Indian Indices expected to open on positive note - AXIS DIRECT

After opening on a positive note the markets edged higher and traded sideways throughout the morning session. The markets moved higher in the afternoon session closing the day on a firm note. All the sectoral indices ended in the green with Metals & gaining the most. In the Sensex stocks Sterlite Inds (4.47%), Hindalco (4.29%) & Tata Motors (3.73%) were the gainers while Bajaj Auto (0.64%), BHEL (0.63%) and ITC (0.26%) were among the losers. The Sensex gained 265 points or 1.40% to close at 19143 and the Nifty gained 86 points or 1.50% to close at 5784.

Total traded turnover stood at Rs 132,709 cr. In equities both FIIs were net buyers of (Rs 221 cr) while DIIs were net sellers of (Rs 245 cr). On the derivatives side, FIIs were net buyers in Index Futures (Rs 175 cr) Index Options (Rs 810 cr) Stock Futures (Rs 655 cr) and Stock Options (Rs 55 cr).

The US markets touched an all time high as investor sentiment was boosted by better than expected economic data and indications of continued support from Federal Reserve. The Dow Jones gained 126 points or 0.89% to close at 14,254 and the NASDAQ gained 42 points or 0.39% to close at 3,224.

The Asian markets are trading higher. Nikkei is trading higher by 1.34% while Hang Seng is trading higher by 0.72%.

Asian markets extended gains in early trade amidst positive investor sentiments as Wall Street closed at record highs on the back of continuing U.S. economic recovery and globally accommodative monetary conditions. Indian indices are also expected to open on a positive note and direction is expected to be laid down by global developments.

Source : Equity Bulls

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