The Indian Market is likely to open in positive zone on the back of mixed cues from the global markets. On Friday, Indian market closed in green due to the strong buying support despite rise in inflation figures. The market opened with gain higher tracking the favoring cues from the US Markets and was trading firm due to buying in key stocks on the back of favorable global cues and Nifty June futures series which settled at premium. Further, it continued the same momentum to close in positive. The capital goods and metal stocks were in limelight as most of the buying was seen from these baskets. The BSE Sensex closed higher by 99.31 points at 16,415.57 and NSE Nifty went up by 34.80 points to close at 4,870.10. We expect that the market may remain volatile today.
Auto LPG price hiked by Rs2.52 from Saturday midnight. PSU Oil companies have announced this increase. While the Centre had postponed increase in petrol, diesel and domestic LPG to this week.
It is expected for the Indian Rupee to surge on Monday as central bank may provide foreign exchange to oil refiners which would reduce dollar demand in the currency market. On Friday, after closing of market the central bank informed that it would conduct open market operations in the secondary market in oil bonds held by state-run oil companies to provide liquidity to crude refiners.
On Friday, the US market closed mixed. The NASDAQ (DJIA) closed higher by 14.34 points at 2,522.66 along with S&P 500 went up by 2.12 points to close at 1,400.38 while Dow Jones Industrial Average dropped by 7.90 points to close at 12,638.32.
Major Indian ADRS ended up as in technology sector, Infosys raised by (8.27%) along with Satyam by (5.78%), Wipro by (2.39%) while Patni Computers dropped by (0.76%). In banking sector, HDFC bank and ICICI bank increased by (2.18%) and (0.05%) respectively. In telecommunication sector, MTNL fell by (10.99%) while Tata Communication advanced by (2.66%). Sterlite industries went up by (3.02%).
Today the major stock markets in Asia are trading mixed. Taiwan Weighted Index is trading up by 62.22 points at 8,681.30 along with Hang Seng index trading high by 59.50 points at 24,592.62 while Japan''s Nikkei is flat at 14,346.
The FIIs on Friday stood as net seller in equity. The gross equity purchased was Rs4,208.90 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs5,290.70 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was (R1,083.90) Crore and net debt was Rs0.00 Crore.
Today, Nifty has support at 4,761 and resistance at 4,936 and BSE Sensex has support at 16,134 and resistance at 16,648.
Auto LPG price hiked by Rs2.52 from Saturday midnight. PSU Oil companies have announced this increase. While the Centre had postponed increase in petrol, diesel and domestic LPG to this week.
It is expected for the Indian Rupee to surge on Monday as central bank may provide foreign exchange to oil refiners which would reduce dollar demand in the currency market. On Friday, after closing of market the central bank informed that it would conduct open market operations in the secondary market in oil bonds held by state-run oil companies to provide liquidity to crude refiners.
On Friday, the US market closed mixed. The NASDAQ (DJIA) closed higher by 14.34 points at 2,522.66 along with S&P 500 went up by 2.12 points to close at 1,400.38 while Dow Jones Industrial Average dropped by 7.90 points to close at 12,638.32.
Major Indian ADRS ended up as in technology sector, Infosys raised by (8.27%) along with Satyam by (5.78%), Wipro by (2.39%) while Patni Computers dropped by (0.76%). In banking sector, HDFC bank and ICICI bank increased by (2.18%) and (0.05%) respectively. In telecommunication sector, MTNL fell by (10.99%) while Tata Communication advanced by (2.66%). Sterlite industries went up by (3.02%).
Today the major stock markets in Asia are trading mixed. Taiwan Weighted Index is trading up by 62.22 points at 8,681.30 along with Hang Seng index trading high by 59.50 points at 24,592.62 while Japan''s Nikkei is flat at 14,346.
The FIIs on Friday stood as net seller in equity. The gross equity purchased was Rs4,208.90 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs5,290.70 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was (R1,083.90) Crore and net debt was Rs0.00 Crore.
Today, Nifty has support at 4,761 and resistance at 4,936 and BSE Sensex has support at 16,134 and resistance at 16,648.
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