Pre Session : Indian markets likely to open in red on negative cues from Asian markets Analysis for Jan 30, 2012

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Indian markets may open the week in red on negative cues from Asian markets. Most of the Asian markets have started the week in red. The US markets ended on a mixed note on Friday after market participants were left slightly disappointed by an advance estimate on fourth quarter GDP, which showed that the economy grew at an annualized rate of 2.8% in the fourth quarter. The earnings results elicited mixed responses from the market participants. The European Markets ended in red on Friday in spite of the rally in Euro against the dollar.

The January rally was driven by strong FII inflows in emerging markets including India. Friday saw net buying of Rs 1172.20 crore by FIIs in Indian equity markets. If this trend sustains then January rally may continue in February also. The playing out of the Euro zone crisis will also have a significant impact on the Indian market sentiments in the second month of 2012.

On Friday, the BSE SENSEX closed at 17233.98 up by 156.8 points or by 0.92 % and the NSE Nifty ended at 5204.7 up by 46.4 points or by 0.9 %.The BSE MIDCAP closed at 5872.36 up by 38.32 points or by 0.66 %, while the BSE SMLCAP ended at 6491.69 up by 83.24 points or by 1.3 %.The BSE Sensex touched intraday high of 17258.97 and intraday low of 17106.57 The NSE Nifty touched intraday high of 5217 and intraday low of 5162.4.

The net investments by FIIs on 27th January, 2012 in Indian capital markets stood at Rs 1062.70 crore. The net FII investments were positive on Friday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 3890.50 crore. The gross sales were of Rs. 2718.30 crore. The net investment in the equity markets by FIIs on January 27th , 2012 stood at Rs 1172.20 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 139.60 crore. The gross sales by FIIs were of Rs 249.10 crore. The net investment by the FIIs in the debt markets stood at Rs -109.50 crore.

Today, most of the Asian markets have started the week in red. At 7.40 A.M. Indian time, the Nikkei 225 was down 54.14 points and was at 8,787.08. The Hang Seng was down 132.64 points and was at 20,352.83. The Shanghai composite was down 21.03 points and was at 2,298.09. The Taiwan weighted was up by 201.65 points and was at 7,434.77.

The US markets ended on a mixed note on Friday after market participants were left slightly disappointed by an advance estimate on fourth quarter GDP, which showed that the economy grew at an annualized rate of 2.8% in the fourth quarter. The earnings results elicited mixed responses from the market participants. The Nasdaq closed at 2816.55, gaining 11.27 points over the previous day"s closing. The Dow Jones Industrial lost 74.17 points and closed at 12660.46. The S & P 500 lost 2.11 points and closed at 1316.33 .

The European Markets ended in red on Friday in spite of the rally in Euro against the dollar. The DAX lost 27.87 points and closed at 6,511.98 . The FTSE 100 lost 61.75 points and closed at 5,733.45. The CAC was down 44.47 points and closed at 3,318.76.

On Friday, gold futures ended higher by 0.3 % to close at $ 1732.60 per ounce, while silver prices gained a cent to closed at $ 33.74 per ounce. Crude oil futures lost 0.2% to close at $ 99.47 per barrel.

Read more about: bse, nse
Story first published: Monday, January 30, 2012, 10:20 [IST]
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