Pre Stock Market Commentary

The Indian Market is expected to have negative opening on weak global cues as Asian markets are trading weak. On Wednesday, the market closed with small gain after showing volatility during the trading session.We expect that market may remain voaltile during the trading session. Also, the inflation number for the week due to be released today evening will be a major concern for the market.Yesterday,the BSE Sensex closed higher by 134.50 points at 14,678.23 and NSE Nifty ended up by 47.50 points at 4,415.75. The BSE Mid Caps and Small Cap closed with gains of 60.05 points and 53.49 points at 5,826.37 and 7,066.23 respectively. The BSE Sensex touched intraday high of 14,746.20 and intraday low of 14,584.03.From the sectoral front, most indices closed in green and among those Metal, Capital goods, Reality, Pharma and Oil & Gas stocks were leading gainers. Mid cap and Small cap stocks also witnessed buying interest.