Pre Session: Indian markets begin the week on weak global cues Analysis for Jan 09, 2012

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The Indian markets are getting weak global cues from their foreign peers today. Most of the Asian markets have opened in red on weak global cues from the European and US markets. The Japanese Nikkei is shut down today. The US markets ended on a mixed note on Friday. Market sentiments were depressed by the continuing decline of Euro. The market participants got some boost by the December payrolls data. Headline unemployment rate came down to 8.5% from 8.6% in the prior month. Nonfarm payrolls climbed by 200,000, which exceeds the increase of 150,000 that had been expected. Private payrolls increased by 212,000. Most of the European Markets ended in red on Friday, as market sentiments were bogged down by the steady decline of Euro. On the domestic front, no good news is expected to come. The international sanctions against Iran only add to the economic woes of India as Iran is the second largest supplier of crude oil to the country after Saudi Arabia. The sanctions may put further upward pressure on crude oil prices which will once again increase inflationary pressures in the economy. This may hold the central bank from cutting down interest rates, which the Indian markets so eagerly anticipate. If the FIIs continue with their net buying trend today also then Indian equity markets will get an important support during the day.

The net investments by FIIs on 6th January, 2012 in Indian capital markets stood at Rs 1649.90 crore. The net FII investments were positive on Friday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 2248.40 crore. The gross sales were of Rs.1699.20 crore. The net investment in the equity markets by FIIs on January 6th, 2012 stood at Rs 549.30 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 1338.50 crore. The gross sales by FIIs were of Rs 237.90 crore. The net investment by the FIIs in the debt markets stood at Rs 1100.60 crore.

Today, most of the Asian markets have opened in red on weak global cues from the European and US markets.The Japanese Nikkei is shut down today. At 7.40 A.M. Indian time, the Hang Seng was down 125.06 points and was at 18465.22. The Taiwan weighted was down 47.74 points and was at 7073.22. The Shanghai composite was up 28.87 points and was at 2192.26.

The US markets ended on a mixed note on Friday. Market sentiments were depressed by the continuing decline of Euro. The market participants got some boost by the December payrolls data. Headline unemployment rate came down to 8.5% from 8.6% in the prior month. Nonfarm payrolls climbed by 200,000, which exceeds the increase of 150,000 that had been expected. Private payrolls increased by 212,000.The Nasdaq closed at 2674.22, gaining 4.36 points over the previous day"s closing. The Dow Jones Industrial lost 55.78 points and closed at 12359.92. The S & P 500 lost 3.25 points and closed at 1277.81.

Most of the European Markets ended in red on Friday, as market sentiments were bogged down by the steady decline of Euro. The DAX lost 38.07 points and closed at 6057.92. The FTSE 100 gained 25.42 points and closed at 5649.68. The CAC was down 7.55 points and closed at 3137.36.

Gold futures lost 0.3 % to close at $1617.30 per ounce, while silver prices lost 2.3 % and closed at $ 28.72 per ounce. Crude oil futures lost 1.4 % to close at $ 101.77 per barrel.

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