It was a quiet start for the Nifty on the first day of the expiry week. The Sensex was up 109.42 points or 0.66% at 16327.27, and the Nifty was up 32.51 points or 0.65% at 4952.92. About 650 shares advanced, 256 shares declined, and 2514 shares remain unchanged.

Auto, banks and capital goods stocks were on buyer's radar today. The broader markets also opened with decent gains.

The Indian rupee opens at 55.23 per dollar versus 55.36 on Friday.
Top gainers on the Nifty were Bank of Baroda, SBI, BHEL, Jaiprakash Associates and Tata Steel. GAIL, BPCL, HUL and Ambuja Cements were bleeding in red.

Reliance Communications, India's second-biggest mobile phone carrier by subscribers, said on Saturday its fourth-quarter profit nearly doubled - its first profit rise in 11 quarters - on sharply lower costs.

IDFC with a target price of Rs 131 and a stop loss to be placed at Rs 121. The stock made a double bottom around Rs 111 levels. The intermediate high was around Rs 124 which has given a lot resistance to the stock over the last few days. The stock has closed well above Rs 124 levels and we could expect a quick move to Rs 131 in the short term.

BSE index: Cross-over above 16258 it'll spurt up correctively to 16448 & 16571. Down part 16202 a nearest & 16092-16051 powerful can manage, keep stop-loss of 15934 to your buys.
Break below 15934 it'll turn weak & fall down to 15871 & thereafter to 15737.

Nifty MAY Future: Crossover above 4931 it'll spurt up correctively to 4994 & 5032-5037. Downward side 4891 a nearest & 4867-4852 solid supports, keep stop loss of 4811 to your buys.
Break below 4811 it'll turn weak & fall down to 4791 & thereafter to 4741.

Bank Nifty MAY Future: Crossover above 9461 it'll spurt up correctively to 9595-9621, 9685 & 9827. Downward side 9328 a nearest & 9277-9220 solid supports, keep stop loss of 9135 to your buys.

ICICI Bank: Buy considering 813 & 808 solid supports keeping stop loss of 800. Upward side it'll spurt up to 827, 836 & 856.

SBI: It'll surge up to 2001 initially where profit booking will be seen. Downward side 1950 & 1924 crucial supports. Break below 1924 it'll turn weak & fall down to 1892 & 1872.
Upward side crossover above 2001 it'll sustain on higher levels & surge up to 2030 & 2062.

JET AIR: Crossover above 327.40 it'll spurt up to 337.40 & 344. Downward side 311 a solid support. Break below 311 it'll turn weak & fall down to 303 & 297.

The BSE Sensex and NSE Nifty opened 0.3% lower on Wednesday following Greece concerns and sharp fall in rupee. The India rupee went down to 55.71 a dollar at open (a new all-time high), but immediately came off day's low to 55.61 a dollar, down 25 paise or 0.47% from previous close of 55.38 a dollar as reports suggested that RBI sold dollars.

The BSE benchmark was down 63.32 points to 15,962.04 and the NSE benchmark fell 19.70 points to 4,841.80.

The CNX Midcap Index was down 26 points to 6,820. About two shares declined for every share rising on the National Stock Exchange.

HDIL, Manappuram Finance, Shree Renuka, VIP, Central Bank, Andhra Bank, S Kumars and Ashok Leyland lost 0.75-1.3%.

3i Infotech surged 5%. Wockhardt gained another 3.1% after rallying 7% yesterday due to better than expected performance at EBITDA level in Q4FY12.

Reliance Industries slipped 1% as CNBC-TV18 reported quoting sources that Niko Resources will exit D4 block with RIL and BP due to size & risk issues, and current commercial environment in India.

The BSE Sensex and NSE Great stayed higher in the middle of motions led by support from Condition Loan company of Native indian and Reliance Areas. HDFC, L&T and TCS too were helping the trading markets stay higher. Asian trading markets too transformed higher from put together trade; Shanghai, Nikkei, Kospi and Taiwan acquired 0.4-0.5%.

The BSE standard obtained 57.17 factors at 16,211.91 and the NSE standard was up 21 factors to 4,911.49.

The Indian rupee was moving towards record low of 54.87 a dollar; it depreciated by 25 paise to 54.64 a dollar today.

Nation's largest loan provider Condition Financial institution of Indian rallied another 3% on value purchasing interest after the lending company revealed better than predicted net revenue of Rs 4,051 crore for it all one fourth of FY12 as against Rs 21 crore in a year ago period. Experts on regular had predicted revenue at Rs 3,581 crore. Its competitors ICICI Financial institution and HDFC Financial institution were up marginally.

TCS, India's biggest application solutions company shifted up 0.6% whereas its competitors Infosy and Wipro dropped 1% and 0.5%, respectively.