Pre Session : No clear trends on the last day of the week Analysis for Jan 13, 2012

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No clear trends are emerging for Indian markets today. Most of the Asian markets have opened slightly in the green in spite of weak global cues from the European and US markets. The US markets ended in green yesterday in spite of some disappointing economic data. Retail Sales during December increased by only 0.1 per cent and retail sales without auto sales actually decreased by 0.2 per cent. Initial weekly jobless claims too increased to 399,000 from 375,000. The European Markets ended on a mixed note yesterday after market sentiments were given some support by the successful Spanish and Italian bond auctions.

The growth in Indian industrial production in November was a positive development. Yesterday"s decline was driven by the not so cheerful FY 12 guidance given by Infosys. However, today the markets may see some correction in the IT sector stocks especially that of Infosys. The FIIs continued to be net buyers yesterday also, and on the last day of the week if they remain net buyers then the Indian markets will end the week without any major upheavals. The net investments by FIIs on 12th January, 2012 in Indian capital markets stood at Rs 2097.90 crore. The net FII investments were positive yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 2629.60 crore. The gross sales were of Rs.2132.10 crore. The net investment in the equity markets by FIIs on January 12th, 2012 stood at Rs 497.50 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 2246.00 crore. The gross sales by FIIs were of Rs 645.60 crore. The net investment by the FIIs in the debt markets stood at Rs 1600.40 crore.

Today, most of the Asian markets have opened slightly in the green in spite of weak global cues from the European and US markets. At 7.40 A.M. Indian time, the Nikkei 225 was up 88.24 points and was at 8473.83. The Hang Seng was up 16.13 points and was at 19116.23. The Taiwan weighted was up 13.36 points and was at 7199.94. The Shanghai composite was down 17.44 points and was at 2257.57.

The US markets ended in green yesterday in spite of some disappointing economic data. Retail Sales during December increased by only 0.1 per cent and retail sales without auto sales actually decreased by 0.2 per cent. Initial weekly jobless claims too increased to 399,000 from 375,000. Market sentiments were initially depressed because of the lackluster economic data and US markets slid in the first half, before recovering in the latter half. The Nasdaq closed at 2724.7, gaining 13.94 points over the previous day"s closing. The Dow Jones Industrial gained 21.57 points and closed at 12471.02. The S & P 500 gained 3.02 points and closed at 1295.5.

The European Markets ended on a mixed note yesterday after market sentiments were given some support by the successful Spanish and Italian bond auctions. The DAX gained 26.87 points and closed at 6179.21. The FTSE 100 lost 8.40 points and closed at 5662.42. The CAC was down 4.85 points and closed at 3199.98.

Gold futures ended higher by 0.5 % to close at $1648 per ounce, while silver prices gained 0.8 % and closed at $ 30.15 per ounce. Crude oil futures lost 1.9 % to close at $ 99.07 per barrel.

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