Market may exhibit volatility

Market may exhibit volatility Mixed Asian cues and the presence of a sharp intra-day volatility may see the market remain edgy and move on the either side of the zone. Mixed Asian markets in opening trades and presence of intra-day volatility may hold the investors from taking any fresh positions. However, the crude priced moved down sharply in last week and also flat in US markets on Friday may help the market to move northwards. Among the indices, the Nifty could test higher levels around the 4,460, while on the downside it has a key support at 4,400. The Sensex has a likely support at 14,650 and may face resistance at 14,800. US indices closed flat on Friday, with the Dow Jones gaining 44 points at 11660 and the Nasdaq slipping by a points at 2453. Indian ADRs had a mixed outing on the US bourses. Among the major gainers Rediff gained above 12% followed by Infosys, Dr Reddy, HDFC Bank and Tata Motors that raised over 0.50% each. Patni Computer, ICICI Bank, Satyam, MTNL and Wipro lost 1-3% each. Crude oil prices slipped marginally, while the Nymex light crude oil for September delivery slipped by $1.24 to close at $113.77 a barrel. In the commodity segment, the Comex gold for December series lost $22.40 to settle at $792.10 an ounce. Daily trend of FII/MF investment in equities On August 14, 2008, FIIs were net sellers of stocks to the tune of Rs646.30 crore (purchases worth Rs1928.60 crore and sales of Rs2574.90 crore) INDICES SNAPSHOT ASIAN INDICES at 09:20 IST on August 18, 2008 Index Level Change(pts) Change(%) Nikkei 13250.47 231.06 1.77 Hang Seng 20999.25 -161.33 -0.76 Kospi Index 1566.60 -5.59 -0.36 Straits Times 2787.51 -9.99 -0.36 Jakarta Composite 2085.14 -21.49 -1.02 EUROPEAN INDICES at close on August 15, 2008 FTSE 100 5454.80 -42.60 -0.77 CAC 40 Index 4453.62 32.71 0.74 Dax Index 6446.02 3.81 0.06 US INDICES at close on August 15, 2008 Dow Jones 11659.90 43.97 0.38 Nasdaq 2452.52 -1.15 -0.05	PRE-MARKET COMMENTARY August 18, 2008| Market round-up, 9:45 IST
	STOCK TO WATCH TODAY ABLBIOTE BEST&CRO CUPID FLAWDMND MONNETISP INDIAN ADRs Company Last Close %Change Infosys 42.42 0.35 Satyam 22.93 -1.25 Wipro 11.68 -0.51 Dr.Reddy's 14.07 0.57 Tata Motors 9.98 0.30 ICICI Bank 31.12 -0.95 HDFC Bank 84.70 0.82 MTNL 5.14 -1.91 VSNL (TCL)* 19.96 - Rediff 7.15 12.78 Patni Comp 10.46 -3.06
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