The lower house of the Indian parliament passed the anti-corruption Lokpal Bill yesterday and it is to be seen how the markets react to it today. Stocks of Anil Ambani group companies may continue to do well on expectations of a reconciliation between the Ambani brothers in the near future. The FIIs were net buyers yesterday in the Indian equity markets and if they continue the same trend today the Indian markets may gain some more strength as the day progresses.
Yesterday, the BSE SENSEX closed at 15873.95 down by 96.8 points or by 0.61 % and the NSE Nifty ended at 4750.5 down by 28.5 points or by 0.6 %.The BSE MIDCAP closed at 5192.36 down by 35.87 points or by 0.69 %, while the BSE SMLCAP ended at 5650.02 down by 19.96 points or by 0.35 %.The BSE Sensex touched intraday high of 16049.12 and intraday low of 15799.63 The NSE Nifty touched intraday high of 4800.5 and intraday low of 4723.65.
The net investments by FIIs on 27th December, 2011 in Indian capital markets stood at Rs - 906.20 crore. The net FII investments were negative yesterday.
The gross purchases by the FIIs in the Indian equity markets were of Rs. 540.00 crore. The gross sales were of Rs.386.30 crore. The net investment in the equity markets by FIIs on December 27th, 2011 stood at Rs 153.70 crore.
The gross purchases by the FIIs in the Indian debt markets were of Rs 378.10 crore. The gross sales by FIIs were of Rs 1438.00 crore. The net investment by the FIIs in the debt markets stood at Rs – 1050.90 crore.
Today, most of the Asian markets have opened in red on lack of cues from the European and US markets. At 7.40 A.M. Indian time, the Nikkei 225 was down 4.32 points and was at 8436.24. The Hang Seng was down 115.54 points and was at 18508.15. The Taiwan weighted was down 14.79 points and was at 7070.70. The Shanghai composite was down 14.59 points and was at 2151.62.
The US markets closed on a mixed note on the first day of trading after Christmas. There was lack of any driving news and this kept the sentiments of the market participants unmoved. The US Consumer Confidence Index for December rose to 64.5 from 56.0 in November and this was some good news for the markets. The Nasdaq closed at 2625.2, gaining 6.56 points over the previous day"s closing. The Dow Jones Industrial lost 2.65 points and closed at 12291.05. The S & P 500 gained .10 points and closed at 1265.4.
The European Markets closed on a mixed note yesterday in the absence of any major development. The market participants now look forward to 20 billion Euros worth of Italian bond auctions today and tomorrow. The DAX gained 10.83 points and closed at 5889.76. The FTSE 100 gained 55.73 points and closed at 5512.70. The CAC was up 1.02 points and closed at 3103.11.
Gold futures ended lower by 0.7 % to close at $1595.50 per ounce, while silver prices lost 1.5 % and closed at $ 28.73 per ounce. Crude oil gained 1.5 % to close at $ 101.34 per barrel.
Dion Global Solutions Ltd