Sensex has support at 17,010 & 16,920:
``The Indian markets are expected to open positive on the back of favourable global cues. The domestic markets fell sharply on Monday on the back of weak global cues amid political worries about Europe and disappointing manufacturing data from China and the Euro zone,`` said ICICIdirect. ``Negative sentiment was created by a political crisis in the Netherlands and concerns that a defeat for Nicolas Sarkozy, France`s President and UMP party candidate for the 2012 French presidential election, on May 6 could weaken cooperation between France and Germany in dealing with the debt crisis. While the Sensex fell by 277.2 points or 1.6% to 17,096.7, the Nifty fell to 5,200.6, down 90.3 points or 1.7%. The Sensex has supports at 17,010 and 16,920 and resistances at 17,290 and 17,440. The Nifty has supports at 5,180 and 5,135 and resistances at 5,245 and 5,280.`` Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
The BSE benchmark Sensex tumbled 202 points in the mid-session trade due to fresh selling mainly in metal, banking, capital goods, consumer durable, realty and refinery counters on the back of weak Asian cues.