However as the day will progress domestic factors will dominate the market. The October inflation data will come out today. The September quarter was not a good one for Indian corporate sector. Total net profits of Indian company came down for the first time in nine quarters. The results of companies like Tata Motors will be announced today.
On Friday, November 11th, BSE SENSEX closed at 17192.82 down by 169.28 points or 0.97 % . NSE Nifty was at 5168.85 down by 52.2 points or 1 %.The BSE MIDCAP closed at 6162.35, down by 70.34 points or by 1.13 %, while the BSE SMALL CAP ended at 6764.72, down by 107.84 points or 1.57 %.The BSE Sensex touched intra-day high of 17279.23 and intra-day low of 17096.84. The NSE Nifty touched intra-day high of 5198.6 and intra-day low of 5142.25.
Today, the Asian markets have opened in the green. At 7.40 A.M. Indian time, the Nikkei 225 was up 125.41 points and was at 8640.16. The Hang Seng was up 422.15 points and was at 19522.14. The Taiwan weighted was up 151.04 points and was at 7519.92. The Shanghai composite was up 18.06 points and was at 2499.94.
On Friday, November 11th, 2011 the US markets closed on a strong note. The Nasdaq closed at 2677.21, gaining 53.60 points over the previous day"s closing. The US markets were bolstered by the rally in the European markets. The decline in the yields of Italian bonds brought some relief to the markets. The Italian austerity plan seems to be gaining momentum.
The Dow Jones Industrial gained 259.89 points and closed at 12153.68. The S & P 500 gained 24.16 points and closed at 1263.85. The New York Stock Exchange composite (NYA) gained 152.50 points and closed at 7576.18.
The European Markets ended in the green on Friday on the back of the news of decrease in Italian bond yields and the Italian austerity plan being a step closer to implementation. The DAX gained 189.22 points and closed at 6057.03. The FTSE 100 gained 100.56 points and closed at 5545.38. The ATX was up 45.00 points and closed at 1920.00 .
On Friday,November 11th, Gold prices ended higher by 1.6 per cent to settle at $1788.10 per ounce, while silver prices were up 1.7 per cent and closed at $34.69 per ounce. Crude oil gained 1.2 per cent to close at $98.99 per barrel.
Dion Global Solutions Ltd