The Indian Markets today is likely to have a positive opening due to favoring cues from the global markets. On Thursday, The market closed higher after facing a lot of volatility throughout the trading session. The cues from the global markets are not in favor that led the domestic market to struggle a lot to close with marginal gains. The BSE Sensex closed higher by 70.61 points at 19,162.57 and NSE Nifty closed up by 15.35 points at 5,766.50. We expect the market to gain some grounds during the trading session.
On Friday, the US market closed green. The Dow Jones Industrial Average (DJIA) closed higher by 209.97 points at 13,455.61. S&P 500 index grew by 23.38 points to close at 1,483.50 while NASDAQ closed up by 51.13 points to close at 2,691.99.
Indian ADRs ended in positive territory. In technology sector, Patni Computers grew by 6.30% along with Wipro by 3.29%, Satyam by 2.88% and Infosys by 1.64%. In banking sector, HDFC bank and ICICI bank surged (5.49%) and (2.81%) respectively. In telecommunication sector, VSNL and MTNL increased by (6.70%) and (0.55%) respectively. Sterlite industries inched by (2.50%).
The major stock markets in Asia are trading strong. Hang Seng is trading higher by 411.01 points at 28,037.93. Taiwan weighted is also trading up by 170.26 points at 8,111.70. Singapore Strait Times is trading at 3,439.25 up by 41.15 points. South Korea''s Seoul Composite advanced by 38.70 points to trade at 1,917.02.
On Thursday, the FIIs stood as the net seller in equity while net buyer in debt. The gross equity purchased was Rs2,585 Crore and the gross debt purchased was Rs6.50 Crore while the gross equity sold stood at Rs3,677.50 Crore and gross debt sold stood at Rs5.80Crore. Therefore, the net investment of equity reported was (Rs2,1,092.50 Crore) and net debt was Rs0.70Crore.
Today, Nifty has support at 5,690 and resistance at 5,861 and BSE Sensex has support at 18,982 and resistance at 19,512.
On Friday, the US market closed green. The Dow Jones Industrial Average (DJIA) closed higher by 209.97 points at 13,455.61. S&P 500 index grew by 23.38 points to close at 1,483.50 while NASDAQ closed up by 51.13 points to close at 2,691.99.
Indian ADRs ended in positive territory. In technology sector, Patni Computers grew by 6.30% along with Wipro by 3.29%, Satyam by 2.88% and Infosys by 1.64%. In banking sector, HDFC bank and ICICI bank surged (5.49%) and (2.81%) respectively. In telecommunication sector, VSNL and MTNL increased by (6.70%) and (0.55%) respectively. Sterlite industries inched by (2.50%).
The major stock markets in Asia are trading strong. Hang Seng is trading higher by 411.01 points at 28,037.93. Taiwan weighted is also trading up by 170.26 points at 8,111.70. Singapore Strait Times is trading at 3,439.25 up by 41.15 points. South Korea''s Seoul Composite advanced by 38.70 points to trade at 1,917.02.
On Thursday, the FIIs stood as the net seller in equity while net buyer in debt. The gross equity purchased was Rs2,585 Crore and the gross debt purchased was Rs6.50 Crore while the gross equity sold stood at Rs3,677.50 Crore and gross debt sold stood at Rs5.80Crore. Therefore, the net investment of equity reported was (Rs2,1,092.50 Crore) and net debt was Rs0.70Crore.
Today, Nifty has support at 5,690 and resistance at 5,861 and BSE Sensex has support at 18,982 and resistance at 19,512.
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