Indian Stock markets opened positive on Friday. NSE Nifty was up by 32 points. Among major gainers were Reliance Petro, Satyam Computers, Suzlon Energy, Unitech and HDFC.

Major losers on NSE were HCL Tech, Power Grid, NALCO, Siemens and Hero Honda.

HDFC Securities research report expects markets to open strong and remain rangebound for the trading session.

ICICI Direct suggests strong support for NSE Nifty at 2890 and 2870. The immediate resistances for Nifty are 2920 and 2940.

Indian stock markets continue to represent a weak outlook ahead of F&O expiry.

Huge selling action was witnessed across all sectors except BSE Bankex and PSU.

The 30-share-index BSE Sensex, today (Dec 24), belled the day negatively at 9,626.07, down 60.68 points, as against a drop of 2.43% on the previous working day.

BSE Midcap and Smallcap were also trading in negative terrain after losing 0.83% and 0.91% respectively.

Indian equities opened weak today, (Dec 23), following disappointing worldwide shores prior to December F&O expiry.

Auto, consumer goods and metal stocks traded flat.

BSE Midcap and Smallcap index fell 0.35% and 0.20% respectively.

Asian stocks also dropped down as a smaller-than-forecast interest rate cut in China and an economic growth report in New Zealand fanned worries that a global recession is becoming deeper.

The 30 share index, Sensex gained 409.84 points in the week ended Dec 19, 2008, while the broad based NSE Nifty surged 156.15 points during the same period.

On Monday, the benchmark index Sensex started the week strongly following worldwide signals and saw volatility all through the day. Realty and metal sectors were the major performers.

The Sensex ended the week on a flat note amid volatility as investors booked profit at higher levels.

Realty sector, which 10.57%, was the major gainer on Friday on expectations of further cut in interest rates and a strong fiscal stimulus from the government.

Auto (1.79%) and consumer durable (1.59%) stocks also gained while oil & gas stocks (-0.63%)went down.

BSE Midcap and Smallcap index gained 1.85% and 0.86% respectively.

On prospects of more measures from the government to stimulate the ailing real estate and auto sectors, stocks from these segments have rallied sharply in today’s session.

The key realty stocks gained the most followed by auto and power stocks.

Among the sectoral indices, BSE Realty surged 8.59%, Auto zoomed 3.05% and Power arose 2.11%, while IT lost 0.89%.

The Sensex, which had slipped into the negative around noon after an earlier sharp upmove, gained momentum on account of buying interest across index heavyweights.