Pre Session Market - Dec 26, 2008

Today, the markets are expected to open red following the Wednesday’s falling streak and mixed cues from Asian market. The benchmark indices may turn volatile as the inflation numbers may see further fall. The commerce minister has also assured some relief is on the way for export oriented companies.

On Wednesday, the markets continued southward journey in line with the other Asian markets. The markets were trading in negative zone on the concerns over the global economic outlook. The second stimulus package and a possible rate cut are over shadowed by the derivative settlement of the monthly contracts on Wednesday. The New Year may not begin in a good mood as investors expect this quarter to be one of the worst quarters in terms of results. Sensex and Nifty lost 1.22% and 1.24%. Realty, Metal, Oil & Gas, Capital Goods and Auto conceded lose of 4.91%, 1.87%, 1.46%, 0.98% and 2.38% respectively. However, the Indian benchmark indices are expected to continue with the green rally before the result session begins.

The BSE Sensex closed lower by 118.03 points at 9,568.72 and NSE Nifty ended low by 70.65 points at 2,968.65. The BSE Mid Caps and Small Caps ended with loss of 30.21 points and 38.98 points at 3,145.60 and 3,600.20 respectively. The BSE Sensex touched intraday high of 9,653.42 and intraday low of 9,502.53 .

On Wednesday, US stocks closed a truncated session up, with the key indices logging gains for the first time in three days after reports showed that consumer spending and orders for durable goods topped economists’ forecasts. Crude oil futures for the month of February delivery fell $3.63 to $35.35 per barrel on New York Mercantile Exchange. The crude futures slipped for the third consecutive day on the back of the energy department report that showed inventories hit a record. The EIA reported total U.S. crude-oil stockpiles, excluding those in the Strategic Petroleum Reserve, fell 3.1 million barrels to 318.2 million for the week ended Dec. 19.The Dow Jones Industrial Average (DJIA) closed up with 48.99 points at 8,468.48, NASDAQ index improved by 3.36 points at 1,524.90 and the S&P 500 (SPX) also closed higher by 4.99 points to close at 868.15 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 0.71% while Wipro lost by 2.67% whereas Satyam that surged by 3.81% and Patni Computers closing low by 0.18%. In banking sector ICICI Bank improved by 4.35%, HDFC Bank grew by 2,75%. In telecommunication sector, Tata Communication surged by 1,21%, while MTNL inclined by 4.11%.

Today the major stock markets in Asia opened Mixed. The Shanghai Composite is trading low by 5.31 at 1,847.10 Hang Seng is low by 36.65 points at 14,184.14 Further Japan''s Nikkei is higher by 71.48. points at 8,670.98 Tiwan weighted high by 24.82 points at 4,438.27 and Singapore’s Strait Times is up by 8.39 points at 1,745.38.

The FIIs on Wednesday stood as net sellers in equity and net buyer in debt. Gross equity purchased stood at Rs 645.80 Crore and gross debt purchased stood at Rs 154.00 Crore, while the gross equity sold stood at Rs 917.10 Crore and gross debt sold stood at Rs 135.40 Crore. Therefore, the net investment of equity and debt reported were Rs (271.40) Crore and Rs 18.60 Crore respectively.

On Wednesday Indian Rupee closed at 48.07/08 a dollar, recovering more than 2.00% as compared to Monday''s close of 48.78/81. After the three consicative fall in Indian rupee, it recovered by 70 paise. Exporters sold the dollar aggressively following its weakness against a basket of currencies, including the Japanese yen.

On BSE, total number of shares traded were 28.22 Crore and total turnover stood at Rs 3,189.50 Crore. On NSE, total number of shares traded were 67.76 Crore and total turnover was Rs 9,913.68 Crore.

Top traded volumes on NSE Nifty – Unitech with 89899711 shares, Satyam with 87155098 shares, Suzlon Energy with total volume traded 33461620 shares, Reliance Petro with 16013580 shares, followed by SAIL with 14523937 shares.On NSE Future and Options, total number of contracts traded in index futures was 935595 with a total turnover of Rs 13123.72 Crore. Along with this total number of contracts traded in stock futures were 1485481 with a total turnover of Rs 15900.86 Crore. Total numbers of contracts for index options were 1030137 with a total turnover of Rs 15490.17 Crore and total numbers of contracts for stock options were 71964 and notional turnover was Rs 840.83 Crore.

Today, Nifty would have a support at 2,872 and resistance at 2,961 and BSE Sensex has support at 9,429 and resistance at 9,719.

Pre Session Market - Dec 24, 2008

Today the markets are expected to open in red as most of the global markets seen battered. However, they look on the recovery mood as they are off from their day’s low and investors will also keep close eye on the inflation data and expect a better rollover in the derivatives market. Going ahead, the two day fall may daunt the investors over a possible pull back rally and continue to remain choppy over the day. On the other end, the muted festive session in various markets across the globe may hurt the corporate sales and their upcoming results.

On Tuesday, the markets continued southword journey in line with the other Asian markets. The markets were trading in negative zone on the concerns over the global economic outlook. The second stimulus package and a possible rate cut are over shadowed by the derivative settlement of the monthly contracts on Wednesday. The New Year may not begin in a good mood as investors expect this quarter to be one of the worst quarters in terms of results. Sensex and Nifty lost 1.69% and 1.24%. Oil & Gas, Bankex, Metal, Capital Goods and Auto conceded lose of 3.02%, 2.48%, 1.52%, 0.99% and 1.36% respectively. The market is expected to remain volatile during the trading session due to the expiry of derivatives contract today as well the long holiday weekend.

The BSE Sensex closed lower by 241.60 points at 9,686.75 and NSE Nifty ended low by 70.65 points at 2,968.65. The BSE Mid Caps and Small Caps ended with loss of 83.98 points and 95.77 points at 3,175.81 and 3,639.18 respectively. The BSE Sensex touched intraday high of 9,838.38 and intraday low of 9,643.56.

On Tuesday, the US markets closed in red. The Wall Street was down again as the festive session looks muted over the sectors. In addition, the deterioration in the hosing market and the broader economy continued to hurt the sentiments of investor. On the other end, the positive cues in the market are quite and there is no reason to the upbeat. Crude oil futures for the month of February delivery fell $0.93 to $38.89 per barrel on New York Mercantile Exchange. The crude futures ended below the $40 per barrel mark as depressing economic news increased worries over weaker energy demand.

The Dow Jones Industrial Average (DJIA) closed low with 100.28 points at 8,419.49, NASDAQ index plunged by 10.81 points at 1,521.54 and the S&P 500 (SPX) also closed lower by 8.47 points to close at 863.16 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 1.08% and Wipro also gained by 1.98% whereas Satyam that dropped by 11.02% and Patni Computers closing low by 1.44%. In banking sector ICICI Bank plummeted by 6.52%, HDFC Bank fell by 4.90%. In telecommunication sector, Tata Communication surged by 3.18%, while MTNL declined by 10.03%.

Today the major stock markets in Asia opened weak. The Shanghai Composite is trading low by 11.71 at 1,885.52 Hang Seng is low by 5.24 points at 14,215.00 Further Japan''s Nikkei is lower by 216.26. points at 8,509.07 Tiwan weighted low by 4.34 points at 4,401.99 and Singapore’s Strait Times is up by 19.93 points at 1,742.72.

The FIIs on Tuesday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 943.10 Crore and gross debt purchased stood at Rs 602.10 Crore, while the gross equity sold stood at Rs 1,167.10 Crore and gross debt sold stood at Rs 935.20 Crore. Therefore, the net investment of equity and debt reported were Rs (224.00) Crore and Rs (333.20) Crore respectively.

On Tuesday Indian Rupee closed at 48.78/81 a dollar, about 1.6% weaker than Monday''s close of 48.01/03. The fall in the rupee is primarily attributed by the foreign fund withdrawals and month-end dollar demand from importers applied downward pressure.

On BSE, total number of shares traded were 29.08 Crore and total turnover stood at Rs 3,378.03 Crore. On NSE, total number of shares traded were 63.43 Crore and total turnover was Rs 9,026.22 Crore.

Top traded volumes on NSE Nifty – Unitech with 97313919 shares, Suzlon Energy with total volume traded 41292198 shares, Satyam with 30885339 shares, DLF with 16160208 shares, followed by SAIL with 12922112 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1149524 with a total turnover of Rs 16306.32 Crore. Along with this total number of contracts traded in stock futures were 1496490 with a total turnover of Rs 15769.31 Crore. Total numbers of contracts for index options were 1210733 with a total turnover of Rs 18374.99 Crore and total numbers of contracts for stock options were 63674 and notional turnover was Rs 681.86 Crore.

Today, Nifty would have a support at 2,889 and resistance at 3,020 and BSE Sensex has support at 9,470 and resistance at 9,830.

Pre Session Market - Dec 23, 2008

Today the markets are expected to open up in red due to negative trading of Asian markets. And the investors will closely keep a close eye on the rollover in the derivatives market. However, for the day the market will trade in negative zone and track the behavior in the Asian and European market.

On Monday, the markets opened on a flat note and continued to trade volatile with a negative bias and ended the day in deep red. The hopes for a possible stimulus package and rate cut are getting extended day by day, which resorted in profit booking in index heavyweight. As there was not much to talk about domestic cues, the benchmark indices reacted to the behavior of the Asian Markets. In line with the Asian Markets the downtrend was followed by the European markets, which ended the session in red. The Sensex breached the sensitive mark of 10,000 and closed in a four-digit mark. Sensex and Nifty lost 1.69% and 1.24%. Oil & Gas, Bankex, Metal, Capital Goods and Auto conceded lose of 3.02%, 2.48%, 1.52%, 0.99% and 1.36% respectively. The market is likely to turn volatility with negative bias. Also, as Thursday being holiday on the occasion of Christmas most data like Derivatives expiry and Inflation are expected to come out a day early

The BSE Sensex closed lower by 171.56 points at 9,928.35 and NSE Nifty ended low by 38.20 points at 3,039.30. The BSE Mid Caps and Small Caps ended with loss of 4.20 points and 9.07 points at 3,259.79 and 3,734.95 respectively. The BSE Sensex touched intraday high of 10,173.34 and intraday low of 9,894.01.

On Monday, the US markets closed in weak note. The investors are worried over the impact of recession on the corporate profits on more evidence the year-long recession will keep eating into corporate profits, while retailers tumbled on worry the holiday shopping season could be the worst in nearly 40 years. Crude oil for February delivery fell 1.5 percent to $39.31 barrel in New York after plunging 5.8 percent yesterday

The Dow Jones Industrial Average (DJIA) closed low with 59.42 points at 8,519.69, whereas NASDAQ index dropped by 31.97 points at 1532.35 and the S&P 500 (SPX) also closed lower by 16.25 points to close at 871.63 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 2.03% and Satyam that gained by 5.49% whereas Wipro lost by 3.58% and Patni Computers closing low by 2.11%. In banking sector ICICI Bank plunged by 3.80%, HDFC Bank fell by 4.02%. In telecommunication sector, Tata Communication plunged by 3.40%, while MTNL inclined by 8.91%.

Today the major stock markets in Asia opened weak. The Shanghai Composite is trading low by 67.77 points at 1,919.98 Hang Seng is low by 374.60 points at 14,247.79. Further Japan''s Nikkei is closed on the occasion of Emperor’s Birthday. Tiwan weighted low by 163.69 points at 4,371.85 and Singapore’s Strait Times is down by 8.55 points at 1,737.08. The Asian Markets are trading low as there are no positive cues flowing in the market and even if there are any then they are not enough to curtail the downtrend. Today China came out with a rate cut, but the reaction in the Chinese market is negative and the same could shadow on the rest of the market.

The FIIs on Monday stood as net buyers in equity and debt. Gross equity purchased stood at Rs 2,243.30 Crore and gross debt purchased stood at Rs 174.30 Crore, while the gross equity sold stood at Rs 1,780.40 Crore and gross debt sold stood at Rs 61.50 Crore. Therefore, the net investment of equity and debt reported were Rs 462.90 Crore and Rs 112.70 Crore respectively.

On Monday Indian Rupee closed at 48.01/03 a dollar, about 1.6% weaker than Friday''s close of 47.26/27. Negative stocks and positive offshore dollar/rupee and some corporate (dollar) buying between 47.30-47.50 have pulled the rupee lower.

On BSE, total number of shares traded were 34.63 Crore and total turnover stood at Rs 3,861.10 Crore. On NSE, total number of shares traded were 72.15 Crore and total turnover was Rs 10,149.04 Crore.

Top traded volumes on NSE Nifty – Unitech with 102398902 shares, Suzlon Energy with total volume traded 5253028867 shares, Reliance Petro with 21061405 shares, DLF with 18832155 shares, followed by SAIL with 10024713 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1038615 with a total turnover of Rs 15088.39 Crore. Along with this total number of contracts traded in stock futures were 1436665 with a total turnover of Rs 15905.39 Crore. Total numbers of contracts for index options were 1013251 with a total turnover of Rs 15661.70 Crore and total numbers of contracts for stock options were 61334 and notional turnover was Rs 665.61 Crore.

Today, Nifty would have a support at 2,900 and resistance at 3,170 and BSE Sensex has support at 9,725 and resistance at 10,200.

Pre Session Market - Dec 22, 2008

Today the markets are expected to open up marginally in green and may turn into northward volatility. The fingers are crossed over the second stimulus package and also for the cut in the interest rates. The benchmark indices are also expected to discount the mixed cues from the Asian markets. However, the downbeat factor over the week was the volatility, which indicates that there is some fear still exits in the market. Sequentially, the reaction over the bailout package to the Auto makers on Friday was muted indicating for more economic policy.

On Friday, the market was volatile for the day and ended on a marginal gain. A series of positive news flow over the week has propelled the sentiments of the investors. The BSE sensex managed to end the week above five-digit mark. One good thing that the policymakers have been able to do is by asking the banks to start lending again and restore confidence. On the other end, the falling inflation number and expectation of second stimulus package has acted as confidence booster in the market. Sensex and Nifty gained 0.23% and 0.54%. Realty, Capital Goods, Healthcare and Auto conceded gains of 10.57%, 0.79%, 1.55% and 1.79% respectively.

The BSE Sensex closed higher by 23.48 points at 10,099.91 and NSE Nifty ended high by 16.75 points at 3,077.50. The BSE Mid Caps and Small Caps ended with gain of 59.43 points and 32.07 points at 3,263.99 and 3,744.02 respectively. The BSE Sensex touched intraday high of 10,188.54 and intraday low of 9,987.42.

On Friday, the US markets closed in mix. US President George W Bush bailed out US automakers on Friday with $17.4 billion in emergency loans. However, the santa touch is being felt on the Wall Street and optimism over efforts to fight the year long recession may prompt a year end rally. There are good bargains out there and there is a fair amount of buying in the marketplace. Crude oil futures for the month of January delivery that expired Friday fell $2.35 to $33.87 per barrel on New York Mercantile Exchange. The crude futures have touched an intraday of $32.40 per barrel in the electronic trading, the lowest level for a front-month contract since at least April 2004 after inventories rose to 19-month highs and the investor''s rush to invest in the next month''s contract. However, the oil for February delivery rose 69 cents to end at $42.36 a barrel on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) closed low with 26 points at 8,579, whereas NASDAQ index managed to gain 12 points at 1,564 and the S&P 500 (SPX) also closed higher by 3 points to close at 889 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 0.31% and Wipro also gained by 2.70% whereas Satyam that dropped by 4.74% and Patni Computers closing low by 2.41%. In banking sector ICICI Bank surged by 1.30%, HDFC Bank fell by 1.69%. In telecommunication sector, Tata Communication plunged by 5.33%, while MTNL declined by 0.29%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 36.28 at 1,982.17 Hang Seng is low by 150.30 points at 14,977.21. Further Japan''s Nikkei is higher by 118.58 points at 8,707.10. Tiwan weighted low by 46.62 points at 4,647.90 and Singapore’s Strait Times is up by 6.45 points at 1,801.92.

The FIIs on Friday stood as net sellers in equity and as net buyer in debt. Gross equity purchased stood at Rs 2,139.90 Crore and gross debt purchased stood at Rs 776.50 Crore, while the gross equity sold stood at Rs 2,194.10 Crore and gross debt sold stood at Rs 163.90 Crore. Therefore, the net investment of equity and debt reported were Rs (54.20) Crore and Rs 612.50 Crore respectively.

On Friday Indian Rupee closed at 47.26/27 a dollar, about 0.6% weaker than Thursday''s close of 46.95/96. The euro''s fall against the dollar raised expectations of a stronger U.S. currency, but hopes of capital inflows checked losses.

On BSE, total number of shares traded were 42.01 Crore and total turnover stood at Rs 5,066.77 Crore. On NSE, total number of shares traded were 87.86 Crore and total turnover was Rs 13,245.87 Crore.

Top traded volumes on NSE Nifty – Unitech with 106458838 shares, Suzlon Energy with total volume traded 52240172 shares, DLF with 21499700 shares, Satyam with 14896609 shares, followed by SAIL with 14746746 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1107385 with a total turnover of Rs 16075.49 Crore. Along with this total number of contracts traded in stock futures were 1476299 with a total turnover of Rs 15972.99 Crore. Total numbers of contracts for index options were 1162996 with a total turnover of Rs 17895.06 Crore and total numbers of contracts for stock options were 64649 and notional turnover was Rs 726.75 Crore.

Today, Nifty would have a support at 2,975 and resistance at 3,160 and BSE Sensex has support at 9,850 and resistance at 10,300.

Pre Session Market - Dec 19, 2008

Today the markets are expected to open up in red as most of the Asian benchmark indices are trading in red. Going further, the markets may continue to be volatile as some policy news and rate cuts are expected to flow in. The fall in inflation numbers will not only boost the moral of investors but also support the moves for policymakers. In addition the slumping crude oil price may give some energy to the energy stocks.

On Thursday, the markets were flat in the pre mid session and soon in the post session it turned into whopping gains. The significant gain was primarily attributed by the fall in inflation numbers to 6.84%, which may inspire the RBI to think over the further rate cut. The inflation numbers fell by 116bps to 6.84% for the week ended December 6, 2008 as compared to 8% the week before. Sensex and Nifty lost 2.62% and 2.87%. Realty, Teck, Power and Metal conceded losses of 7.36%, 5.02%, 4.44% and 4.36% respectively. Among the sectors the rate sensitive sectors like Realty, Bankex, Power and Auto rolled the red carpet for bulls. During the trading session we expect the markets to be trading volatile with negative bias.

The BSE Sensex closed higher by 361.14 points at 10,076.43 and NSE Nifty ended up by 106.40 points at 3060.75. The BSE Mid Caps and Small Caps ended with gains of 68.39 points and 33.39 points at 3,204.56 and 3,678.56 respectively. The BSE Sensex touched intraday high of 10,110.34 and intraday low of 9,633.04.On Thursday, the US markets closed in red. The sentiments were weak as the the rating agency S&P has threatened General Electric of down sizing its current rating “AAA” to negative. In addition the falling oil prices crippled the energy shares. Chevron Corp and Exxon Mobil were the biggest drags on the Dow for the second consecutive session as oil fell almost $4, or about 10 percent, to settle near $36 a barrel on growing fears of falling demand. Crude oil futures for the month of January delivery fell $3.84 to $36.22 per barrel on New York Mercantile Exchange.

The crude futures have touched an intraday of $35.98 per barrel in the electronic trading. The crude prices have reached a new record level since mid of 2004 as investors pay less attention to worried about the production cut by the Organization of the Petroleum Exporting Countries. The Dow Jones Industrial Average (DJIA) closed low with 219.35 points at 8,604.99 NASDAQ index fell 26.94 points at 1,552.37 and the S&P 500 (SPX) also closed lower by 19.14 points to close at 885.28 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 2.29% and Wipro also gained by 3.29% whereas Satyam that dropped by 3.86% and Patni Computers closing low by 3.80%. In banking sector ICICI Bank lost 2.45%, HDFC Bank grew by 0.79%. In telecommunication sector, Tata Communication rose by 5.93%, while MTNL inclined by 3.87%.

Today the major stock markets in Asia opened weak. The Shanghai Composite is trading low by 4.51 at 2,011.18 Hang Seng is low by 282.37 points at 15,215.44. Further Japan''s Nikkei slipped by 94.95 points at 8,572.28. Tiwan weighted low by 4,651.35 points at 1,176.83 and Singapore’s Strait Times is low by 9.43 points at 1,789.52.

The FIIs on Thursday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 2,288.10 Crore and gross debt purchased stood at Rs 305.20 Crore, while the gross equity sold stood at Rs 2,396.80 Crore and gross debt sold stood at Rs 697.00 Crore. Therefore, the net investment of equity and debt reported were Rs (108.70) Crore and Rs (391.90) Crore respectively.

On Thursday Indian Rupee closed at 46.95/96 a dollar, 1.5% stronger than Wednesday''s close of 47.67/69. Rupee gained strength in the wake of rally in the domestic market. As well as the dollar witnessed weakness in the global market.

On BSE, total number of shares traded were 39.43 Crore and total turnover stood at Rs 5,095.54 Crore. On NSE, total number of shares traded were 85.75 Crore and total turnover was Rs 13,363.39 Crore.

Top traded volumes on NSE Nifty – Unitech with 68693875 shares, Suzlon Energy with total volume traded 57199637 shares, Satyam with 36272449 shares, followed by DLF with 18466028 shares, SAIL with 15279032 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1237329 with a total turnover of Rs 17489.91 Crore. Along with this total number of contracts traded in stock futures were 1469346 with a total turnover of Rs 15976.89 Crore. Total numbers of contracts for index options were 1333958 with a total turnover of Rs 20107.92 Crore and total numbers of contracts for stock options were 88989 and notional turnover was Rs 1032.39 Crore.Today, Nifty would have a support at 2,980 and resistance at 3,100 and BSE Sensex has support at 9,750 and resistance at 10,150.

Pre Session Market - Dec 18, 2008

Today markets are likely to open negative and trade volatile during the session. After yesterday’s weak trading one could gauge the weak sentiments prevailing across markets. The sentiments are still under the bearish influence and any sing of firmness at this point is questionable. The markets trend seems to have halted after it touched the 10k mark, the sentiments emanating from the broader markets. The sense of volatility would creep in during the trading session as there is not much good factor to defend from bears.

On Wednesday, the markets traded volatile and later succumbed to the negative cues from European markets. The Fed’s rate cut plan had minimal impact on the domestic markets’ sentiments. The majority of Asian markets had traded positive since phenomenal opening in the morning. However the domestic investors were highly skeptical on the fall of European markets. Profit booking and sense of insecurity pulled the markets southwards. Sensex and Nifty lost 2.62% and 2.87%. Realty, Teck, Power and Metal conceded losses of 7.36%, 5.02%, 4.44% and 4.36% respectively. Among the sectors Bankex was at the safest zone with a least fall of 0.15%. During the trading session we expect the markets to be trading volatile with negative bias.

The BSE Sensex closed lower by 261.69 points at 9,715.29 and NSE Nifty ended low by 87.40 points at 2,954.35. The BSE Mid Caps and Small Caps ended with losses of 108.04 points and 98.09 points at 3,136.17 and 3,678.56 respectively. The BSE Sensex touched intraday high of 10,073.10 and intraday low of 9,682.91.

On Wednesday, the US markets closed in red. The sentiments were weak despite Fed’s decision of reducing the lending rates between 0 to 0.25%. Morgan Stanley posts wore than expected results. Citigroup, Morgan Stanley and Goldman Sacs were among the laggards in the financial sector. On the other hand, in the debt markets the Government Debts considered to be the safest investment avenue closed higher with a yield of 2.16% on 10-year note. Crude oil futures for the month of January delivery fell $3.54 to $40.06 per barrel on New York Mercantile Exchange. The OPEC has planned to reduce the oil production by 4.2 million barrels to 24.85 million barrels.

The Dow Jones Industrial Average (DJIA) closed low with 99.80 points at 8,824.34 NASDAQ index fell 10.58 points at 1,579.31 and the S&P 500 (SPX) also closed lower by 8.76 points to close at 904.42 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 3.49% and Wipro also gained by 2.73% followed by Satyam that surged by 50.00% and Patni Computers closing high by 0.33%. In banking sector ICICI Bank lost 2.75%, HDFC Bank plunged by 2.42%. In telecommunication sector, Tata Communication dropped by 6.63%, while MTNL declined by 1.18%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 13.14 at 1,963.67 Hang Seng is low by 125.15 points at 15,335.37. Further Japan''s Nikkei is high by 43.25 points at 8,655.77. South Korea’s Seoul Composite is high by 7.08 points at 1,176.83 and Singapore’s Strait Times is high by 0.62 points at 1,176.83.

The FIIs on Wednesday stood as net buyer in buyer equity and net seller in debt. Gross equity purchased stood at Rs 1684.80 Crore and gross debt purchased stood at Rs 157.10 Crore, while the gross equity sold stood at Rs 1657.20 Crore and gross debt sold stood at Rs 418.90 Crore. Therefore, the net investment of equity and debt reported were Rs 27.50 Crore and Rs (261.80) Crore respectively.

On Wednesday Indian Rupee closed at 47.67/69 a dollar, 0.5% stronger than Tuesday''s close of 47.92/93. Despite the fall in the stock markets the rupee ended stronger as U.S. Federal Reserve lifted the sentiments by slashing interest rates.

On BSE, total number of shares traded were 42.01 Crore and total turnover stood at Rs 4,893.61 Crore. On NSE, total number of shares traded were 84.43 Crore and total turnover was Rs 12,872.23 Crore.

Top traded volumes on NSE Nifty – Satyam with 81279339 shares, Unitech with 41703824 shares, Suzlon Energy with total volume traded 39215005 shares, followed by SAIL with 17912516 shares, Reliance Petro with 14221929 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1129470 with a total turnover of Rs 15,864.32 Crore. Along with this total number of contracts traded in stock futures were 1275936 with a total turnover of Rs 13,719.14 Crore. Total numbers of contracts for index options were 1255197 with a total turnover of Rs 18,978.24 Crore and total numbers of contracts for stock options were 69647 and notional turnover was Rs 798.36 Crore.

Today, Nifty would have a support at 2,897 and resistance at 3,020 and BSE Sensex has support at 9,550 and resistance at 9,930.

Pre Session Market - Dec 17, 2008

Today we expect markets to open positive amidst gain in US markets and phenomenal openings across the Asian markets. The Federal Open Markets Committee’s (FOMC) decision of reducing the key lending rate has brought charm in the markets around the world. The FOMC has stated that it is targeting to reduce the Fed’s fund rate to 0 to 0.25%. In a major incidence in the IT industry, Satyam has walked away from the $1.6 billion deal of buying Maytas Properties and Maytas Properties due to investors’ concerns. The domestic markets are likely to follow the global trend today. Despite the volatility that the markets had shown yesterday, today we expect the markets to trade firm with a positive trend.

On Tuesday, the markets traded volatile until it managed to gain after the post mid session. The lackluster markets of Asia had little impact on the domestic sentiments as the front like stocks like Reliance Industries, ONGC, ACC and HDFC Bank helped gain over all momentum. The second line stocks also rallied with strong sentiments for the consecutive day. Sensex crossed the psychological level of 10k and on the other hand Nifty managed to close above 3k mark. The UK markets like CAC, FTSE and Dax also rallied on the back of positive cues of rate cut by Fed. Sensex and Nifty gained by 1.47% and 2.03%. CD, PSU and Oil & Gas gained 7.44%, 5.03% and 3.30% respectively. The rest of the sectors also managed to close in green. During the trading session we expect the market to be trading with a positive trend.

The BSE Sensex closed higher by 144.59 points at 9,976.98 and NSE Nifty ended up by 60.55 points at 3,041.75. The BSE Mid Caps and Small Caps ended with good gains of 79.14 points and 117.56 points at 3,244.21 and 3,776.65 respectively. The BSE Sensex touched intraday high of 10,009.21 and intraday low of 9,790.31.

On Tuesday, the US markets closed in red. Despite the financial giant posted worst than expected quarterly results the markets managed to close in green on the back of the FOMC’s decision to reduce the key lending rates to 0 to 0.25%. The FOMC has stated that it is targeting to reduce the Fed’s fund rate to 0 to 0.25%. The November CPI has also declined below the expectations by 1.7%. On the other hand there are also rumors about automaker’s bailout which could be announced today. Crude oil futures for the month of January delivery fell $0.91 to $43.60 per barrel on New York Mercantile Exchange. The crude futures dropped to a low to $42.56 a barrel in the electronic trading on the back of the Federal Reserve''s comprehensive easing steps and gloomy economic outlook overtook expectations that the Organization of Petroleum Exporting Countries will cut member nations'' production quotas.

The Dow Jones Industrial Average (DJIA) closed higher with 359.61 points at 8,924.14 NASDAQ index gained 81.55 points at 1,589.89 and the S&P 500 (SPX) also closed higher by 44.61 points to close at 913.18 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 0.80% and Wipro also gained by 3.78% followed by Satyam that lost a whopping 54.58% and Patni Computers closing high by 2.38%. In banking sector ICICI Bank gained 11.07%, while HDFC Bank gained 11.63%. In telecommunication sector, Tata Communication inclined by 11.52%, while MTNL inclined by 1.80%.

Today the major stock markets in Asia opened positive. The Shanghai Composite is trading high by 24.92 at 1,999.93 Hang Seng is high by 168.16 points at 15,298.37. Further Japan''s Nikkei is high by 8.67 points at 8,576.69. South Korea’s Seoul Composite is low by 1.11 points at 1,160.45 and Singapore’s Strait Times is high by 10.38 points at 1,792.47.

The FIIs on Tuesday stood as net buyers in equity and net sellers in debt. Gross equity purchased stood at Rs 1798.60 Crore and gross debt purchased stood at Rs 113.40 Crore, while the gross equity sold stood at Rs 1559.20 Crore and gross debt sold stood at Rs 161.50 Crore. Therefore, the net investment of equity and debt reported were Rs 239.40 Crore and Rs (48.10) Crore respectively.

On Tuesday Indian Rupee closed at 47.92/93 a dollar, 0.3% stronger than Monday''s close of 48.05/06. The rallies in the capital markets have helped the Rupee gain strength despite huge demand for dollars by state run banks on behalf of Oil refineries.

On BSE, total number of shares traded were 37.80 Crore and total turnover stood at Rs 4,149.73 Crore. On NSE, total number of shares traded were 77.61 Crore and total turnover was Rs 11,116.37 Crore.

Top traded volumes on NSE Nifty – Unitech with 47429681 shares, Suzlon Energy with total volume traded 42000652 shares, followed by SAIL with 20463821 shares, Reliance Petro with 17131397 shares and DLF with 12238912 shares.

On NSE Future and Options, total number of contracts traded in index futures was 861407 with a total turnover of Rs 12,045.03 Crore. Along with this total number of contracts traded in stock futures were 997927 with a total turnover of Rs 10,548.77 Crore. Total numbers of contracts for index options were 1055038 with a total turnover of Rs 15,790.09 Crore and total numbers of contracts for stock options were 67880 and notional turnover was Rs 789.07 Crore.

Today, Nifty would have a support at 2,950 and resistance at 3,105 and BSE Sensex has support at 9,819 and resistance at 10,225.

Pre Session Market - Dec 16, 2008

Today we expect the market to open positive however later it may also turn volatile. The Asian markets have opened mixed and US markets closed in red. The sentiments across the broader markets may dwindle along with the southward movements in Asian markets. Yesterday the domestic markets pared off its early gains showing little sign of insecurity and skepticism amongst investors. The markets may be range bound today as there is hardly any news to drive the markets. As such investors may try to secure their positions with little risk.

On Monday, the markets opened with phenomenal positive gap. The sentiments across the Asian markets were bullish and the domestic trend retained its firmness till the end. Realty and Metal kept the rally high. The Advance tax numbers were also satisfactory and hence pumped more confidence amongst investors. Nifty after a long time broke the 3000 mark but later could not sustain the selling pressures. Sensex and Nifty gained by 1.47% and 2.05%. Realty, Metal, CD and PSU gained 5.53%, 5.19% 4.90% and 3.49% respectively. During the trading session we expect the market to be trading range bound with negative bias.

The BSE Sensex closed higher by 142.32 points at 9,832.39 and NSE Nifty ended up by 59.85 points at 2,981.20. The BSE Mid Caps and Small Caps ended with good gains of 114.59 points and 128.13 points at 3,165.07 and 3,659.09 respectively. The BSE Sensex touched intraday high of 9,948.33 and intraday low of 9,749.29.

On Monday, the US markets closed in red. The fate of the three Auto makers still looms in the dark despite White House signaled that a relief plan would be on the way. Market participants were also skeptic about the FOMC rate decisions. On the other hand FOMC is looking to induce economic growth through rate cuts. As such, fed funds futures imply a reduction to the fed funds target rate is certain. There is currently a 66% implied probability the target rate will be cut to 0.25% from 1.00%. There is a 34% implied probability the rate will be cut to 0.5%. Crude oil futures for the month of January delivery fell $1.77 to $44.51 per barrel on New York Mercantile Exchange. The crude oil fell because traders were skeptic that the production cut by OPEC would hardly support the price of oil.

The Dow Jones Industrial Average (DJIA) closed lower with 65.15 points at 8,564.53 NASDAQ index lost 32.38 points at 1,508.34 and the S&P 500 (SPX) also closed lower by 11.16 points to close at 868.57 points.

Indian ADRs ended negative. In technology sector, Infosys lost by 1.40% and Wipro also dropped by 3.14% followed by Satyam that lost 0.87% and Patni Computers closing high by 1.20%. In banking sector ICICI Bank lost 2.14%, while HDFC Bank lost 2.30%. In telecommunication sector, Tata Communication declined by 5.25%, while MTNL inclined by 0.91%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 36.28 at 1,928.15 Hang Seng is high by 169.67 points at 15,216.62. Further Japan''s Nikkei is low by 77.41 points at 8,587.25. South Korea’s Seoul Composite is high by 2.11 points at 1,160.30 and Singapore’s Strait Times is low by 0.99 points at 1,773.77.

The FIIs on Monday stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs 1527.00 Crore and gross debt purchased stood at Rs 876.50 Crore, while the gross equity sold stood at Rs 1633.40 Crore and gross debt sold stood at Rs 239.70 Crore. Therefore, the net investment of equity and debt reported were Rs (106.40) Crore and Rs 636.80 Crore respectively.

On Monday Indian Rupee gained strength at 48.05/06 a dollar, 0.8% stronger than Friday''s close of 48.43/45. The phenomenal gain in the capital markets helped the Rupee gain strength despite huge demand for Dollars from the Oil refineries. Traders are optimistic about foreign capital inflow due to bullish sentiments prevailing now.

On BSE, total number of shares traded were 40.02 Crore and total turnover stood at Rs 4,381.42 Crore. On NSE, total number of shares traded were 81.84 Crore and total turnover was Rs 11,077.60 Crore.

Top traded volumes on NSE Nifty – Unitech with 65792850 shares, Suzlon Energy with total volume traded 33194570 shares, followed by Reliance Petro with 29003569 shares, SAIL with 16260024 shares and DLF with 15485141 shares.

On NSE Future and Options, total number of contracts traded in index futures was 8,28641 with a total turnover of Rs 11,461.31 Crore. Along with this total number of contracts traded in stock futures were 10,09116 with a total turnover of Rs 10,568.19 Crore. Total numbers of contracts for index options were 9,95270 with a total turnover of Rs 14,810.87 Crore and total numbers of contracts for stock options were 72552 and notional turnover was Rs 805.49 Crore.

Today, Nifty would have a support at 2,910 and resistance at 3,055 and BSE Sensex has support at 9,665 and resistance at 9,998.

Pre Session Market - Dec 15, 2008

Today we expect the market to open positive as other Asian markets are trading with strong positive trend. Despite the bad IIP numbers which stood as negative 0.4% as compared to 4.8% of earlier month, the markets showed good recovery towards the end trading session on Friday. The forex reserves have also fallen by $1.83 billion to $245.86 billion for the week ended December 5. The host of government relief packages seems to have been working as investors are showing some bullish sentiments. Hence we anticipate a good trend during today’s trading session.

On Friday, the markets opened with a negative gap and later managed to pare off the losses to end in green. The bad news of the senate not accepting the US bail out for US Auto makers brought sharp bearishness and fear across markets. The trading was no less than similar to the previous trading day where the markets moved to its full stretch on the south and north zone. The worst than expected IIP numbers pulled the sentiments. Later the rally happened in Reliance stocks which helped markets to end in green. Sensex and Nifty gained by 0.46% and %. Realty, CD, Oil & Gas and Bankex gained 3.94%, 2.93% 2.34% and 1.20% respectively. During the trading session we expect the market to be trading in a positive trend.

The BSE Sensex closed higher by 44.61 points at 9,690.07 and NSE Nifty ended slightly up by 1.20 points at 2,921.35. The BSE Mid Caps and Small Caps ended with gains of 47.40 points and 87.37 points at 3,050.48 and 3,530.96 respectively. The BSE Sensex touched intraday high of 9,745.51 and intraday low of 9,281.89.

On Friday, the US markets closed in green despite disrupting news. The Senate voted against the $14 billion bailout plan for the Auto makers. While the White House is also considering some possibility of using TARP funds in place of plan. After this news General Motors is implementing the plan to cut down its major production. The retail sales for the month of November fell by 1.8%. The drop in the consumer spending is likely to affect the GDP results. Crude oil futures for the month of January delivery fell $1.70 to $46.28 per barrel on New York Mercantile Exchange. The crude futures slipped to a low to $43.28 a barrel but managed to end above the day''s low as the Treasury Department said it would lend funds to the auto industry after a rescue plan collapsed in the Senate on Thursday night.

The Dow Jones Industrial Average (DJIA) closed higher with 64.59 points at 8,629.68 NASDAQ index gained 32.84 points at 1,540.72 and the S&P 500 (SPX) also closed higher by 6.14 points to close at 879.73 points.

Indian ADRs ended positive. In technology sector, Infosys gained by 1% and Wipro ended high by 2.41% followed by Satyam that gained 3.60% and Patni Computers closing high by 3.56%. In banking sector ICICI Bank gained 4.91%, while HDFC Bank gained by 5.89%. In telecommunication sector, Tata Communication inclined by 1.92%, while MTNL inclined by 4.75%.

Today the major stock markets in Asia opened positive. The Shanghai Composite is trading high by 8.38 at 1,962.60 Hang Seng is high by 453.26 points at 15,211.65. Further Japan''s Nikkei is high by 426.14 points at 8,662.01. South Korea’s Seoul Composite is high by 48.53 points at 1,152.35 and Singapore’s Strait Times is high by 37.64 points at 1,777.98.

The FIIs on Friday stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs 2078.80 Crore and gross debt purchased stood at Rs 591.80 Crore, while the gross equity sold stood at Rs 1745.40 Crore and gross debt sold stood at Rs 961.10 Crore. Therefore, the net investment of equity and debt reported were Rs 333.30 Crore and Rs (369.20) Crore respectively.

On Friday Indian rupee weakened on lower IIP data offering evidence of a rapid economic slowdown. Rupee settled at 48.43/45 a dollar, 0.2% down than Thursday''s close of 42.33/34 but off the low of 49.

On BSE, total number of shares traded were 40.08 Crore and total turnover stood at Rs 4,486.93 Crore. On NSE, total number of shares traded were 80.59 Crore and total turnover was Rs 11,186.43 Crore.

Top traded volumes on NSE Nifty – Unitech with 44597294 shares, Suzlon Energy with total volume traded 38338499 shares, followed by Reliance Petro with 25656378 shares, DLF with 19396753 shares and SAIL with 15308173 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1064562 with a total turnover of Rs 14,136.13 Crore. Along with this total number of contracts traded in stock futures were 1082695 with a total turnover of Rs 10,890.81 Crore. Total numbers of contracts for index options were 1040542 with a total turnover of Rs 15,163.20 Crore and total numbers of contracts for stock options were 81360 and notional turnover was Rs 888.02 Crore.

Today, Nifty would have a support at 2,955 and resistance at 3,045 and BSE Sensex has support at 9,610 and resistance at 9,980.

Pre Session Market - Dec 12, 2008

Today we expect the market to open with a negative gap as US markets have closed in red and other Asian markets opened with heavy blood bath. The IIP numbers to be announced today will also play an important role in the markets sentiments. Amidst the insecure feeling and cautious approach one would witness some early losses in the day’s trade. The feelings across the globe are bearish and hence investors would have to be very cautious in their holdings.

On Thursday, the markets moved highly volatile however later managed to end flat. The sentiments were not as strong as in the previous day and later during the trading session it collapsed by nearly 200 points. Asian markets were also trading volatile coupled with the European markets, which ended in red. Towards the end the good inflation numbers helped the markets pare off its losses and managed to close flat. Sensex and Nifty gained by 5.37% and 5.18%. Realty, Oil & Gas and Metal gained 2.12%, 1.67% and 1.37% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed marginally lower by 9.44 points at 9,645.46 and NSE Nifty ended slightly down by 8.10 points at 2,920.15. The BSE Mid Caps and Small Caps ended with gains of 54.84 points and 48.14 points at 3,003.08 and 3,443.59 respectively. The BSE Sensex touched intraday high of 9,746.01 and intraday low of 9,441.97.

Inflation for the week ended 29th November 2008, stood at 8% as compared to 8.4% of the previous week. It was 3.89% during the corresponding week last year. Inflation rate for primary articles, which has a weight of 22% in the index number, fell to 11.66% in the reported week as compared to 11.98% in the previous week.

On Thursday, the US markets closed negative as the macro economic data pulled the sentiments. The U.S. House of Representatives approved yesterday a $14 billion plan to aid Ford, General Motors, and Chrysler, but the plan is encountering resistance in the Senate. On the other hand October trade deficit climbed to $57.2 billion from $56.6 billion as the exports dropped significantly. Initial jobless claims for the week ended December 6 increased 58,000 to 573,000. Continuing claims increased to 4.43 million from 4.09 million. Crude oil futures for the month of January delivery grew $4.46 to $47.98 per barrel on New York Mercantile Exchange. The crude futures soared on the back of sharp weakness in the dollar and expectations that the Organization of Petroleum Exporting Countries will deliver a significant production cut next week.

The Dow Jones Industrial Average (DJIA) closed lower with 196.33 points at 8,565.09 NASDAQ index lost 57.60 points at 1,507.88 and the S&P 500 (SPX) also closed lower by 25.65 points to close at 873.59 points.

Indian ADRs ended mixed. In technology sector, Infosys lost by 4.35% and Wipro ended low by 3.24% followed by Satyam that gained 0.0.08% and Patni Computers closing low by 3.93%. In banking sector ICICI Bank lost 0.71%, while HDFC Bank gained by 1.68%. In telecommunication sector, Tata Communication inclined by 0.66%, while MTNL inclined by 1.28%.

Today the major stock markets in Asia opened with heavy blood bath. The Shanghai Composite is trading low by 39.04 at 1,992.64 Hang Seng is low by 803.88 points at 14,810.02. Further Japan''s Nikkei is low by 110.37 points at 8,610.18. South Korea’s Seoul Composite is low by 31.25 points at 1,123.18 and Singapore’s Strait Times is low by 62.12 points at 1,732.04.

The FIIs on Thursday stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs 2603.20 Crore and gross debt purchased stood at Rs 102.40 Crore, while the gross equity sold stood at Rs 1614.80 Crore and gross debt sold stood at Rs 555.40 Crore. Therefore, the net investment of equity and debt reported were Rs 988.40 Crore and Rs (453.00) Crore respectively.

On Thursday, the partially convertible rupee ended at 48.33/34 per dollar as against 48.25 on Friday last week. The rupee ended stronger by 1.4% as there was unwinding of long dollar positions in the non-deliverable markets, which prompted banks to sell dollars in the spot market.

On BSE, total number of shares traded was Rs 38.58 Crore and total turnover stood at Rs 4,638.42 Crore. On NSE, total volume of shares traded was Rs 84.74 Crore and total turnover was Rs 12,074.93 Crore.

Top traded volumes on NSE Nifty – Unitech with 69099536 shares, Suzlon Energy with total volume traded 57853064 shares, followed by Reliance Petro with 25300006 shares, DLF with 22908063 shares and SAIL with 18876949 shares.

On NSE Future and Options, total number of contracts traded in index futures was 942024 with a total turnover of Rs 12,693.06 Crore. Along with this total number of contracts traded in stock futures were 1107143 with a total turnover of Rs 10,989.57 Crore. Total numbers of contracts for index options were 949555 with a total turnover of Rs 14,057.38 Crore and total numbers of contracts for stock options were 81593 and notional turnover was Rs 866.16 Crore.

Today, Nifty would have a support at 2,795 and resistance at 2,905 and BSE Sensex has support at 9,180 and resistance at 9,580.

Pre Session Market - Dec 11, 2008

Today markets are likely to open negative despite US markets have ended in green. However after phenomenal gains for the two consecutive trading days, today one could anticipate some profit booking pressures. Yesterday’s rally showed strong Bull Run but one cannot ignore the weak sentiments that still persist across the broader markets. Asian Markets have opened with blood bath and there are possibilities that domestic markets may follow the same trend. The sentiments won’t be that strong and hence volatility is likely to creep during the later trading session.

On Wednesday, the markets opened with a positive gap and managed to retain firmness till the end. The positive sentiments across Asian markets also helped boost the morale of investors as the trend in benchmark indices remained firm till the end. The volume of trades in benchmark indices was phenomenal and sectors like Metal, Oil, Telecom and Capital Goods witnessed huge buying. Sensex and Nifty gained by 5.37% and 5.18%. Realty, Metal, Oil & Gas and Capital Goods gained 12.56%, 8.38%, 6.97% and 4.51% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed with a gain of 492.28 points at 9,654.90 and NSE Nifty ended higher by 144.25 points at 2,928.25. The BSE Mid Caps and Small Caps ended with gains of 63.21 points and 52.25 points at 2,948.24 and 3,395.45. The BSE Sensex touched intraday high of 9,678.70 and intraday low of 9,280.16.

On Wednesday, the US markets closed positive on the back of huge bail out package for the US Auto makers. The White House confirmed that it has reached an agreement with congressional Democrats on a $15 billion aid package for U.S. automakers. The White House called the aid either a bridge to viability or a bridge to bankruptcy. The crude futures soared to a high of $46.17 a barrel on globex. The crude oil futures however ended below the intraday highs after the U.S. Energy Information Administration (EIA) reported that crude-oil inventories during the week ended Dec. 5 rose by 400,000 barrels to stand at 320.8 million barrels. Further, there was speculation that Saudi Arabia may implement a big production cut in January also added to the rally.

The Dow Jones Industrial Average (DJIA) closed higher with 70.09 points at 8,761.42 NASDAQ index gained 18.14 points at 1,565.48 and the S&P 500 (SPX) also closed higher by 10.57 points to close at 899.24 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 0.56% and Wipro ended high by 1.17% followed by Satyam that gained 0.49% and Patni Computers closing high by 2.99%. In banking sector ICICI Bank gained 8.68%, while HDFC Bank gained by 3.26%. In telecommunication sector, Tata Communication inclined by 8.68%, while MTNL inclined by 4.70%.

Today the major stock markets in Asia opened negative. The Shanghai Composite is trading low by 3.36 at 2,072.73 Hang Seng is low by 25.37 points at 15,552.37. Further Japan''s Nikkei is low by 64.67 points at 8,595.57. South Korea’s Seoul Composite is high by 10.83 points at 1,156.70 and Singapore’s Strait Times is low by 6.78 points at 1,814.92.

The FIIs on Wednesday stood as net buyers in equity and debt. Gross equity purchased stood at Rs 1,724.50 Crore and gross debt purchased stood at Rs 193.70 Crore, while the gross equity sold stood at Rs 1,264.20 Crore and gross debt sold stood at Rs 35.20 Crore. Therefore, the net investment of equity and debt reported were Rs 460.40 Crore and Rs 158.50 Crore respectively.

On Wednesday, the partially convertible rupee ended at 49.11 per dollar as against 49.58/59 on Friday last week. The rupee ended stronger by 0.20% as the stock markets witnessed a phenomenal rally.

On BSE, total number of shares traded was Rs 31.14 Crore and total turnover stood at Rs 4,180.57 Crore. On NSE, total volume of shares traded was Rs 72.70 Crore and total turnover was Rs 11,519.57 Crore.

Top traded volumes on NSE Nifty – Unitech with 92869953 shares, Suzlon Energy with total volume traded 48191834 shares, followed by SAIL with 26293865 shares, DLF with 26196390 shares and Tata Steel with 15661932 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1033254 with a total turnover of Rs 13,892.64 Crore. Along with this total number of contracts traded in stock futures were 986466 with a total turnover of Rs 9,817.12 Crore. Total numbers of contracts for index options were 1312292 with a total turnover of Rs 19,111.84 Crore and total numbers of contracts for stock options were 74492 and notional turnover was Rs 775.96 Crore.

Today, Nifty would have a support at 2,838 and resistance at 2,970 and BSE Sensex has support at 9,409 and resistance at 9,735.

Pre Session Market - Dec 10, 2008

Today markets are likely to open positive due to the feel good factor after the stimulus package announced on Sunday. However the risk aversion and cautious trading may trap the markets in volatility. There are also news that the Indian BPO industry which is estimated to be worth $11 billion may cut 2.5 lakh jobs in the first half of 2009, if the government doesn’t come out with a bailout package for the industry. The other sectors like realty are also under pressure due to fall in demand and high interest rates. Therefore the overall sentiments in the markets are not that strong enough to bring firmness. One could anticipate some volatility in the markets throughout the trading session.

On Monday, the markets opened with a positive gap and managed to retain firmness till the end. The government stimulus package worth Rs 30,700 crore and other host of reforms in the form of Repo and Reverse Repo cut by 100bps to 6.5% and 5% respectively has helped regain some charm in the sentiments of the markets. Sectors like Auto and Banking are benefited the most and investors are optimistic about some revamp happening in the demand for loans and automobiles. Sensex and Nifty gained by 2.20% and 2.56%. Realty, Metal, CD, Power and Banking gained 5.27%, 3.05%, 2.78%, 2.78% and 1.71% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed with a gain of 197.42 points at 9,162.62 and NSE Nifty ended higher by 69.60 points at 2,784.00. The BSE Mid Caps ended with a marginal loss of 7.92 points at 2,885.03, whereas Small Caps ended with gains of 19.66 points at 3,343.20. The BSE Sensex touched intraday high of 9,432.11 and intraday low of 9,095.70.

On Tuesday, the US markets closed negative due to risk aversion. Companies like Texas instruments and Fedex have given downside earnings estimate. On the macro economic level pending home sales fell in October by 0.07%, better than expected fall of 3.0%. On the other hand Auto makers were on the limelight as the White House is working out towards a financial aid agreement. Crude oil on New York Mercantile Exchange for January fell by $1.64 cents to $42.07 a barrel. Crude oil fell after the U.S. Department of Energy predicted a $51.17 per barrel average for 2009.

The Dow Jones Industrial Average (DJIA) closed lower with 242.85 points at 8,691.33 NASDAQ index lost 24.40 points at 1,547.34 and the S&P 500 (SPX) also closed lower by 21.03 points to close at 888.67 points.

Indian ADRs ended mixed. In technology sector, Infosys lost by 3.71% and Wipro ended high by 2.15% followed by Satyam that lost 1.62% and Patni Computers closing low by 1.22%. In banking sector ICICI Bank lost 3.33%, while HDFC Bank fell by 4.35%. In telecommunication sector, Tata Communication inclined by 3.18%, while MTNL declined by 1.65%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 31.83 at 2,005.91 Hang Seng is high by 329.56 points at 15,082.78. Further Japan''s Nikkei is high by 95.68 points at 8,491.55. South Korea’s Seoul Composite is high by 31.90 points at 1,137.74.

The FIIs on Monday stood as net buyers in equity and net sellers in debt. Gross equity purchased stood at Rs 1,182.10 Crore and gross debt purchased stood at Rs 151.90 Crore, while the gross equity sold stood at Rs 1,130.90 Crore and gross debt sold stood at Rs 315.70 Crore. Therefore, the net investment of equity and debt reported were Rs 51.20 Crore and Rs (163.80) Crore respectively.

On Monday, the partially convertible rupee ended at 49.58/59 per dollar as against 49.57/58 on Friday last week. The rupee remained flat today little changed from the previous day.

On BSE, total number of shares traded was Rs 24.70 Crore and total turnover stood at Rs 3,243.32 Crore. On NSE, total volume of shares traded was Rs 58.34 Crore and total turnover was Rs 9,418.98 Crore.

Top traded volumes on NSE Nifty – Unitech with 74370515 shares, Suzlon Energy with total volume traded 32557379 shares, followed by DLF with 20190887 shares, SAIL with 17677935 shares and Tata Steel with 16184726 shares.

On NSE Future and Options, total number of contracts traded in index futures was 988891 with a total turnover of Rs 12,949.04 Crore. Along with this total number of contracts traded in stock futures were 864948 with a total turnover of Rs 9,008.09 Crore. Total numbers of contracts for index options were 1137017 with a total turnover of Rs 16,423.50 Crore and total numbers of contracts for stock options were 59516 and notional turnover was Rs 670.54 Crore.

Today, Nifty would have a support at 2,715 and resistance at 2,843 and BSE Sensex has support at 8,950 and resistance at 9,328.

Pre Session Market - Dec 08, 2008

Today markets are likely to open positive on the back of fiscal stimulus announced by the government to help uplift the economy. RBI has also reduced the Repo and Reverse Repo rates by 100bps to 6.5% to 5% respectively. GOI has planned to pump in Rs 30,700 into the system to give the economy a boost in the current financial carnage happening around the world. Positive sentiments are likely to boost the morale of investors as a majority of measures have been taken to give a fillip to sectors worst affected. The Cenvat in Auto industry has been reduced by 4% which auto makers are planning to pass over the benefit to final consumers. One could anticipate some firm trend today amidst good feel factor.

On Friday, the markets opened positive, however during later trading session amidst extreme volatility it nose-dived into red. The markets moved 426.31 points showing extreme volatility in the southward and northward direction. The positive sentiments had pushed the markets in the green zone however the profit booking coupled with weak sentiments pulled the markets to low levels. Sensex and Nifty fell by 2.87% and 2.64%. CD, IT, Realty and Metal lost 4.37%, 4.36%, 3.50% and 3.42% respectively. During the trading session we expect the market to be trading firm with a positive trend.

The BSE Sensex closed with a loss of 264.55 points at 8,965.20 and NSE Nifty ended lower by 73.60 points at 2,714.40. The BSE Mid Caps and Small Caps ended with losses of 29.85 points and 8.26 points at 2,892.95 and 3,323.54. The BSE Sensex touched intraday high of 9,340.69 and intraday low of 8,914.38.

On Friday, the US markets closed positive despite the worst data of the job markets. The Federal Reserve has bought $5 billion of debt from Fannie Mae on the other hand General Motors and Chrysler is also asking congress for billion of dollars. The financial sector outperformed all other sectors throughout the session. On Saturday Crude oil on New York Mercantile Exchange for January rose by $1.67 to $42.48 a barrel. Crude oil rose for the first time in seven days in New York after the Organization of Petroleum Exporting Countries’ president said there was consensus for a “significant” production cut when the group meets next week.

The Dow Jones Industrial Average (DJIA) closed higher with 259.18 points at 8,635.42 NASDAQ index gained 63.75 points at 1,509.31 and the S&P 500 (SPX) also closed higher by 30.85 points to close at 876.07 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 3.80% and Wipro ended high by 4.71% followed by Satyam that gained 4.08% and Patni Computers closing high by 1.27%. In banking sector ICICI Bank gained 4.11%, while HDFC Bank rose by 9.65%. In telecommunication sector, Tata Communication declined by 1.58%, while MTNL declined by 4.45%.

Today the major stock markets in Asia opened positive. The Shanghai Composite is trading high by 53.18 at 2,071.83 Hang Seng is high by 991.41 points at 14,837.50. Further Japan''s Nikkei is high by 381.05 points at 8,298.56. South Korea’s Seoul Composite is high by 53.57 points at 1,081.7.

The FIIs on Friday stood as net buyers in equity and debt. Gross equity purchased stood at Rs 1779.50 Crore and gross debt purchased stood at Rs 897.50 Crore, while the gross equity sold stood at Rs 1,331.20 Crore and gross debt sold stood at Rs 255.70 Crore. Therefore, the net investment of equity and debt reported were Rs 448.30 Crore and Rs 641.70 Crore respectively.

On Friday, the partially convertible rupee ended at 49.57/58 per dollar, 0.6% stronger than Thursday’s close of 49.87/89. The rupee gained on expectations of rate cut.

On BSE, total number of shares traded was Rs 29.08 Crore and total turnover stood at Rs 3,755.84 Crore. On NSE, total volume of shares traded was Rs 67.30 Crore and total turnover was Rs 9,731.09 Crore.

Top traded volumes on NSE Nifty – Unitech with 101482509 shares, Suzlon Energy with total volume traded 45979606 shares, followed by ICICI Bank with 21857882 shares, DLF with 15536364 shares and SAIL with 15493951 shares.

On NSE Future and Options, total number of contracts traded in index futures was 975827 with a total turnover of Rs 12,348.65 crores. Along with this total number of contracts traded in stock futures were 988643 with a total turnover of Rs 9,410.58 Crore. Total numbers of contracts for index options were 1007387 with a total turnover of Rs 14,366.79 Crore and total numbers of contracts for stock options were 58779 and notional turnover was Rs 582.83 Crore.

Today, Nifty would have a support at 2,648 and resistance at 2,859 and BSE Sensex has support at 8,920 and resistance at 9,549.

Pre Session Market - Dec 05, 2008

Today markets are likely to open positive after yesterday’s firm trend. However during the later trading session one may witness some volatility amidst profit booking. The sentiments are not that too strong or firm to hold the bullishness. SEBI on the other hand has given specific notes for insider trading and also asked MFs to list the close ended schemes. On the macro economic front the NMDC has reduced the iron ore prices by 25% in order to boost the demand and maintain good business. The present scenario suggests a good feel factor for the markets due to government’s intervention to pump liquidity and safe guard the downturn.

OnThursday, the markets opened with nervous note but later picked high to close with phenomenal gains. The positive momentum came after there were anticipations about rate cuts form RBI along with new ECB norms that would bring influx of liquidity into the system. Despite poor performance in the European and other Asian markets, Sensex and Nifty managed to remain firm till the end. Sensex gained 5.51% whereas Nifty surged 4.95%. Realty, Metal, CG and Oil & Gas gained 12.44%, 7.93% and 6.91% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed with a phenomenal gain of 482.32 points at 9,229.75 and NSE Nifty ended higher by 131.55 points at 2,788.00. The BSE Mid Caps and Small Caps ended with gains of 92.21 points and 66.70 points at 2,922.80 and 3,331.80. The BSE Sensex touched intraday high of 9,245.06 and intraday low of 8,726.71.

On Thursday, the US markets closed in red territory. Energy suffered the steepest decline among the major economic sectors. It dropped 6.2% as oil also fell as much as 7.3% to trade as low as $43.36 per barrel. It has been nearly four years since oil futures traded so low. On the other hand the planned job cuts reflect the weak labor market. Initial claims for the week ended November 29 declined by 21,000 to 509,000. Though that was better than the consensus estimate of 540,000 claims, continuing claims jumped 89,000 to 4.09 million. Crude oil on New York Mercantile Exchange for January fell by $3.12 to $43.67 a barrel. It is the first time in 4 years on the back of demand worries amid an economy in recession.

The Dow Jones Industrial Average (DJIA) closed lower by 215.45 points at 8,376.24 NASDAQ index lost 46.82 points at 1,445.56 and the S&P 500 (SPX) also closed lower by 25.52 points to close at 845.22 points.

Indian ADRs ended mixed. In technology sector, Infosys fell by 5.45% and Wipro ended low by 6.46% followed by Satyam that lost 6.96% and Patni Computers closing low by 2.98%. In banking sector ICICI Bank gained 0.36%, while HDFC Bank fell by 1.23%. In telecommunication sector, Tata Communication inclined by 1.29%, while MTNL declined by 3.63%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 7.16 at 1,994.34 Hang Seng is high by 301.66 points at 13,810.84. Further Japan''s Nikkei is high by 71.07 points at 7,995.31. Straits Times is also trading high by 24.80 points at 1,668.48 and South Korea’s Seoul Composite is high by 21.85 points at 1,028.39.

The FIIs on Thursday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 875.50 Crore and gross debt purchased stood at Rs 174.50 Crore, while the gross equity sold stood at Rs 1,362.10 Crore and gross debt sold stood at Rs 193.60 Crore. Therefore, the net investment of equity and debt reported were Rs (486.60) Crore and Rs (19.10) Crore respectively.

On Thursday, the partially convertible rupee ended at 49.87/89 per dollar, 0.2% stronger than Wednesday’s close of 49.99/50. The rupee gathered strength as the rally on stock markets raised hopes of foreign capital inflows.

On BSE, total number of shares traded was Rs 30.02 Crore and total turnover stood at Rs 3,747.69 Crore. On NSE, total volume of shares traded was Rs 67.88 Crore and total turnover was Rs 9,712.84 Crore.

Top traded volumes on NSE Nifty – Unitech with 95421116 shares, Suzlon Energy with total volume traded 51179906 shares, followed by SAIL with 19350395 shares, DLF with 16145192 shares and Tata Steel with 12974753 shares.

On NSE Future and Options, total number of contracts traded in index futures was 897780 with a total turnover of Rs 11,303.93 crores. Along with this total number of contracts traded in stock futures were 977469 with a total turnover of Rs 9,094.49 Crore. Total numbers of contracts for index options were 926356 with a total turnover of Rs 13,082.6 Crore and total numbers of contracts for stock options were 66266 and notional turnover was Rs 642.91 Crore.

Today, Nifty would have a support at 2,728 and resistance at 2,879 and BSE Sensex has support at 8,990 and resistance at 9,455.

Pre Session Market - Dec 04, 2008

Today Markets are likely to open positive as US markets have ended in green and major other Asian Markets have opened with remarkable gains. Today inflation numbers are anticipated to be moderate and favourable. The government has also announced a bail out package of Rs 17,000 crore for the infrastructure and export oriented units. Further the auto sector is also on the list of consideration hence one could see the cut in excise duty. The RBI may also cut the repo and other rates to pump liquidity into the markets and also ease off the ECB norms. On the midst of positive scenario, today the markets may trade with a positive momentum; however one cannot completely ignore the volatility to creep in at later trading session.

On Wednesday, the markets opened positive but turned volatile. There was not enough support from the bulls as the sentiments looked very weak despite positive cues from Asian and European markets. The volatility continued throughout the session however towards the end Sensex and Nifty closed flat. Metal and Realty picked up 3.39% and 3.34% however IT and Tech fell by 3.08% and 2.16% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed high by 8.19 points at 8,747.43 and NSE Nifty ended lower by 1.35 points at 2,656.45. The BSE Mid Caps and Small Caps ended with gains of 25.26 points and 12.69 points at 2,830.59 and 3,265.10. The BSE Sensex touched intraday high of 8,8541.81 and intraday low of 8,601.41.

On Wednesday, the US markets closed with phenomenal gains. The mortgage applications are rising as rates have come down. The Fed’s Beige book also indicates some signs of improvement in lending. The Non-farm private employment dropped by 2,50,000 in November. The homebuilders have also shown some strength as the government has planned to utilize the $500 billion to support the mortgage market. Crude oil on New York Mercantile Exchange for January fell by 17 cents to $46.79 a barrel. A report from the Energy Information Administration showed a surprise drop of 400,000 barrels of crude oil stockpiles.

The Dow Jones Industrial Average (DJIA) closed higher by 270 points at 8,419.09 NASDAQ index gained 51.73 points at 1,449.80 and the S&P 500 (SPX) also closed higher by 32.60 points to close at 848.81 points.

Indian ADRs ended mixed. In technology sector, Infosys fell by 0.90% and Wipro ended high by 1.95% followed by Satyam that gained by 2.43% and Patni Computers closing high by 0.35%. In banking sector ICICI Bank gained 5.61%, while HDFC Bank gained 2.60%. In telecommunication sector, Tata Communication inclined by 6.82%, while MTNL inclined by 1%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading high by 68.01 at 2,033.42 Hang Seng is high by 179.22 points at 13,767.88. Further Japan''s Nikkei is low by 76.36 points at 7,927.74. Straits Times is also trading high by 25.56 points at 1,666.13 and South Korea’s Seoul Composite is low by 6.62 points at 1,016.05.

The FIIs on Wednesday stood as net sellers in equity and net buyers in debt. Gross equity purchased stood at Rs 855.90 Crore and gross debt purchased stood at Rs 401.90 Crore, while the gross equity sold stood at Rs 1175.50 Crore and gross debt sold stood at Rs 166.40 Crore. Therefore, the net investment of equity and debt reported were Rs (319.60) Crore and Rs 235.50 Crore respectively.

On Wednesday, the partially convertible rupee ended at 50.00/02 per dollar, 0.15 paise stronger than Tuesday’s close of 50.15/16. The rupee gained some strength on anticipations of foreign capital inflow due to rising Asian Markets.

On BSE, total number of shares traded was Rs 22.57 Crore and total turnover stood at Rs 2,955.08 Crore. On NSE, total volume of shares traded was Rs 52.84 Crore and total turnover was Rs 8,286.23 Crore.

Top traded volumes on NSE Nifty – Unitech with 70848820 shares, Suzlon Energy with total volume traded 27667581 shares, followed by DLF with 13565653 shares, NTPC with 12503705 shares and ICICI Bank with 10538908 shares.

On NSE Future and Options, total number of contracts traded in index futures was 970593 with a total turnover of Rs 11,786.62 crores. Along with this total number of contracts traded in stock futures were 834014 with a total turnover of Rs 8,103.39 Crore. Total numbers of contracts for index options were 947849 with a total turnover of Rs 13,209.56 Crore and total numbers of contracts for stock options were 46322 and notional turnover was Rs 506.66 Crore.

Today, Nifty would have a support at 2,595 and resistance at 2,700 and BSE Sensex has support at 8,590 and resistance at 8,915.

Pre Session Market - Dec 03, 2008

Today Markets are likely to open with a positive gap as US markets have rolled back into phenomenal gains and Asian markets are also moving positive. The consecutive fall in the markets are now likely to pare off losses and gain some momentum during the day’s trading. However volatility may creep during the later trading session amidst profit booking and cautious sentiments. On the macro economic front, there are anticipations that the government may reduce the interest rates and bring some incentives to propel the exports. The current political drama in the country may not hamper the market sentiments to that extent but any major political news could influence.

On Tuesday, the markets opened with a negative gap as anticipated due to global markets meltdown. The fall in the markets was inevitable due to the fact that US recession was officially stated. Throughout the day markets were looming in deep red until the evening session when it managed to pair off some losses. The Asian and European markets also traded with weak sentiments due to US economy concerns. The Sensex closed with a loss of 1.14% whereas, Nifty shed 0.94% respectively. Auto, CD, Oil & Gas and IT fell by 3.04%, 2.61%, 2.45% and 2.27% respectively. During the trading session we expect the market to be trading in green.

The BSE Sensex closed low by 100.63 points at 8,739.24 and NSE Nifty ended lower by 25.10 points at 2,657.80. The BSE Mid Caps and Small Caps ended with losses of 41.14 points and 45.32 points at 2,805.33 and 3,252.41. The BSE Sensex touched intraday high of 8,785.04 and intraday low of 8,467.43.

On Tuesday, the US markets rolled back to end in green. After a brutal hack on Monday the US markets gained some momentum. General Electric performed well as the company’s fourth quarter earnings is anticipated to be better than expected. General Motors also gained on the back of news that the company has asked for a bail out plan of $12 billion term loan and $6 billion of credit in case the downturn persist. The Fed has also stated that it would extend three liquidity facilities through April 30, 2009 to liquidate the shrunken financial market. Crude oil on New York Mercantile Exchange for January fell by $2.32 to $46.96 a barrel. Investors are of the fear that the world wide recession would bring down the oil consumption and demand to low levels.

The Dow Jones Industrial Average (DJIA) closed higher by 270 points at 8,419.09 NASDAQ index gained 51.73 points at 1,449.80 and the S&P 500 (SPX) also closed higher by 32.60 points to close at 848.81 points.

Indian ADRs ended in green. In technology sector, Infosys gained by 3.47% and Wipro ended high by 3.09% followed by Satyam that ended gained by 4.49% and Patni Computers closing high by 4.80%. In banking sector ICICI Bank gained 7.14%, while HDFC Bank gained 6.08%. In telecommunication sector, Tata Communication inclined by 1.73%, while MTNL inclined by 5.63%.

Today the major stock markets in Asia opened positive. The Shanghai Composite is trading high by 26.26 at 1,915.90 Hang Seng is high by 241.63 points at 13,647.48. Further Japan''s Nikkei is high by 77.29 points at 7,940.98. Straits Times is also trading high by 24.38 points at 1,663.56 and South Korea’s Seoul Composite is high by 0.46 points at 1,023.66.

The FIIs on Tuesday stood as net buyer in equity and net sellers in debt. Gross equity purchased stood at Rs 1663.30 Crore and gross debt purchased stood at Rs 322.30 Crore, while the gross equity sold stood at Rs 1509.40 Crore and gross debt sold stood at Rs 573.60 Crore. Therefore, the net investment of equity and debt reported were Rs 153.90 Crore and Rs (251.30) Crore respectively.

On Tuesday, the partially convertible rupee ended at 50.15/16 per dollar, 0.3% stronger than Monday''s close of 50.30/32. The rupee gained some strength after central bank’s intervention and dollar sales by private and foreign banks.

On BSE, total number of shares traded was Rs 21.09 Crore and total turnover stood at Rs 2,603.16 Crore. On NSE, total volume of shares traded was Rs 46.81 Crore and total turnover was Rs 7,607.78 Crore.

Top traded volumes on NSE Nifty – Unitech with 70848820 shares, Suzlon Energy with total volume traded 27667581 shares, followed by DLF with 13565653 shares, NTPC with 12503705 shares and ICICI Bank with 10538908 shares.

On NSE Future and Options, total number of contracts traded in index futures was 984552 with a total turnover of Rs 11,892.69 crores. Along with this total number of contracts traded in stock futures were 804707 with a total turnover of Rs 7,773.47 Crore. Total numbers of contracts for index options were 953447 with a total turnover of Rs 13,351.32 Crore and total numbers of contracts for stock options were 43349 and notional turnover was Rs 454.01 Crore.

Today, Nifty would have a support at 2,595 and resistance at 2,788 and BSE Sensex has support at 8,690 and resistance at 9,050.

Pre Session Market - Dec 02, 2008

Today Markets are likely to open with a negative gap as US markets have shattered brutally and other Asian markets.have also opened with blood bath. The US economy has been under recession since December 2007 and many economic reforms taking place now has a minimal effect. Markets would follow the trend prevailing in other Asian and European markets. Hence once could anticipate thin trading today with a negative trend.

On Monday, the markets opened with positive gains but could not hold the firmness due to profit booking. After the post mid session, the markets nose dived into the red territory showing signs of huge volatility. The European markets also opened with heavy sell-off and therefore majority of Asian markets followed that trend. Domestic auto sales numbers for the month of November were very weak and hence companies like Matuti Suzuki, Hero Honda, M&M and Tata Motors fell drastically. Sensex closed with a loss of 2.78% whereas, Nifty shed 2.62% respectively. Realty, Auto, CD and Bankex felt the selling heat as they slashed by 5.347%, 4.64%, 4.47% and 3.87% respectively. During the trading session we expect the market to be trading in deep red.

The BSE Sensex closed low by 252.85 points at 8,839.87 and NSE Nifty ended lower by 72.20 points at 2,682.90. The BSE Mid Caps and Small Caps ended with losses of 39.29 points and 6.88 points at 2,846.47 and 3,297.73. The BSE Sensex touched intraday high of 9,326.68 and intraday low of 8,803.34.

On Monday, the US markets were brutally shattered as US economy has officially entered into recession since December 2007. The November ISM Index, a national manufacturing survey, declined to 36.2 from the October reading of 38.9. This was worse than the consensus estimate of 37.0 and, represents the most contraction in U.S. manufacturing since 1982. US Fed Reserve chairman Ben Bernanke said that US economy remains under stress despite bailouts and efforts of policy makers. Crude oil on New York Mercantile Exchange for January fell 84 cents to $48.44 a barrel. OPEC has postponed cutting the oil production till the next meeting.

The Dow Jones Industrial Average (DJIA) closed lower by 679.95 points at 8,149.09 NASDAQ index lost 137.50 points at 1,398.07 and the S&P 500 (SPX) also closed lower by 80.03 points to close at 816.21 points.

Indian ADRs ended in red. In technology sector, Infosys lost by (6.12%) and Wipro ended low by (14.29%) followed by Satyam that ended low by (7.23%) and Patni Computers closing low by (7.35%). In banking sector ICICI Bank was low by (13.48%), while HDFC Bank lost (11.15%). In telecommunication sector, Tata Communication declined by (5.49%), while MTNL declined by (4.38%).

Today the major stock markets in Asia opened with negative gap. The Shanghai Composite is trading flat at 1,895.28 Hang Seng is low by 607.46 points at 13,501.38. Further Japan''s Nikkei is low by 348.84 points at 8,048.38. Straits Times is also trading low by 30.46 points at 1,659.77 and South Korea’s Seoul Composite is low by 25.70 points at 1,032.92

The FIIs on Monday stood as net buyer in equity and in debt. Gross equity purchased stood at Rs 2157.60 Crore and gross debt purchased stood at Rs 285.80 Crore, while the gross equity sold stood at Rs1738.20 Crore and gross debt sold stood at Rs0.0 Crore. Therefore, the net investment of equity and debt reported were Rs 419.40 Crore and Rs 285.80 Crore respectively.

On Monday, the partially convertible rupee ended at 50.30/32 per dollar, 0.4% weaker than Friday''s close of 50.09/12. The rupee dropped towards a recent low on account of losses in domestic equity market, but state-run banks restricted losses by selling dollars.

On BSE, total number of shares traded was Rs 19.58 Crore and total turnover stood at Rs 2,396.44 Crore. On NSE, total volume of shares traded was 49.62 Crore and total turnover was Rs 8,392.15 Crore.

Top traded volumes on NSE Nifty – Unitech with 66973342 shares, Suzlon Energy with total volume traded 27145898 shares, followed by DLF with 12186377 shares, ICICI Bank with 12106105 shares and Reliance Comm with 10676023 shares.

On NSE Future and Options, total number of contracts traded in index futures was 933001 with a total turnover of Rs 11,969.41 crores. Along with this total number of contracts traded in stock futures were 737864 with a total turnover of Rs 7,363.52 Crore. Total numbers of contracts for index options were 848463 with a total turnover of Rs 12,386.26 Crore and total numbers of contracts for stock options were 39138 and notional turnover was Rs 436.25 Crore.

Today, Nifty would have a support at 2,485 and resistance at 2,588 and BSE Sensex has support at 8,448 and resistance at 8,685.

Pre Session Market - Dec 01, 2008

Today Markets are likely to open negative as majority of Asian markets opened with blood bath and the sentiments across domestic markets are very fragile. The GDP numbers for the second quarter is better than expected at 7.6%. However economists are skeptic about the next two quarters’ GDP and hence once could anticipate further rate cuts from RBI to pump in more money into economy. However today one could see some cautiousness amongst investors and hence we expect the markets to be trading volatile.

On Friday, the domestic markets managed to close in green territory. The trade was not in its full swing as the markets hardly moved 250 points. The sentiments were weak and therefore since the opening, the markets moved volatile. However towards the end the markets closed flat with marginal gains. Sensex ended with a gain of 0.73% whereas, Nifty closed with a gain of 0.10% respectively. IT, Teck and Auto gained by 3.67%, 2.45% and 1.43% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed high by 66.00 points at 9,092.72 and NSE Nifty ended up by 2.85 points at 2755.10. The BSE Mid Caps ended with a marginal gain of 8.38 points however Small Caps closed with losses of 10.28 points at 2,885.76 and 3,304.61. The BSE Sensex touched intraday high of 9,157.62 and intraday low of 8,889.18.

On Friday, the US markets closed managed to end with marginal gains. The session started with choppy trade, however later towards the end 10 economic sectors helped the markets close positive. The Citi group made impressive gains during the session on the back of recent government intervention. Global hand set maker Nokia has decided not to sell mobile phones in Japan, except for the high end models. It has also stated that its global sales would slow down amidst weak consumer spending. General Motors is also planning to divest its certain brands such as Saturn, Pontiac and Saab in order to save money and reduce the overlap. Crude oil on New York Mercantile Exchange for January fell by $1.47 or 2.7% to $52.96 a barrel. The fall in demand of oil has led to weak oil prices.

The Dow Jones Industrial Average (DJIA) closed higher by 247.14 points at 8,726.61 NASDAQ index gained 67.37 points at 1,532.10 and the S&P 500 (SPX) also closed higher by 30.29 points to close at 887.68 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 3.46% and Wipro ended high by 1.20% followed by Satyam that ended high by 0.87% and Patni Computers closing high by 3.47%. In banking sector ICICI Bank was high by 7.80%, while HDFC Bank gained 5.54%. In telecommunication sector, Tata Communication declined by 4.57%, while MTNL declined by 2.94%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading high by 8.84 at 1,880.00 Hang Seng is high by 260.83 points at 14,149.07. Further Japan''s Nikkei is low by 137.27 points at 8,375.00. Straits Times is also trading low by 16.68 points at 1,715.89 and South Korea’s Seoul Composite is low by 2.68 points at 1,073.39

The FIIs on Friday stood as net sellers in equity and net buyers in debt. The Gross equity purchased stood at Rs 1,278.90 Crore and gross debt purchased stood at Rs 1,053.30 Crore, while the gross equity sold stood at Rs 1,714.90 Crore and gross debt sold stood at Rs 6.70 Crore. Therefore, the net investment of equity and debt reported were (Rs 436.00) Crore and Rs 1,046.60 Crore respectively.

On Friday, the partially convertible rupee ended at 50.09/12 per dollar, weaker by 1.2% on Wednesday’s closing at 49.48/50. The rupee is further anticipated to weak with negative sentiments across Asia and other markets.

On BSE, total number of shares traded was Rs 19.58 Crore and total turnover stood at Rs 2,396.44 Crore. On NSE, total volume of shares traded was 56.78 Crore and total turnover was Rs 9,753.70 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 1211098 with a total turnover of Rs 15,8720.76 crores. Along with this total number of contracts traded in stock futures were 1348858 with a total turnover of Rs 13,908.96 Crore. Total numbers of contracts for index options were 1046012 with a total turnover of Rs 14,739.52 Crore and total numbers of contracts for stock options were 36061and notional turnover was Rs 430.42 Crore.

Today, Nifty would have a support at 2,615 and resistance at 2,810 and BSE Sensex has support at 8,815 and resistance at 9,360.

Pre Session Market - Nov 28, 2008

Today markets are likely to open with a negative gap amidst concerns over the terrorist attack in the financial capital, Mumbai. The operation to flush out the terrorist is not yet over and hence the sentiments of trading would be very low. One could anticipate a thin trade today due to weak sentiments. Overall the roll over contracts today would decide the further sentiments of trading. After a negative opening in the morning we also anticipate a bounce back later. The inflation numbers look soft at 8.84% lower by 6bps from 8.90% in the week earlier.

On Wednesday, domestic markets managed to end with green numbers despite volatile trading session. The investors were optimistic on a rate cut from RBI as China''s central bank cut banks'' benchmark lending and deposit rates by 108bps, the fourth cut since mid-September. The one-year bank loans will fall to 5.58% from 6.66%, while the benchmark one-year deposit rate falls to 2.52% from 3.60%. Sensex ended with a gain of 3.81% whereas, Nifty closed with a gain of 3.70% respectively. Bankex, Oil & Gas and Metal gained by 5.96%, 4.41% and 3.66% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed high by 331.19 points at 9,026.72 and NSE Nifty ended up by 98.25 points at 2752.25. The BSE Mid Caps ended with a marginal gain of 4.79 points however Small Caps closed with losses of 18.53 points at 2,877.38 and 3,314.89. The BSE Sensex touched intraday high of 9,061.72 and intraday low of 8,658.53.

On Thursday, the US markets closed with phenomenal gains. The October personal spending dropped 1.0% month-over-month, which met estimates. Despite the dour housing data, homebuilders rose 13.6%. The Fed’s $600 billion plan to support housing lending spurred a drop in the average 30-year fixed mortgage rate to 5.81% from 5.98%, according to BankRate.com, which gave a lift to housing related stocks. The number of new unemployment claims dropped 14,000 to 529,000 for the week ended Nov. 22. Although this was slightly better than the expected reading of 535,000, it still represents a very weak labor market.

The Dow Jones Industrial Average (DJIA) closed higher by 247.14 points at 8,726.61 NASDAQ index gained 67.37 points at 1,532.10 and the S&P 500 (SPX) also closed higher by 30.29 points to close at 887.68 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 5.06% and Wipro ended high by 4.18% followed by Satyam that ended high by 2.35% and Patni Computers closing high by 6.13%. In banking sector ICICI Bank was low by (3.15%), while HDFC Bank gained 0.41%. In telecommunication sector, Tata Communication inclined by 6.88%, while MTNL inclined by 2.68%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 23.79 at 1,894.06 Hang Seng is high by 296.40 points at 13,848.48. Further Japan''s Nikkei is high by 42.01 points at 8,415.40. Straits Times is also trading low by 15.53 points at 1,694.99 and South Korea’s Seoul Composite is high by 10.85 points at 1,074.33.

The FIIs on Wednesday stood as net buyers in equity and debt. The Gross equity purchased stood at Rs 1384.20 Crore and gross debt purchased stood at Rs 179.70 Crore, while the gross equity sold stood at Rs 1,382.90 Crore and gross debt sold stood at Rs 37.80 Crore. Therefore, the net investment of equity and debt reported were Rs 1.30 Crore and Rs 142.00 Crore respectively.

On Wednesday, the partially convertible rupee ended at 49.48/50 per dollar, stronger by 0.9% on Tuesday’s closing at 49.93/95. The rupee gained strength on the back of huge dollar selling by corporate and phenomenal rally in the stock markets.

On BSE, total number of shares traded was Rs 25.57 Crore and total turnover stood at Rs 3,232.63 Crore. On NSE, total volume of shares traded was 51.77 Crore and total turnover was Rs 8,818.65 Crore.

Top traded volumes on NSE Nifty – Suzlon Energy with 49337802 shares, Unitech with total volume traded 45143845 shares, followed by SAIL with 11960100 shares, ICICI Bank with 11620249 shares and Reliance Comm with 11014088 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1378947 with a total turnover of Rs 17,568.68 crores. Along with this total number of contracts traded in stock futures were 1370221 with a total turnover of Rs 13,562.58 Crore. Total numbers of contracts for index options were 1238249 with a total turnover of Rs 17237.53 Crore and total numbers of contracts for stock options were 44919 and notional turnover was Rs 520.17 Crore.

Today, Nifty would have a support at 2,590 and resistance at 2,700 and BSE Sensex has support at 8,560 and resistance at 8,935.

Pre Session Market - Nov 26, 2008

Today markets are likely to open positive as it had closed in red yesterday after a volatile trade. The US markets have closed mixed however the major Asian markets have opened with positive gains. The trading today may again be volatile as investors are little cautious in their holdings and there has been a tug of war between the bears and bulls in the previous trading days. There are no major positive events that would help sustain the positive trend and hence we expect the markets to trade volatile.

On Tuesday, domestic markets opened with a phenomenal positive gap but later during the trading session it could not sustain the relentless selling pressures. Sensex moved 500 points showing extreme volatility. After the post mid session bears took the markets between their claws and pulled it in the red zone. Asian markets and European markets had good positive momentum and therefore ended with positive mark. On the other hand Sensex ended with a loss of 2.33% whereas, Nifty closed with a fall of 2% respectively. Oil & Gas, CG, Realty and Bankex suffered the selling heat as they lost 3.86%, 2.56%, 2.51% and 2.01% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed low by 207.59 points at 8,695.53 and NSE Nifty ended lower by 54.25 points at 2654.00. The BSE Mid Caps and Small Caps closed with losses of 29.70 points at 2,872.59 and by 30.54 points at 3,333.42. The BSE Sensex touched intraday high of 9,182.80 and intraday low of 8,649.40.

On Tuesday, the US markets traded choppy and therefore ended mixed. Consumer confidence rose large than expected amount in November but still it remains at a depressed state. During November consumer confidence improved by 6.1 to 44.9 from October. Home prices are still falling as prices in 20 major metro cities fell by 17.4% in September. On the other hand Fed has planned to purchase $600 billion in direct obligations and mortgage-backed securities. Besides that Fed will also lend $200 billion in Assets Backed Securities Loan to help facilitate the issuance of asset-backed securities. Crude oil futures for the January delivery rose by 31 cents to $51.08 a barrel on New York Mercantile Exchange. The new $US 800 billion Fed package has brought some shine in the stock markets as well as helped to push oil prices.

The Dow Jones Industrial Average (DJIA) closed higher by 36.08 points at 8,479.47 NASDAQ index fell 7.29 points at 1,464.73 and the S&P 500 (SPX) also closed higher by 5.58 points to close at 857.39 points.

Indian ADRs ended mixed. In technology sector, Infosys fell by (7.29%) and Wipro ended low by (3.75%) followed by Satyam that ended low by (3.75%) and Patni Computers closing high by (4.58%). In banking sector ICICI Bank was low by (2.15%), while HDFC Bank fell 1.04%. In telecommunication sector, Tata Communication inclined by (15.95%), while MTNL declined by 1.97%. Sterlite Industries was low by 2.18%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading high by 6.81 at 1,895.53 Hang Seng is high by 398.60 points at 13,277.20. Further Japan''s Nikkei is low by 33.16 points at 8,290.17. Straits Times is also trading high by 17.48 points at 1,670.73 and South Korea’s Seoul Composite is high by 40.49 points at 1,023.81.

The FIIs on Tuesday stood as net sellers in equity and net buyers in debt. The Gross equity purchased stood at Rs 1080.00 Crore and gross debt purchased stood at Rs 203.60 Crore, while the gross equity sold stood at Rs 1,391.40 Crore and gross debt sold stood at Rs 176.30 Crore. Therefore, the net investment of equity and debt reported were (Rs 311.50) Crore and Rs 27.30 Crore respectively.

On Tuesday, the partially convertible rupee ended at 49.93/95 per dollar, stronger by 0.3% on Monday’s closing at 50.09/10. The weaker position of Dollar against some other currencies helped Rupee to gain.

On BSE, total number of shares traded was 22.65 Crore and total turnover stood at Rs 3,196.07 Crore. On NSE, total volume of shares traded was 52.49 Crore and total turnover was Rs 8,463.43 Crore.

Top traded volumes on NSE Nifty – Unitech with 32337821 shares, Suzlon Energy with total volume traded 30692385 shares, followed by DLF with 11779321 shares, ICICI Bank with 10599632 shares and SAIL with 10375186 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1153477 with a total turnover of Rs 14,827.49 crores. Along with this total number of contracts traded in stock futures were 1291506 with a total turnover of Rs 13,119.52 Crore. Total numbers of contracts for index options were 1148751 with a total turnover of Rs 16243.69 Crore and total numbers of contracts for stock options were 37183 and notional turnover was Rs 421.74 Crore.

Today, Nifty would have a support at 2,569 and resistance at 2,740 and BSE Sensex has support at 8,350 and resistance at 8,735.