4 April 2008, 9.00 am
4740 of Nifty is crucial
As expected, market closed with a gain of 17 points in Nifty. Th immediate tested support at 4740 should be a crucial one for the the day. If breaks, further weakness up to 4690, 4630 is possible. The near resistance is at 4800, 4840. In the last trading day of the week, the inflation figures coming out at noon will influence the market sentiment.
US markets ended in green zone. Dow Jones was up by 20 points. Asian markets are in some losses. Nikkei is down by 90.
Foreign fund were net sellers for 393 crores while DIIs were net buyers for 265 crores in capital segment according to NSE provisional data.
4740 of Nifty is crucial
As expected, market closed with a gain of 17 points in Nifty. Th immediate tested support at 4740 should be a crucial one for the the day. If breaks, further weakness up to 4690, 4630 is possible. The near resistance is at 4800, 4840. In the last trading day of the week, the inflation figures coming out at noon will influence the market sentiment.
US markets ended in green zone. Dow Jones was up by 20 points. Asian markets are in some losses. Nikkei is down by 90.
Foreign fund were net sellers for 393 crores while DIIs were net buyers for 265 crores in capital segment according to NSE provisional data.
Nifty April 2008 futures were at 4785, at a premium of 13.40 points as compared to spot closing of 4771.60.
The NSE's futures & options (F&O) segment turnover was Rs 32,513.16 crore, which was lower than Rs 34,170.35 crore on Wednesday, 2 April 2008.
NSE market breadth was weak. 441:736
Crude oil at $ 103.83 a barrel at NYMEX
INdian ARDs at NYSE closed mixed. Satyam Computer services Ltd. gained 4.21%