The Indian Market is expected to have positive opening on strong global cues as US markets closed with heavy gains and Asian markets are trading on a firm note along with further drop in crude oil prices. On Tuesday, the Indian market closed in green mainly due to heavy buying over the counters led by steep drop in crude oil prices to $120 a barrel. The domestic market opened marginally lower tracking negative cues from the global markets. Further, it turned volatile but gathered momentum since afternoon and continued to gain ground till the end of session. NSE Nifty ended above 4,500 mark and BSE Sensex ended above 14,900 level, which reached very nearer to 15,000 mark. BSE Midcaps and Smallcaps traded with gains and ended with increase of more than 1%. From the sectoral front, Bank and Reality stocks reported sharp gains with increase of more than 6% followed by Auto stocks, which gained more than 4%. The BSE Sensex closed higher by 383.20 points at 14,961.07 and NSE Nifty ended up by 107.50 points at 4,502.85. We expect that market may see bull run during the trading session.
On Tuesday, the US market was closed with heavy gains on Fed’s decision to keep fund rate unchanged at 2% along with further drop in crude oil. Crude oil price fell to $118 a barrel before settling at $119.17 a barrel, down by $2.24 on the New York Mercantile Exchange.
The Dow Jones Industrial Average (DJIA) closed higher by 331.62 points at 11,615.77 along with NASDAQ ended up by 64.27 points at 2,349.83 and S&P 500 index closed higher by 35.87 points at 1,284.88.
Indian ADRs ended higher. In technology sector, Wipro ended higher by (4.90%) along with Patni Computers by (3.30%), Infosys by (3.98%) and Satyam advanced by (1.68%). In banking sector, ICICI bank and HDFC bank gained (15.54%) and (11.63%) respectively. In telecommunication sector, Tata Communication ended up by (5.00%) while MTNL dropped by (1.55%). Sterlite industries increased by (0.31%).
Today the major stock markets in Asia are trading in green. Japan’s Nikkei is trading higher by 287.24 points at 13,201.90 along with Taiwan Weighted trading up by 124.36 points at 6,937.76 and Singapore''s Straits Times trading at 2,886.49 advanced by 25.98 points. Hong Kong''s stock exchange is closed today due to a severe tropical storm and trading was canceled after weather officials issued a typhoon warning due to the storm
The FIIs on Tuesday stood as net seller in equity and debt. The gross equity purchased was Rs1,820.70 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs222,1.30 Crore and gross debt sold stood at Rs9.50 Crore. Therefore, the net investment of equity reported was (Rs400.60) Crore and net debt was (Rs9.50) Crore.
Today, Nifty has support at 4,435 and resistance at 4,651 and BSE Sensex has support at 14,697 and resistance at 15,475.
On Tuesday, the US market was closed with heavy gains on Fed’s decision to keep fund rate unchanged at 2% along with further drop in crude oil. Crude oil price fell to $118 a barrel before settling at $119.17 a barrel, down by $2.24 on the New York Mercantile Exchange.
The Dow Jones Industrial Average (DJIA) closed higher by 331.62 points at 11,615.77 along with NASDAQ ended up by 64.27 points at 2,349.83 and S&P 500 index closed higher by 35.87 points at 1,284.88.
Indian ADRs ended higher. In technology sector, Wipro ended higher by (4.90%) along with Patni Computers by (3.30%), Infosys by (3.98%) and Satyam advanced by (1.68%). In banking sector, ICICI bank and HDFC bank gained (15.54%) and (11.63%) respectively. In telecommunication sector, Tata Communication ended up by (5.00%) while MTNL dropped by (1.55%). Sterlite industries increased by (0.31%).
Today the major stock markets in Asia are trading in green. Japan’s Nikkei is trading higher by 287.24 points at 13,201.90 along with Taiwan Weighted trading up by 124.36 points at 6,937.76 and Singapore''s Straits Times trading at 2,886.49 advanced by 25.98 points. Hong Kong''s stock exchange is closed today due to a severe tropical storm and trading was canceled after weather officials issued a typhoon warning due to the storm
The FIIs on Tuesday stood as net seller in equity and debt. The gross equity purchased was Rs1,820.70 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs222,1.30 Crore and gross debt sold stood at Rs9.50 Crore. Therefore, the net investment of equity reported was (Rs400.60) Crore and net debt was (Rs9.50) Crore.
Today, Nifty has support at 4,435 and resistance at 4,651 and BSE Sensex has support at 14,697 and resistance at 15,475.
No comments:
Post a Comment