Weak international markets may weigh

After taking a small dip in yesterday's trades, the market may remain cautious amid weakness in several Asian indices and overnight marginal fall in the US markets. Mix trend in major Asian indices may drag down the market in early trades. On the technical front, the Nifty in the short term could test 3850 on the upside and has a support at 3760. The Sensex may face resistance at 13452 and could test lower levels at 13232.

All the Indian ADRs witessed a mixtrend on the US bourses on wednesday. Infosys, Satyam, Wipro, Tata Motors and HDFC Bank shed over 1% each. However, Rediff gained 2.22% and Dr Reddy, Patni Computers, and MTNL were in positive territory. ICICI Bank & VSNL remained unchanged.

US indices eased on wednesday, as the result the Dow Jones, which had closed at 12464 dropped by 7 points and the Nasdaq shed 2 points to close at 2428.

Crude oil prices moved up, with the Nymex light crude oil gaining by 26 cents to close at $63.72 a barrel. In the commodity space, the Comex gold tumbled $1.10 to settle at $624.30 an ounce.