Pre Session : Indian markets may end the week on a flat note Analysis for Jan 27, 2012

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Indian markets are getting positive cues from Asian markets today. The Asian markets have opened in green. The US markets ended in red yesterday after earnings of companies like AT & T fell way short of expectations. Total durable goods orders and orders less autos for December increased more than had been expected. However its positive impact on market sentiments was offset by the increase in weekly jobless claims to 377,000. New home sales in US came down unexpectedly to an annualized rate of 307,000 units for December. The European Markets ended on a mixed note yesterday after the retreat by the euro against the dollar pulled down the market sentiments.

The Indian markets may end a good weak on a flat note. The whole of January rally was driven by strong support given by FIIs. This trend was again reflected on Wednesday. On the last day of the week there may be some selling for booking of profits and this may put some downward pressure on the markets. Shares of Ranbaxy may see some movement after the FDA decree that brings all its facilities under cover for future violations.

On Wednesday, the BSE SENSEX closed at 17077.18 up by 81.41 points or by 0.48 % and the NSE Nifty ended at 5158.3 up by 30.95 points or by 0.6 %.The BSE MIDCAP closed at 5834.04 up by 72.13 points or by 1.25 %, while the BSE SMLCAP ended at 6408.45 up by 70.44 points or by 1.11 %.The BSE Sensex touched intraday high of 17130.24 and intraday low of 17016.69 The NSE Nifty touched intraday high of 5174.15 and intraday low of 5130.25.

The net investments by FIIs on 25th January, 2012 in Indian capital markets stood at Rs 1293.00 crore. The net FII investments were positive on Wednesday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 2997.70 crore. The gross sales were of Rs. 2088.50 crore. The net investment in the equity markets by FIIs on January 25th , 2012 stood at Rs 909.10 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 406.20 crore. The gross sales by FIIs were of Rs 22.30 crore. The net investment by the FIIs in the debt markets stood at Rs 383.90 crore.

Today, most of the Asian markets have opened in green. At 7.40 A.M. Indian time, the Nikkei 225 was up 35.62 points and was at 8,885.09. The Hang Seng was up 123.57 points and was at 20,568.75.

The US markets ended in red yesterday after earnings of companies like AT & T fell way short of expectations. Total durable goods orders and orders less autos for December increased more than had been expected. However its positive impact on market sentiments was offset by the increase in weekly jobless claims to 377,000. New home sales came down unexpectedly to an annualized rate of 307,000 units for December. The Nasdaq closed at 2805.28, losing 13.03 points over the previous day"s closing. The Dow Jones Industrial lost 22.33 points and closed at 12734.63. The S & P 500 lost 7.60 points and closed at 1318.45.

The European Markets ended on a mixed note yesterday after the retreat by the euro against the dollar pulled down the market sentiments. The DAX gained 118.00 points and closed at 6,539.85 The FTSE 100 gained 72.20 points and closed at 5795.20. The CAC was down 15.77 points and closed at 3322.65.

Gold futures ended higher by 1.5 % to close at $ 1726.60 per ounce, while silver prices gained 2.2 % and closed at $ 33.73 per ounce. Crude oil futures gained 0.2% to close at $ 99.65 per barrel.

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