The Indian Market is likely to have a positive opening as the US market closed in green and Asian market is trading with marginal gains. On Monday, the Indian market beat its previous day losing trend to close in green as the investors showed some buying interest towards the close of the session. Despite disappointing industrial output data that stood at 3%, which was six years low the market managed to recover from the initial fall. The reality stocks were not in favour as most selling was reported from these baskets. However oil and gas stocks were in limelight. The BSE Sensex closed higher by 123.83 points at 16,860.90 and NSE Nifty went up 30.05 points to close at 5,012.65. We expect that the market may remain range bound during the trading session.
On Monday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 130.43 points at 12,876.31 along with S&P 500 grew by 15.30 points to close at 1,403.58 and NASDAQ higher by 42.97 points to close at 2,488.49.
Indian ADRS ended mixed. In technology sector, Infosys went up (1.56%) along with Satyam (1.54%), Wipro (1.39%) and Patni Computers by (0.70%). In banking sector, HDFC bank grew by (0.79%) while ICICI bank dropped by (0.61%). In telecommunication sector, MTNL and Tata Communication slipped by (0.20%) and (1.18%). Dr Reddy’s declined by (1.77%).
Today the major stock markets in Asia are trading higher. Taiwan Weighted is trading up by 125.91 points at 8,955.96 along with Japan’s Nikkei trading higher by 88.49 points at 13,831.85 and Hang Seng index also trading at 25,071.43 up 8.26points.
The FIIs on Thursday stood as net seller in equity. The gross equity purchased was Rs3,368.70 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs3,739.20 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs(370.50) Crore and net debt was Rs0.00 Crore.
Today, Nifty has support at 4,953 and resistance at 5,182 and BSE Sensex has support at 16,581 and resistance at 17,134.
On Monday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 130.43 points at 12,876.31 along with S&P 500 grew by 15.30 points to close at 1,403.58 and NASDAQ higher by 42.97 points to close at 2,488.49.
Indian ADRS ended mixed. In technology sector, Infosys went up (1.56%) along with Satyam (1.54%), Wipro (1.39%) and Patni Computers by (0.70%). In banking sector, HDFC bank grew by (0.79%) while ICICI bank dropped by (0.61%). In telecommunication sector, MTNL and Tata Communication slipped by (0.20%) and (1.18%). Dr Reddy’s declined by (1.77%).
Today the major stock markets in Asia are trading higher. Taiwan Weighted is trading up by 125.91 points at 8,955.96 along with Japan’s Nikkei trading higher by 88.49 points at 13,831.85 and Hang Seng index also trading at 25,071.43 up 8.26points.
The FIIs on Thursday stood as net seller in equity. The gross equity purchased was Rs3,368.70 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs3,739.20 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs(370.50) Crore and net debt was Rs0.00 Crore.
Today, Nifty has support at 4,953 and resistance at 5,182 and BSE Sensex has support at 16,581 and resistance at 17,134.
No comments:
Post a Comment