Market PreSession 24 Feb: Market May Open Lower

    The Sensex and the Nifty, the benchmark indices of the Bombay Stock Exchange and the National Stock Exchange, are expected to open weak on back of negative Asian cues.

In Asia major indices are in Red
At 8:30 am 
  Nikkei225      10163.28 -188.82
 Hang Seng       20432    -190
Straits Times      2755 -27
Shanghai comp  2985  +2.87
Sgx Nifty           4829   -50 
Metals and railway stocks will continue to remain in focus.

Market internals (As on 23rd February)
Markets edge higher after range bound trade
Nifty swings 50 pts, Sensex gyrates 150 pts
Nifty gains 20 pts, Sensex added 60 pts
Total turnover at Rs 95017, above 5 day average
Advance decline ratio at 1:3 on NSE
Auto index top laggard down 1.8%
Maruti down 3.5% on A-Star recall
Realty index gains 1%
DLF up 2%, Ansal Prop up 3.5%
Metal index manages to post gains of 0.7%
Sesa Goa up 3%, Hind Zinc up 2%
Small cap down 0.9%, Midcap down 0.6%
Broader markets underperform Sensex for 2nd day
ICICI Bank, HDFC contributes 30 pts to Sensex
India VIX at 32.13% vs 30.99%
Nifty Feb Futures ended 1 pt premium vs at par yesterday
Nifty Put Call Ratio at 1.07 vs 1.04 on previous day.