The Sensex closed with a gain of 75 points at 12,698 yesterday with resistance around the 12,718-level mentioned in the outlook yesterday.The global cues are muted - Wall Street rallied on solid corporate numbers, Asian markets are mixed and crude is steady around $60 per barrel.The index is likely to face its initial resistance today at 12,730. The sentiment turns bullish if it crosses the 12,749-level today.On the downside, the first support kicks in at around 12,667. The correction may intensify if the index slips below 12,647.Quarterly numbers of Dr. Reddy's, Bharti, Suzlon and BHEL are set to be announced today.
