DOMESTIC MARKET
Equity benchmarks clawed back on the back of short covering, which was imminent after selling seen in previous five sessions. But there was a bit of profit booking at higher levels. Nifty opened at 5469.55 and was trading at 5462.75. Among frontliners, Tata Motors, Reliance Industries, NTPC, TCS, SBI, ICICI Bank and Sterlite Industries were gainers in early trade.Nifty has resistance at 5503.57 and 5589.93 and support at 5366.42 and 5315.63.
Sensex opened at 18216.91 and was trading at 18208.72 with a gain of 186.50 points. REALTY gained 2.21% while OIL & GAS gained 1.97% .Sensex has resistance at 18322.13 and 18622.04 and support at 17852.24 and 17682.04.
INTERNATIONAL MARKET
Asian stocks rose, driving up a regional benchmark index by the most in two months, after companies reported higher earnings and U.S. manufacturing expanded, boosting confidence in a global economic recoveryNikkei rose 193.80 points and reached 10467.80.Topix reached 929.81with an increase of 16.29 points .Hang Seng was trading at 23897.70 with an increase of 414.77 points.
FII FLOW
The net FII flow to equity sector on Tuesday recorded a loss of 900.50 crore as against 592.40 crore the previous day.The open interest for the previous day in Futures segment was Rs. 39487.05 crore as against 38984.12 crore on Monday. The open interest in Options segment was Rs. 45531.42 crore as against Rs. 42792.89 crore the previous day. The aggregate open interest in derivative segment was Rs. 85018.47 crore. This was 81777.01 crore Tuesday. It may be observed that the aggregate open interest rose 3.96 per cent.
TODAYS STOCK RECOMMENDATION BY ANALYSTS
Market Analysis: Ms. Malu Suresh
www.schoolofassetmanagement.com
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