Monday, May 4, 2009

[Investors Please Listen] Firm global indices indicates positive open

The market is likely to stay firm on overnight gains in the US indices and strong Asian markets in morning trades.


After posting biggest gains in the last session, the bias for the market may remain positive. The market is expected to make further headways on surging international indices and prevailing strong bullish sentiment. However, investors should remain cautious on account of the prevalence of a intra-day volatility. Among the local indices, the Nifty could test higher levels in the 3750-3800 range and has a support in the 3600-3550 range. The Sensex on the downside may slip to 12000 and may face resistance at 12300.

Major US indices rose Monday, pushing the major gauges to multi-month highs, as a better-than-expected housing market report intensified hopes that the economy is closer to stabilizing. While the Dow Jones flared up by 214 points at 8427, the Nasdaq moved up by 44 points to close at 1764.

All the Indian ADRs traded firm on the US bourses except MTNL. ICICI Bank led the pack with gains of over 14.16% followed by Wipro & HDFC Bank gained 10-12% each. While, Infosys, Tata Motors, Patni Computer and VSNL jumped over 3-6% and Satyam, Dr Reddy's and Rediff closed with the marginal gains.

Crude oil prices eased, with the Nymex light crude oil for June delivery falling by 39 cents to close at $54.08 a barrel. In the commodity space, the Comex gold for June delivery advanced $14 to settle at $902.20 an ounce.

Daily trend of FII/MF investment in equities
On May 04, 2009, FIIs were net buyers of stocks to the tune of Rs344 crore (purchases worth Rs2,869 crore and sales of Rs2,525 crore),while domestic mutual funds were net buyers of stocks to the tune of Rs21 crore (purchases worth Rs993 crore and sales of Rs973 crore).


--~--~---------~--~----~------------~-------~--~----~
Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

You received this message because you are subscribed to the Google Groups "Investors Please Listen !" group.
To post to this group, send email to investorspleaselisten@googlegroups.com
To unsubscribe from this group, send email to
investorspleaselisten+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/investorspleaselisten?hl=en
-~----------~----~----~----~------~----~------~--~---

No comments:

Blog Archive

Life Insurance | Health Insurance | Auto Insurance


Investors Please Listen !

 
More than 100 kinds of Insurance products from more than
20 companies under one roof.



Call: 9818269396 
investorspleaselisten@in.com
www.investorspleaselisten.blogspot.com

 

 

Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
Powered by Olark
Advertising Learn to Invest