Indian Indices expected to open marginally higher - AXIS DIRECT

After opening on a firm note the markets extended the previous session's gains in the morning session. The markets trimmed some of the gains by the noon session but regained momentum in the afternoon which led the markets to close on a positive note. Majority of the sectoral indices ended in the green with oil & Gas, FMCG gaining the most, while IT witnessed some selling pressure. In the Sensex stocks Jindal Steel (5.73%), HDFC (4.04%) & Gail India (2.91%) were the gainers while, Maruti Suzuki (1.64%), Infosys (1.15%) and Wipro (0.91%) were among the losers. The Sensex gained 270 points or 1.39% to close at 19,683 and the Nifty gained 82 points or 1.41% to close at 5,946.

Total traded turnover stood at Rs 173,458 cr. In equities FIIs were net buyers of (Rs 1284 cr) while DIIs were net sellers of (Rs 837 cr). On the derivatives side, FIIs were net buyers in Index Futures (Rs 569 cr) Index Options (Rs 163 cr) Stock Futures (Rs 495 cr). While they were net sellers in Stock Options (Rs 168 cr).

The US markets ended higher on better than expected Jobs data adding to optimism about the economy. The Dow Jones gained 68 points or 0.47% to close at 14,397 while the NASDAQ gained 12 points or 0.38% to close at 3,244.

The Asian markets are trading higher. Nikkei is trading higher by 0.92% while Hang Seng is trading higher by 0.55%.

Asian markets are trading in the green tracking firm US indices which closed at record highs after surprisingly strong U.S. jobs data showed economic recovery gaining traction. Indian indices are also expected to open marginally higher and global developments will be monitored closely for further direction.

Source : Equity Bulls

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