Pre Session : Third quarter results of Indian companies will start coming from today Analysis for Jan 10, 2012

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Indian companies will begin announcing their third quarter results from today and this will determine the course of the Indian markets over the next few days. On the global front, Indian markets are getting slightly positive cues from the Asian markets today. Most of the Asian markets have opened in green on positive cues from the US markets. The US markets ended slightly in the green yesterday in the absence of any major new development. Most of the European Markets ended in red yesterday. A meeting between officials from France and Germany failed to produce any encouraging headlines about efforts to restore conditions in the European continent and this depressed the sentiments of the market participants. The sentiments were actually so low that participants even shrugged off a bounce by the euro, which ended the day with a 0.7% gain against the dollar.

On the corporate front, IndusInd Bank will announce its third quarter results today and its shares will therefore see some movement. The FIIs again supported the markets yesterday by buying more than they sold. If they continue with this trend today also then the Indian bourses may not see any big movement on the downside.

The net investments by FIIs on 9th January, 2012 in Indian capital markets stood at Rs 2114.80 crore. The net FII investments were positive yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 1851.00 crore. The gross sales were of Rs.1825.90 crore. The net investment in the equity markets by FIIs on January 9th, 2012 stood at Rs 25.10 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 2271.40 crore. The gross sales by FIIs were of Rs 181.70 crore. The net investment by the FIIs in the debt markets stood at Rs 2089.70 crore.

Today, most of the Asian markets have opened in green on positive cues from the US markets. At 7.40 A.M. Indian time, the Nikkei was up 37.48 points and was at 8427.83. The Hang Seng was up 76.01 points and was at 18941.17. The Taiwan weighted was up 79.64 points and was at 7172.50. The Shanghai composite was up 22.92 points and was at 2248.81.

The US markets ended slightly in the green yesterday in the absence of any major new development. The Nasdaq closed at 2676.56, gaining 2.34 points over the previous day"s closing. The Dow Jones Industrial gained 32.77 points and closed at 12392.69. The S & P 500 gained 2.89 points and closed at 1280.7.

Most of the European Markets ended in red yesterday. A meeting between officials from France and Germany failed to produce any encouraging headlines about efforts to restore conditions in the European continent and this depressed the sentiments of the market participants. The sentiments were actually so low that participants even shrugged off a bounce by the euro, which ended the day with a 0.7% gain against the dollar. The DAX lost 40.69 points and closed at 6017.23. The FTSE 100 loss 37.42 points and closed at 5612.26. The CAC was down 9.67 points and closed at 3127.69.

Gold futures lost 0.5 % to close at $1609.40 per ounce, while silver prices gained 0.5 % and closed at $ 28.85 per ounce. Crude oil futures lost 0.6 % to close at $ 101.15 per barrel.

Read more about: bse, nse
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