Market may witness profit-taking in early trades

The market is likely to remain subdued during the intraday trades. The weak FII participation in the last couple of sessions is also weighing on the sentiment. While, the domestic market the Nifty may witness resistance at 3975 on the upside while the near-term support at 3945 and below this the next support at 3925 on the downside. The Sensex has a likely support at 13650 and could witness resistance at 13800.

US indices ended with marginal loss on thursday, with the Dow Jones declined 5 points to close at 12,222 while the Nasdaq slipping by nearly half a points at 2432.

Indian ADRs had a mixed outing on the US bourses. Infosys, Wipro, Dr Reddy's, ICICI Bank, HDFC Bank, MTNL, Rediff closed positive and Satyam, Tata Motors, VSNL and Patni Computers declined 1% each.

In the commodity segment, the Comex gold for the February adavnced $11.10 to settle at $652.90 an ounce. The Nymex light crude oil for January delivery jumped 67 cents to close at $63.13 a barrel, while the London brent crude was up 62 cents at $59.46 per barrel.