The Indian Market is likely to have a positive opening as the cues from the global markets are in favor. On Wednesday, the Indian market closed lower. Though the market opened with marginal gains but was unable to sustained at higher levels as the profit booking prevailed. The cues from the US market are not in favor that led to the investors in the domestic market to take calculated steps to book their positions. Also the expiry of the April 2008 derivatives contract on this Thursday also add to the sentiments. From the sectoral point, most buying was witnessed from the Realty index. The BSE Sensex closed lower by 85.83 points at 16,698.04 and NSE Nifty fell by 26.5 points to close at 5,022.80. We expect that the market may gain some grounds during the trading session.
On Wednesday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 42.99 points at 12,763.22 along with NASDAQ closed up by 28.27 points at 2,405.21 and S&P grew by 3.99 points to close at 1,379.33.
The Indian ADRS closed in positive. In technology sector, Wipro grew by (3.81%) along with Patni Computers by (3.11%), Infosys by (2.08%), Satyam by (1.12%). In banking sector, ICICI bank increased by (0.05%). In telecommunication sector, Tata Communication and MTNL advanced by (1.65%) and (1.64%) respectively. Sterlite industries inched by (1.60%).
Today the major stock markets in Asia are trading firm. Hang Seng index is trading higher by 521.49 points at 25,810.73 along with Japan’s Nikkei trading up by 51.71 points at 13,630.87 and Taiwan Weighted trading at 9,051.30 up by 42.81 points. Singapore Strait Times trading up by 37.61 points at 3,231.45.
The FIIs on Wednesday stood as net buyer in equity. The gross equity purchased was Rs2,742.10 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs2,349.80 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs392.40 Crore and net debt was Rs0.00 Crore.
Today, Nifty has support at 4,941 and resistance at 5,134 and BSE Sensex has support at 16,313 and resistance at 17,192.
On Wednesday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 42.99 points at 12,763.22 along with NASDAQ closed up by 28.27 points at 2,405.21 and S&P grew by 3.99 points to close at 1,379.33.
The Indian ADRS closed in positive. In technology sector, Wipro grew by (3.81%) along with Patni Computers by (3.11%), Infosys by (2.08%), Satyam by (1.12%). In banking sector, ICICI bank increased by (0.05%). In telecommunication sector, Tata Communication and MTNL advanced by (1.65%) and (1.64%) respectively. Sterlite industries inched by (1.60%).
Today the major stock markets in Asia are trading firm. Hang Seng index is trading higher by 521.49 points at 25,810.73 along with Japan’s Nikkei trading up by 51.71 points at 13,630.87 and Taiwan Weighted trading at 9,051.30 up by 42.81 points. Singapore Strait Times trading up by 37.61 points at 3,231.45.
The FIIs on Wednesday stood as net buyer in equity. The gross equity purchased was Rs2,742.10 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs2,349.80 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs392.40 Crore and net debt was Rs0.00 Crore.
Today, Nifty has support at 4,941 and resistance at 5,134 and BSE Sensex has support at 16,313 and resistance at 17,192.
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