil & Gas attracts investor’s confidence as most buying was seen from these baskets while bankex index faced heavy selling pressures. The BSE Sensex closed lower by 95.41 points at 15,695.10 and NSE Nifty fell by 14.05 points to close at 4,733. We expect that the declaration of the inflation figures by the government will give direction to the market. Also the long weekend ahead will led the investors to take calculative steps.
On Thursday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 54.72 points at 12,581.98 along with NASDAQ closed up by 29.58 points at 2,351.70 and S&P index closed at 1,360.55 up by 6.06 points.
The Indian ADRS closed mixed. In technology sector, Satyam grew by 4.14% along with Patni computers by 1.29%, Infosys 0.69% and Wipro by 0.53%. In banking sector, ICICI bank and HDFC bank dropped by (2.38%) and (0.37%) respectively. In telecommunication sector, Tata Communication decreased by (4.79%). Sterlite industries grew by (0.77%).
Today the major stock markets in Asia are trading firm. Japan’s Nikkei is trading higher by 272.98 points at 13,218.28 along with Hang Seng index trading up by 177.14 points at 24,364.24 and Taiwan Weighted trading at 8,879.66 up by 50.26 points and Singapore Strait Times trading up by 25.19 points at 3,089.79.
The FIIs on Thursday stood as net seller in equity. The gross equity purchased was Rs2,040.80 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs2,213.00 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was (Rs172.30 Crore) and net debt was Rs0.00 Crore.
Today, Nifty has support at 4,605 and resistance at 4,857 and BSE Sensex has support at 15,301 and resistance at 16,082.
On Thursday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 54.72 points at 12,581.98 along with NASDAQ closed up by 29.58 points at 2,351.70 and S&P index closed at 1,360.55 up by 6.06 points.
The Indian ADRS closed mixed. In technology sector, Satyam grew by 4.14% along with Patni computers by 1.29%, Infosys 0.69% and Wipro by 0.53%. In banking sector, ICICI bank and HDFC bank dropped by (2.38%) and (0.37%) respectively. In telecommunication sector, Tata Communication decreased by (4.79%). Sterlite industries grew by (0.77%).
Today the major stock markets in Asia are trading firm. Japan’s Nikkei is trading higher by 272.98 points at 13,218.28 along with Hang Seng index trading up by 177.14 points at 24,364.24 and Taiwan Weighted trading at 8,879.66 up by 50.26 points and Singapore Strait Times trading up by 25.19 points at 3,089.79.
The FIIs on Thursday stood as net seller in equity. The gross equity purchased was Rs2,040.80 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs2,213.00 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was (Rs172.30 Crore) and net debt was Rs0.00 Crore.
Today, Nifty has support at 4,605 and resistance at 4,857 and BSE Sensex has support at 15,301 and resistance at 16,082.
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