Today Markets are likely to positive following positive global cues.Among the sectoral indices, Banks, Auto & Capital Goods could see some buying intrest.The SGX Nifty futures for March 2009 series has gained 34 points.Asian Markets opened positive on Wednesday with Japan's Nikkei 225 Average rose 0.02 percent up 1.41 to close at 7,950.54 led by positive cues from U.S. markets.Hong Kong's Hang Seng Index was gained 1.20 percent down 155.11 points to 13,033.20.Shanghai Composite Index gained 0.20 percent up 4.37 points to 2,222.70.

On Tuesday,Indian Markets saw some profit booking to close down 0.89 percent down 79.72 to 8,863.82.Nifty was down 0.72 percent down 19.80 to 2,757.45.BSE Mid Caps ended down 4.21 points at 2,696.35 and BSE Small Caps was up 11.82 points 3,010.31.

Among the Metal prices, Aluminium was down 0.1 percent and Copper decreased by 3.8 percent, while Zinc was down 2.2 percent and Nickel fell 2 percent .Crude oil for April surged 11.2 percent to settle at $47 per barrel ahead of OPEC meeting on march 15.Gold futures was up by 1.4 percent to $923.8.Rupee is likely to open strong an positive global cues.

Dow Jones industrial average closed up 2.48 percent up 178.73 points to settle at 7395.7.Nasdaq Composite Index closed up 4.14 percent up 58.09 points to settle at 1462.11.S&P 500 closed up 3.21 percent up 24.23 points to settle at 778.12.

FTSE 100 index closed down 0.18 percent down 6.89 points to 3857.1,Germany's DAX closed down 1.4 percent down 56.77 points to 3987.77,France's CAC 40 closed down 0.87 percent down 24.38 points to 2767.28.Crude Oil is trading at $48.80 a barrel.
Tuesday,18 March 2009