The Indian Market is likely to have a negative opening as the US market closed in red as well as the Asian markets are trading on the back foot. On Tuesday, the Indian market closed in negative. The investors did not showed their active participation during the trading session due to the unfavouring cues from the global markets like the surging crude oil prices above $129 a barrel and higher inflation due to depreciating rupee against the US dollar led the investors to take cautious steps to book their further positions. The market opened on the weak note tracking the negative global cues and kept on hovering in the negative territory through out the session and showed no sign of recovery till the close of the session. The banking and reality stocks were not in favour on account of heavy selling pressure. The BSE Sensex closed lower by 204.76 at 17,230.18 and NSE Nifty fell by 52.75 points to close at 5,104.95. We expect that the market may decline further during the trading session.
On Tuesday, the US market closed in red. The Dow Jones Industrial Average (DJIA) closed lower by 199.48 points at 12,828.68 along with NASDAQ fell by 23.83 points to close at 2,492.26 and S&P 500 dropped by 13.23 points to close at 1.413.40.
Indian ADRS closed in red. In technology sector Patni Computers fell by (3.88%) along with Infosys by (2.61%), Satyam by 1.40% and Wipro by (1.19%). In banking sector, HDFC bank and ICICI bank slipped by (4.64%) and (3.24%) respectively. In telecommunication sector, Tata Communication and MTNL decreased by (1.86%) and (1.38%). Sterlite industries declined by (0.58%).
Today the major stock markets in Asia are trading weak. Japan’s Nikkei is trading lower by 279.21 points at 13,880.88 along with Han Seng index trading down by 237.83 points at 24,931.63 and Taiwan Weighted trading at 8,996.80 down by 72.09 points.
The FIIs Tuesday stood as net buyer in equity and in debt also. The gross equity purchased was Rs2,882.70 Crore and the gross debt purchased was Rs4.90 Crore while the gross equity sold stood at Rs2,825.60 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs57.10 Crore and net debt was Rs4.90 Crore.
Today, Nifty has support at 4,978 and resistance at 5,152 and BSE Sensex has support at 16,762 and resistance at 17,395.
On Tuesday, the US market closed in red. The Dow Jones Industrial Average (DJIA) closed lower by 199.48 points at 12,828.68 along with NASDAQ fell by 23.83 points to close at 2,492.26 and S&P 500 dropped by 13.23 points to close at 1.413.40.
Indian ADRS closed in red. In technology sector Patni Computers fell by (3.88%) along with Infosys by (2.61%), Satyam by 1.40% and Wipro by (1.19%). In banking sector, HDFC bank and ICICI bank slipped by (4.64%) and (3.24%) respectively. In telecommunication sector, Tata Communication and MTNL decreased by (1.86%) and (1.38%). Sterlite industries declined by (0.58%).
Today the major stock markets in Asia are trading weak. Japan’s Nikkei is trading lower by 279.21 points at 13,880.88 along with Han Seng index trading down by 237.83 points at 24,931.63 and Taiwan Weighted trading at 8,996.80 down by 72.09 points.
The FIIs Tuesday stood as net buyer in equity and in debt also. The gross equity purchased was Rs2,882.70 Crore and the gross debt purchased was Rs4.90 Crore while the gross equity sold stood at Rs2,825.60 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs57.10 Crore and net debt was Rs4.90 Crore.
Today, Nifty has support at 4,978 and resistance at 5,152 and BSE Sensex has support at 16,762 and resistance at 17,395.
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