Market Analysis for Dec 02, 2011

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Market Analysis for Dec 02, 2011
Today, the Indian domestic markets may open in the red on weak cues from foreign markets . The Asian markets have opened on a mixed note after weak cues of the previous night from European and US markets. Yesterday the US markets too closed on a mixed note. The buyers in the US markets took a break yesterday after the rally of the previous day. The US markets now look forward to the non-farm payroll data for November which will come out today. The European Markets ended in the red as the rally of the previous two days finally broke down. Even the good demand for Spanish bonds and the decline in yields on French bonds couldn"t pull up the European markets

Yesterday, the FIIs were net buyers in the equity markets. If they continue to do so today also then the Indian markets may remain in the green. The stock of Bajaj Auto will see movement today as the company will come out with its November sales data.

Yesterday, the BSE SENSEX closed at 16483.45 up by 359.99 points or by 2.23% and the NSE Nifty ended at 4936.85 up by 104.8 points or by 2.17%. The BSE MIDCAP closed at 5682.11 up by 54.42 points or by 0.97%, while the BSE SMLCAP ended at 6123.71 up by 26.45 points or by 0.43%. The BSE Sensex touched intraday high of 16718.11 and intraday low of 16430.61 The NSE Nifty touched intraday high of 5011.9 and intraday low of 4916.7.

The net investments by FIIs on 1st December, 2011 in Indian capital markets stood at Rs 706.90 crore. The net FII investments were positive yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 6189.00 crore. The gross sales were of Rs. 6049.20 crore. The net investment in the equity markets by FIIs on December 1st, 2011 stood at Rs 139.80 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 1259.90 crore. The gross sales by FIIs were of Rs 692.80 crore. The net investment by the FIIs in the debt markets stood at Rs 567.10 crore.

Today, the Asian markets have opened on a mixed note after weak cues of the previous night from European and US markets. At 7.40 A.M. Indian time, the Nikkei 225 was up 23.50 points and was at 8620.88. The Hang Seng was down 49.77 points and was at 18954.35. The Taiwan weighted was down 26.34 points and was at 7153.50. The Shanghai composite was down 19.68 points and was at 2367.18.

Yesterday the US markets closed on a mixed note. The Nasdaq closed at 2626.20, gaining 5.86 points over the previous day"s closing. The buyers in the US markets took a break yesterday after the rally of the previous day. Some good news came from ISM manufacturing index which increased to 52.7 in November from 50.8 in October. The US markets now look forward to the non-farm payroll data for November which will come out today.

The Dow Jones Industrial lost 25.65 points and closed at 12020.03. The S & P 500 lost 2.38 points and closed at 1244.58.

The European Markets ended in the red as the rally of the previous two days finally broke down. Even the good demand for Spanish bonds and the decline in yields on French bonds couldn"t pull up the markets. The DAX lost 52.96 points and closed at 6035.88. The FTSE 100 lost 16.08 points and closed at 5489.34. The CAC lost 24.67 points and closed at 3129.95.

Gold prices lost 0.6 per cent to settle at $1739 per ounce, while silver prices were down by 0.5 per cent and closed at $32.66 per ounce. Crude oil gained 0.1 per cent to close at $100.23 per barrel.

Dion Global Solutions Ltd

Read more about: bse, nse, fii, equity, investment
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