Indian market is likely to have negative opening as the US market closed in red as well as the Asian markets is trading lower. On Friday i.e. on the auspicious day of Diwali does not prove to be good for the investors as the market tumbles as the BSE Sensex fell by 151.33 points to close at 18,907.60 and Nifty dropped by 35.5 points to close at 5663.25. We expect the market to consolidate its gains further a during the trading session.
On Friday, the US markets closed in red. The Dow Jones Industrial Average (DJIA) dropped by 223.55 points to close at 13,042.74 along with NASDAQ Composite and S&P 500 closed lower by 68.06 points and 21.07 points at 2,627.94 and 1,453.70 respectively.
Indian ADRs ended in negative. In banking sector, ICICI bank and HDFC bank fell by (7.11%) and (5.48%) respectively. In technology sector, Patni computers dropped by along with Wipro by 2.67%, Satyam by 1.95% and Infosys by 0.87%. In telecommunication sector, VSNL and MTNL slipped by (4.08%) and (2.26%) respectively.
The major stock markets in Asia are trading weak. Japan''''s Nikkei is trading down by 374.64 points at 15,208.78. Hang Seng fell by 881.85 points to trade at 27,901.56. Taiwan weighted is trading lower by 260.80 points at 8,710.12. Seoul Composite slipped by 60.54 points to trade at 1,929.93.
On Thursday, the FIIs stood as the net buyer as the gross equity purchased by them was Rs4,156.90. (in crores), and the gross debt purchased was Rs.146.70 (in crores) as against the gross equity sold was Rs.4,119.20 (in crores) and the gross debt sold was Rs.121.60 (in crores). The net investment of equity was Rs.37.70 (in crores) and the net debt investment was Rs.25.10 (in crores).
Today, Nifty has support at 5,552 and resistance at 5,698 and BSE Sensex has support at 18,511 and resistance at 18,992.
On Friday, the US markets closed in red. The Dow Jones Industrial Average (DJIA) dropped by 223.55 points to close at 13,042.74 along with NASDAQ Composite and S&P 500 closed lower by 68.06 points and 21.07 points at 2,627.94 and 1,453.70 respectively.
Indian ADRs ended in negative. In banking sector, ICICI bank and HDFC bank fell by (7.11%) and (5.48%) respectively. In technology sector, Patni computers dropped by along with Wipro by 2.67%, Satyam by 1.95% and Infosys by 0.87%. In telecommunication sector, VSNL and MTNL slipped by (4.08%) and (2.26%) respectively.
The major stock markets in Asia are trading weak. Japan''''s Nikkei is trading down by 374.64 points at 15,208.78. Hang Seng fell by 881.85 points to trade at 27,901.56. Taiwan weighted is trading lower by 260.80 points at 8,710.12. Seoul Composite slipped by 60.54 points to trade at 1,929.93.
On Thursday, the FIIs stood as the net buyer as the gross equity purchased by them was Rs4,156.90. (in crores), and the gross debt purchased was Rs.146.70 (in crores) as against the gross equity sold was Rs.4,119.20 (in crores) and the gross debt sold was Rs.121.60 (in crores). The net investment of equity was Rs.37.70 (in crores) and the net debt investment was Rs.25.10 (in crores).
Today, Nifty has support at 5,552 and resistance at 5,698 and BSE Sensex has support at 18,511 and resistance at 18,992.
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