The Indian Market is likely to have a positive opening due to strong cues from the global markets. On Tuesday, the Indian market closed on an upbeat note backed by heavy buying across the sectoral indices scrips. The market opened with a bang taking the favoring cues from the global markets. The market pared some of its early gains towards the mid session but again gained the momentum towards the final trading hours of the session. The Small Caps remained out of favor as they reported most selling across the counters. The large Caps breached the five-day losing trend to close with hand some gains. The BSE Sensex closed higher by 341.13 points at 16,949.14 and NSE Nifty grew by 91.2 points to close at 4,929.45. We expect that the market may trade higher during the trading session.
On Wednesday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 178.83 points at 12,552.24. S&P 500 index grew by 18.35 points to close at 1,367.21 and NASDAQ closed up by 53.89 points at 2,373.93.
Indian ADRS ended in positive. In technology sector, Satyam grew by (1.48%) along with Infosys by (0.53%). In banking sector, HDFC bank and ICICI bank increased by (4.39%) and (2.38%) respectively. MTNL rose by (1.91%).
The major stock markets in Asia are trading strong. Hang Seng is trading higher by 706.66 points at 23,876.21 along with Japan''s Nikkei trading up by 364.74 points at 13,433.04 and Taiwan Weighted is trading at 7,772.07 up by 221.52 points.
The FIIs on Wednesday stood as net seller in equity while buyer in debt. The gross equity purchased was Rs3,440.20 Crore and the gross debt purchased was Rs103.60 Crore while the gross equity sold stood at Rs3,555.30 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was (Rs115.10 Crore) and net debt was Rs103.60 Crore.
Today, Nifty has support at 4,836 and resistance at 5,054 and BSE Sensex has support at 16,657 and resistance at 17,482.
On Wednesday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 178.83 points at 12,552.24. S&P 500 index grew by 18.35 points to close at 1,367.21 and NASDAQ closed up by 53.89 points at 2,373.93.
Indian ADRS ended in positive. In technology sector, Satyam grew by (1.48%) along with Infosys by (0.53%). In banking sector, HDFC bank and ICICI bank increased by (4.39%) and (2.38%) respectively. MTNL rose by (1.91%).
The major stock markets in Asia are trading strong. Hang Seng is trading higher by 706.66 points at 23,876.21 along with Japan''s Nikkei trading up by 364.74 points at 13,433.04 and Taiwan Weighted is trading at 7,772.07 up by 221.52 points.
The FIIs on Wednesday stood as net seller in equity while buyer in debt. The gross equity purchased was Rs3,440.20 Crore and the gross debt purchased was Rs103.60 Crore while the gross equity sold stood at Rs3,555.30 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was (Rs115.10 Crore) and net debt was Rs103.60 Crore.
Today, Nifty has support at 4,836 and resistance at 5,054 and BSE Sensex has support at 16,657 and resistance at 17,482.
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