Market Analysis for Nov 16, 2011

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Market Analysis for Nov 16, 2011
Today, the Indian domestic markets may open flatly. The Asian markets opened flatly today but were soon slipping in the red. The US markets closed in the green yesterday on the back of good economic data. US Retail sales data for October beat the market expectations. Retail sales in US increased by 0.5 per cent in October. However, European Markets ended in the red yesterday as Italian and Spanish bond yields touched record highs.

As the day will progress the domestic markets may slip in the red, bogged by domestic factors. The stocks of aviation companies are expected to get a beating as price of Aviation Turbine Fuel has been raised once again. Macquarie has cut down India"s growth forecast for 2011-12 to less than 7 per cent.

Yesterday, the BSE SENSEX closed at 16882.67 down by 236.07 points or by 1.38 % . The NSE Nifty ended at 5068.5 down by 79.85 points or by 1.55 %.The BSE MIDCAP closed at 5907.19 down by 156.56 points or by 2.58 %, while the BSE SMALLCAP ended at 6461.38, down by 184.11 points or by 2.77 %.The BSE Sensex touched intraday high of 17172.09 and intraday low of 16837.56. The NSE Nifty touched intraday high of 5158.75 and intraday low of 5052.85.

The net FII investment in the Indian markets on November 15th, 2011 stood at Rs 748.70 crore. The net inflows by FIIs were positive on this day.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 2542.00 crore. The gross sales were of Rs. 2326.10 crore. The net investment in the equity markets by FIIs on November 15th, 2011 stood at Rs 215.90 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 1559.40 crore. The gross sales by FIIs were of Rs 1026.60 crore. The net investment by the FIIs in the debt markets stood at Rs 532.80 crore.

Today, the Asian markets opened flatly but were soon slipping in the red. At 7.40 A.M. Indian time, the Nikkei 225 was down 14.68 points and was at 8527.08. The Hang Seng was down 247.61 points and was at 19106.13. The Taiwan weighted was down 7.78 points and was at 7483.72. The Shanghai composite was down 13.38 points and was at 2516.58.

On Tuesday, November 15th, 2011 the US markets closed in the green. The Nasdaq closed at 2684.66, gaining 28.98 points over the previous day"s closing. Stocks of technology companies provided leadership in the gains. US Retail sales data for October beat the market expectations. Retail sales increased by 0.5 per cent in October. The producer prices in US fell by 0.3 per cent in October. Trading volume was low for the second consecutive day.

The Dow Jones Industrial gained 17.18 points and closed at 12096.16. The S & P 500 gained 6.03 points and closed at 1257.81. The New York Stock Exchange composite (NYA) gained 15.75 points and closed at 7509.05.

The European Markets ended in the red yesterday as Italian and Spanish bond yields touched record highs. The DAX lost 51.88 points and closed at 5933.14. The FTSE 100 lost 1.60 points and closed at 5517.44. The ATX was down 36.80 points and closed at 1873.00.

Gold prices ended higher by 0.1 per cent to settle at $1782.20 per ounce, while silver prices were up 1.2 per cent and closed at $34.46 per ounce. Crude oil gained 1.3 per cent to close at $99.37 per barrel.

Dion Global Solutions Ltd

Read more about: bse, nse, market, fuel, growth
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