The Sensex may see a negative opening as the Asian markets and the SGX Nifty are trading in the red. The indicator, SGX Nifty is down ten points at 5,751.
According to Prakash Gaba, a Mumbai based technical nalyst, "
The market unfolded weak but has still managed to stay above the crucial support of 5750. Now the market just needs to closer higher in the next trading session for an up move next week, otherwise I would say that Wednesday positive day was just a reaction"
On the Asian front, Hong Kong shares struggled to find direction with Chinese insurers and coal producers losing ground after recent gains, while many banks advanced as sharp overnight gains in the euro supported risk appetite. The Hang Seng Index is trading flat along with Seoul Composite at 24,246 and 2,088 respectively
On the other hand, Shanghai Composite down 1% is the top loser followed by Shanghai Composite, Taiwan Weighted, Nikkei and KLSE Composite shedding 0.1% each. Straits Times and Jakarta Composite lost 0.7% - 0.8%
The stocks to watch out for the day are Jet Airways, BPCL, GVL Power. PVR, Indraprastha Gas ans SAIL are some of the other active scrips.
