Pre Session: No clear trends emerging for Indian markets today; Analysis for Jan 06, 2012

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No clear trends are emerging for the Indian markets today. However they may open in red on negative cues from Asian markets.The Asian markets have opened in red on negative global cues from the European and US markets. The US markets ended on a mixed note yesterday. Concerns about Europe continued to bog down the sentiments of the markets. The yields in French bond auctions yesterday increased and this pulled down the Euro to a 15 month low against the US dollar. However, the market sentiments were given a boost by latest weakly initial jobless claims which declined by 15,000 week-over-week to 372,000. According to ADP employment change private payroll in United States increased by 325,000 in December and this injected positivity in the market sentiments. The European Markets ended in red yesterday as market sentiments were depressed by the decline in Euro against the dollar and the UK pound.

On the domestic front, the food inflation has turned into deflation for the week ended December 24th and this is an indicator that the central back may finally opt for cutting down interest rates. This is good news for Indian markets. The FIIs were net buyers in Indian equity markets yesterday and this supported the markets. If the continue to do so today also then the Indian markets may end the week on a positive note. On the corporate front shares of Kingfisher Airlines and SBI may see some heavy battering today after the SBI chairman classified his bank"s 1500 crore exposure to Kingfisher as a Non Performing Asset (NPA).

The net investments by FIIs on 5th January, 2012 in Indian capital markets stood at Rs 3193.60 crore. The net FII investments were positive yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 1840.30 crore. The gross sales were of Rs.1583.10 crore. The net investment in the equity markets by FIIs on January 5th, 2012 stood at Rs 257.30 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 3246.30 crore. The gross sales by FIIs were of Rs 310.10 crore. The net investment by the FIIs in the debt markets stood at Rs 2936.30 crore.

Today, the Asian markets have opened in red on negative global cues from the European and US markets. At 7.40 A.M. Indian time, the Nikkei 225 was down by 87.39 points and was at 8401.32. The Hang Seng was down 285.57 points and was at 18528.67. The Taiwan weighted was down 27.54 points and was at 7103.32. The Shanghai composite was down 5.36 points and was at 2143.09.

The US markets ended on a mixed note yesterday. Concerns about Europe continued to bog down the sentiments of the markets. The yields in French bond auctions yesterday increased and this pulled down the Euro to a 15 month low against the US dollar. However, the market sentiments were given a boost by latest weakly initial jobless claims which declined by 15,000 week-over-week to 372,000. According to ADP employment change private payroll in United States increased by 325,000 in December and this injected positivity in the market sentiments. The Nasdaq closed at 2669.86, gaining 21.50 points over the previous day"s closing. The Dow Jones Industrial lost 2.72 points and closed at 12415.7. The S & P 500 gained 3.76 points and closed at 1281.06.

The European Markets ended in red yesterday as market sentiments were depressed by the decline in Euro against the dollar and the UK pound. The Euro actually touched a 15 month low against the US dollar. The DAX lost 15.56 points and closed at 6095.99. The FTSE 100 lost 44.49 points and closed at 5624.26. The CAC was down 48.74 points and closed at 3144.91.

Gold futures ended higher by 0.5 % to close at $1622.90 per ounce, while silver prices gained 0.9 % and closed at $ 29.39 per ounce. Crude oil lost 1.45 % to close at $ 101.77 per barrel.

Read more about: bse, nse
Story first published: Friday, January 6, 2012, 10:20 [IST]
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