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A look at how the indices fared at their closes: Sensex 13614.52 (+0.94%); Nifty 3888.65(+1.19%); Nasdaq 2457.20 (+0.14%); Dow 12445.52 (+0.23%).

After gaining over 127 points on friday, the market may show more exuberance and advance further on the back of bullish sentiment amongst investors. On Friday the Sensex closed at 13615 amid buying in several heavyweight and sectoral stocks. Also the positive opening in the Asian indices like Nikkei and Kospi coupled with overnight gains in US & European indices may help the market to move in positive territory. On the technical side, the Nifty could test upper levels at 3908 and 3950 should find support in the 3850-3820 range, while the Sensex may face resistance at 13670 and test lower levels at 13545.

US indices registered decent gains on Friday with the Dow Jones gaining 28 points at 12446 and the Nasdaq ending three points higher at 2457.

Barring few, most of the Indian ADRs traded firm on the US bourses. VSNL led the pack with gained over 4% while ICICI Bank, HDFC Bank, Satyam, Wipro and Patni Computers jumped over 1-2% each. Among the laggards Rediff and Infosys were down around 1% each and Dr Reddy's ended with marginal losses.

Crude oil prices in the US market ended on positive note, with the Nymex Light Crude oil for January delivery gaining $0.92 to close at $63.43 a barrel. However, in the commodity space, the Comex gold for February series declined $11.80 to settle at $619.10 an ounce.