Indian market may have a flat opening due to mixed global cues. On Monday, the Indian market tumbles and lost directions backed by weak global cues, which led it to closed in a negative region. Finally, the BSE Sensex closed lower by 170.33 points at 18,737.27 and Nifty fell by 46.15 points to close at 5617.10. We expect the market may bag some gain but will remain range bound during the trading session.
Monday, the US markets closed in negative territory. The Dow Jones Industrial Average (DJIA) closed lower by 55.19 points at 12,987.55 followed by NASDAQ Composite and S&P 500 fell by 43.81 points and 14.52 points at 2,584.13 and 1,439.18 respectively.
Indian ADRs ended in negative. In banking sector, HDFC bank and ICICI bank dropped by (8.03%) and (4.55%) respectively. In technology sector, Infosys fell by 4.67% along with Patni computers by 3.18%, Satyam by 2.06% and Wipro by 0.15%. In telecommunication sector, MTNL and VSNL declined by (4.76%) and (1.78%) respectively.
The major stock markets in Asia are trading with a mixed bag. Hang Seng is trading higher by 140.50 points at 27,806.23 while Japan''''s Nikkei is trading lower by 26.53 points at 15,170.56. Taiwan weighted is trading up by 62.89 points at 8,733.50. Seoul Composite advanced by 3.20 points to trade at 1,926.62.
On Monday, the FIIs stood as the net seller as the gross equity purchased by them was Rs4,366.10. (in crores), and the gross debt purchased was Rs.0.00 (in crores) as against the gross equity sold was Rs.4,653 (in crores) and the gross debt sold was Rs.0.00 (in crores). The net investment of equity was -Rs.286.90 (in crores) and the net debt investment was Rs.0.00 (in crores).
Today, Nifty has support at 5,563 and resistance at 5,698 and BSE Sensex has support at 18,519 and resistance at 19,079.
Monday, the US markets closed in negative territory. The Dow Jones Industrial Average (DJIA) closed lower by 55.19 points at 12,987.55 followed by NASDAQ Composite and S&P 500 fell by 43.81 points and 14.52 points at 2,584.13 and 1,439.18 respectively.
Indian ADRs ended in negative. In banking sector, HDFC bank and ICICI bank dropped by (8.03%) and (4.55%) respectively. In technology sector, Infosys fell by 4.67% along with Patni computers by 3.18%, Satyam by 2.06% and Wipro by 0.15%. In telecommunication sector, MTNL and VSNL declined by (4.76%) and (1.78%) respectively.
The major stock markets in Asia are trading with a mixed bag. Hang Seng is trading higher by 140.50 points at 27,806.23 while Japan''''s Nikkei is trading lower by 26.53 points at 15,170.56. Taiwan weighted is trading up by 62.89 points at 8,733.50. Seoul Composite advanced by 3.20 points to trade at 1,926.62.
On Monday, the FIIs stood as the net seller as the gross equity purchased by them was Rs4,366.10. (in crores), and the gross debt purchased was Rs.0.00 (in crores) as against the gross equity sold was Rs.4,653 (in crores) and the gross debt sold was Rs.0.00 (in crores). The net investment of equity was -Rs.286.90 (in crores) and the net debt investment was Rs.0.00 (in crores).
Today, Nifty has support at 5,563 and resistance at 5,698 and BSE Sensex has support at 18,519 and resistance at 19,079.
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