See flat to positive opening: Ventura Securities

Ventura Securities' Fundamental Report:

Sensex, on Thursday, fell by 255 points and closed at 20,193, dragged down by earnings-related disappointments in bluechips like Cipla and Coal India, amid a weak trend in global markets.

Among the stocks, Cipla, BHEL and Coal India were the ones which declined the most while among sector indices, CG, Bankex and PSU ended on a negative note. Market breadth was negative with 901 advances against 1,687 declines. Nifty was down by 83 points and closed at 6,001. Today we expect the markets to open on a flat to positive note on the back of firm global cues. US markets ended on a positive note with Dow Jones and Nasdaq up by 0.4 percent and 0.9 percent respectively, as better-than-forecast earnings overshadowed a drop in retail sales. Today, US markets will witness data releases on Prelim UoM Consumer Sentiment. Asian markets are trading positive with Nikkei and Hang Seng up by 0.3 percent and 0.5 percent respectively. SGX Nifty is trading up by 27 points at 6,023.

Indian ADRs ended on a mixed note. Among financial ADRs, ICICI Bank and HDFC Bank were down by 1.1 percent and 1.5 percent respectively. Among IT ADRs, Wipro was up by 0.8 percent while Infosys was down by 0.1 percent. Tata Motors was up by 0.9 percent.