The Sensex may start the day in the green on the back of positive cues from the Asian markets and the SGX Nifty trading up 24 points at 5,892. Also, the result season starts today with Infosys declaring their quartely numbers.
"The market unfolded as expected taking supports and closing in the green due to the short covering…technically we should see some more upside in the days to come and crucial supports to watch would be 5750", says Prakash Gaba, a Mumbai based technical analyst.
On the Asian front, all the indices are trading in the green. Hong Kong shares extended gains as risk appetite improved after Portugal's successful debt auction. The Hang Seng Index is up 1% along with Jakarta Composite.
Shanghai Composite, KLSE Composite, Nikkei, Straits Times and Taiwan Weighted gained between 0.1% -0.6%. Amongst all the indices, Seoul Composite is the only index trading flat at 2,096.
The scripe to look out for the day are Cairn, ONGC, Reliance Infrastructure and RNRL. Banking scrips are also in the news.
