The Indian Market , is likely to have a positive opening today due to strong favoring cues from the global markets. On Wednesday, the Indian market after giving up most of its initial gains closed marginally above the previous day closing. Though the market opened on a strong note backed by favoring cues from the global markets but was unable to sustain at higher levels and gave up most of its gains as the profit booking prevails. However the small caps and mid caps posted good gains across the counters. The BSE Sensex closed higher by 90.53 points at 16,244.19 and NSE Nifty closed up by 7.65 points at 4,887.30. We expect that the market will gain some grounds and will continue its yesterday’s rally during the trading session.
The Indian stock market will remain closed tomorrow (18-04-2008) for the celebration of Mahavir Jayanti.
On Wednesday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 256.80 points at 12,619.27 along with NASDAQ closed up by 64.07 points at 2,350.11 and S&P index grew by 30.28 points to close at 1,364.71.
The Indian ADRS closed in positive. In technology sector, Patni Computers grew by 6.20% along with Infosys 3.05%, Wipro 2.93% and Satyam 0.12%. In banking sector, HDFC Bank and ICICI bank advanced by (5.07%) and (4.20%) respectively. In telecommunication sector, Tata Communication and MTNL increased by (2.81%) and (2.39%) respectively. Sterlite industries increased by (3.70%).
Today the major stock markets in Asia are trading firm. Japan’s Nikkei is trading higher by 306.10 points at 13,452.23 along with Hang Seng index trading up by 402.41 points at 24,280.76 and Taiwan Weighted trading at 9,127.13 up by 60.09 points. Singapore Strait Times trading up by 55.58 points at 3,143.07.
The FIIs on Wednesday stood as net buyer in equity. The gross equity purchased was Rs3,544.30 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs3,463.40 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs80.90 Crore and net debt was Rs0.00 Crore.
Today, Nifty has support at 4,841 and resistance at 5,043 and BSE Sensex has support at 15,921 and resistance at 16,837.
The Indian stock market will remain closed tomorrow (18-04-2008) for the celebration of Mahavir Jayanti.
On Wednesday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 256.80 points at 12,619.27 along with NASDAQ closed up by 64.07 points at 2,350.11 and S&P index grew by 30.28 points to close at 1,364.71.
The Indian ADRS closed in positive. In technology sector, Patni Computers grew by 6.20% along with Infosys 3.05%, Wipro 2.93% and Satyam 0.12%. In banking sector, HDFC Bank and ICICI bank advanced by (5.07%) and (4.20%) respectively. In telecommunication sector, Tata Communication and MTNL increased by (2.81%) and (2.39%) respectively. Sterlite industries increased by (3.70%).
Today the major stock markets in Asia are trading firm. Japan’s Nikkei is trading higher by 306.10 points at 13,452.23 along with Hang Seng index trading up by 402.41 points at 24,280.76 and Taiwan Weighted trading at 9,127.13 up by 60.09 points. Singapore Strait Times trading up by 55.58 points at 3,143.07.
The FIIs on Wednesday stood as net buyer in equity. The gross equity purchased was Rs3,544.30 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs3,463.40 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs80.90 Crore and net debt was Rs0.00 Crore.
Today, Nifty has support at 4,841 and resistance at 5,043 and BSE Sensex has support at 15,921 and resistance at 16,837.
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