Pre Session : The January cheer may continue today also Analysis for Jan 18, 2012

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Indian market sentiments have got a lift today by the agreement of the group of ministers on allowing up to 49 % FDI in airline companies. The issue is now likely to get the approval of the Cabinet and it will be a big boost for the aviation sector and Indian economy in general. On the corporate front Reliance Industries Limited has said that it is mulling share buyback and its shares may therefore see some movement.

Indian markets are getting mixed cues from global markets today after China reported slowest GDP growth numbers in 10 quarters. This at 8.9 % is still better than the expectations of many market participants. The Asian markets have opened on a mixed note. The US markets ended in green yesterday. Market sentiments were given a boost by China"s fourth quarter GDP number. Most of the European Markets ended in green yesterday after market sentiments were lifted by the upbeat economy survey in Germany.

The net investments by FIIs on 17th January, 2012 in Indian capital markets stood at Rs 1233.50 crore. The net FII investments were positive yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 1990.50 crore. The gross sales were of Rs.1543.20 crore. The net investment in the equity markets by FIIs on January 17th, 2012 stood at Rs 447.30 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 1169.90 crore. The gross sales by FIIs were of Rs 383.70 crore. The net investment by the FIIs in the debt markets stood at Rs 786.20 crore.

The Asian markets have opened on a mixed note. At 7.40 A.M. Indian time, the Nikkei 225 was up 14.59 points and was at 8480.99. The Hang Seng was up 36.35 points and was at 19669.80. The Taiwan weighted was down 0.80 points and was at 7219.79. The Shanghai composite was down 8.76 points and was at 2289.62.

The US markets ended in green yesterday. Market sentiments were given a boost by China"s fourth quarter GDP number. China's fourth quarter GDP grew y-o-y by 8.9% . The Nasdaq closed at 2728.08, gaining 17.41 points over the previous day"s closing. The Dow Jones Industrial gained 60.01 points and closed at 12482.07. The S & P 500 gained 4.58 points and closed at 1293.67.

Most of the European Markets ended in green yesterday after market sentiments were lifted by the upbeat economy survey in Germany. The Euro strengthened against the dollar and this encouraged the markets. The DAX gained 112.92 points and closed at 6332.93. The FTSE 100 gained 36.51 points and closed at 5693.95. The CAC was up 44.99 points and closed at 3626.99.

Gold futures ended higher by 0.4 % to close at $1655 per ounce, while silver futures ended slightly lower and closed at $ 30.13 per ounce. Crude oil futures gained 2.1 % to close at $ 100.71 per barrel.

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