Markets celebrate ahead of New Year: Analysis for Dec 21, 2011

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Markets celebrate ahead of New Year
The Indian markets are getting strong cues from their foreign peers today. The Asian markets have opened strongly in the green on strong positive cues from the European and US markets. The US markets ended in green yesterday on the back of a strong rally. The strong closing of European markets bolstered the sentiments of US markets.

The benchmark Sensex opened 313 points up at 15,487.75 on Wednesday and jumped as much as 2.2% or 320 points in an early trade tracking the rally in global markets.

Strong buying by market participants brought some amount of Christmas cheer to the markets. The European Markets ended in green yesterday after a strong bounce back. Market sentiments were bolstered by the decline in yields on Spanish bonds. The European market sentiments were strengthened by the increase in German business and consumer confidence in December.

However the strong global cues may be dampened by the depressed domestic sentiments. The government is trying to come out of its policy paralysis and the Cabinet cleared the Lokpal bill yesterday. Indian markets may continue with their decline today also if FIIs resort to heavy selling before going to Christmas and New Year.

Yesterday, the BSE SENSEX closed at 15175.08 down by 204.26 points or by 1.33% and the NSE Nifty ended at 4544.2 down by 68.9 points or by 1.49%.The BSE MIDCAP closed at 5076.04 down by 96.06 points or by 1.86%, while the BSE SMLCAP ended at 5465.7 down by 80.46 points or by 1.45%.The BSE Sensex touched intraday high of 15448.13 and intraday low of 15135.86. The NSE Nifty touched intraday high of 4637.25 and intraday low of 4531.15.

The net investments by FIIs on 20th December, 2011 in Indian capital markets stood at Rs - 138.20 crore. The net FII investments were negative yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 2245.40 crore. The gross sales were of Rs.2641.50 crore. The net investment in the equity markets by FIIs on December 20th, 2011 stood at Rs -396.20 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 1176.70 crore. The gross sales by FIIs were of Rs 918.70 crore. The net investment by the FIIs in the debt markets stood at Rs 258.00 crore.

Today, most of the Asian markets have opened strongly in green on strong positive cues from the European and US markets. At 7.40 A.M. Indian time, the Nikkei 225 was up 117.71 points and was at 8453.52. The Hang Seng was up 335.10 points and was at 18413.30. The Taiwan weighted was up 272.58 points and was at 6935.76. The Shanghai composite was up 17.52 points and was at 2233.45.

The US markets ended in green yesterday on the back of a strong rally.The strong closing of European markets bolstered the sentiments of US markets. Strong buying by market participants brought some amount of Christmas cheer to the markets. The Nasdaq closed at 2603.73, gaining 80.59 points over the previous day"s closing. The Dow Jones Industrial gained 337.32 points and closed at 12103.58. The S & P 500 gained 35.95 points and closed at 1241.3.

The European Markets ended in green yesterday after a strong bounce back. Market sentiments were bolstered by the decline in yields on Spanish bonds. Spanish bond yields came to just over 5 per cent in yesterday"s auction. The market sentiments were strengthened by the increase in German business and consumer confidence in December. The DAX gained 176.32 points and closed at 5847.03. The FTSE 100 gained 54.61 points and closed at 5419.60. The CAC was up 81.19 points and closed at 3055.39.

Gold gained 1.30 % to close at $1617.60 per ounce, while silver prices gained 2.2 % and closed at $ 29.54 per ounce. Crude oil gained 3.3 % to close at $ 97.24 per barrel.

Dion Global Solutions Ltd

Read more about: bse, nse, gold, silver, europe, germany, fii
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