Pre Session: Indian markets getting strong negative cues from across the globe Analysis for Jan 16, 2012

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Indian markets are getting strong negative cues globally after Standard & Poor"s cut down the credit ratings of nine European Union nations which include France, Spain, Italy and Austria. Standard & Poor"s cut down France"s triple – A rating by one notch to AA+. More bad news followed after Greece"s talks with banks on taking a haircut on their Greek debt failed.

The Asian markets have opened in red on negative global cues from the European and US markets. The US markets ended in red on Friday as market sentiments got depressed by the impending downgrades of credit ratings of European nations by Standard & Poor"s. Market sentiments were further depressed by the disappointing quarterly results of JP Morgan Chase. University of Michigan"s consumer confidence survey showed that consumer confidence has increased in December and this injected some positivity in the markets. Most of the European Markets ended in red on Friday as market sentiments went for a toss on the news of possible ratings downgrade of European countries by Standard & Poor"s.The Euro touched a 16 month low against the dollar and added to the fear of the market participants. The earnings announcement by domestic companies will have an impact on Indian markets as the day progresses. The FIIs continued to be net investors in Indian markets on Friday and their support today may protect the Indian equity markets from large down - swings. Shares of Thomas Cook India may see large movements as its UK promoters are set to sell their stake in it.

The net investments by FIIs on 13th January, 2012 in Indian capital markets stood at Rs 3318.80 crore. The net FII investments were positive yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 2526.80 crore. The gross sales were of Rs.2001.30 crore. The net investment in the equity markets by FIIs on January 13th , 2012 stood at Rs 525.40 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 3091.60 crore. The gross sales by FIIs were of Rs 298.20 crore. The net investment by the FIIs in the debt markets stood at Rs 2793.40 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 128.68 points and was at 8371.40. The Hang Seng was down 186.46 points and was at 19020.59. The Taiwan weighted was down 72.46 points and was at 7108.91. The Shanghai composite was down 19.60 points and was at 2224.98.

The US markets ended in red on Friday as market sentiments got depressed by the impending downgrades of credit ratings of European nations by Standard & Poor"s. Market sentiments were further depressed by the disappointing quarterly results of JP Morgan Chase. University of Michigan"s consumer confidence survey showed that consumer confidence has increased in December and this injected some positivity in the markets. The Nasdaq closed at 2710.67, losing 14.03 points over the previous day"s closing. The Dow Jones Industrial lost 48.96 points and closed at 12422.06. The S & P 500 lost 6.41 points and closed at 1289.09.

Most of the European Markets ended in red on Friday as market sentiments went for a toss on the news of possible ratings downgrade of European countries by Standard & Poor"s.The Euro touched a 16 month low against the dollar and added to the fear of the market participants. The DAX lost 36.13 points and closed at 6143.08. The FTSE 100 lost 25.78 points and closed at 5636.64. The CAC was down 3.49 points and closed at 3196.49.

On Friday Gold futures ended lower by $ 16.60 to close at $1631.10 per ounce, while silver prices lost $0. 64 and closed at $ 29.48 per ounce. Crude oil futures lost $ 0.29 to close at $ 98.68 per barrel.

Read more about: bse, nse
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