Pre Session : Indian markets to open on negative cues from foreign markets Analysis for Feb 03, 2012

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Indian markets are getting negative cues from the foreign markets today. The major Asian markets have opened in red on weak global cues from the European and US markets. The US markets ended on a mixed note yesterday after Federal Reserve Ben Bernanke said that the US economy still remains vulnerable to shocks. On the economic front news was good as weekly initial jobless claims declined by 12,000 to 367,000. US companies continue to report good quarterly earnings. The European Markets ended on a mixed note yesterday with markets like Swiss ending in red. The European market participants now look with anticipation to the conclusion of Greece"s debt-swap deal talks with its private creditors.

On the domestic front, companies like Thermax and Escorts have posted disappointing results. Their shares are likely to see adverse movements today. On the last trading day of the week, the markets are likely to see some amount of profit booking and this may put some downward pressure on them. The FIIs were net buyers of a whopping Rs 2092.7 crore yesterday. If they do the same today also then the Indian markets may touch new highs.

Yesterday, the BSE SENSEX closed at 17431.85 up by 131.27 points or by 0.76 % and the NSE Nifty ended at 5269.9 up by 34.2 points or by 0.65 %.The BSE MIDCAP closed at 5969.76 up by 32.57 points or by 0.55 %, while the BSE SMLCAP ended at 6608.97 up by 35.39 points or by 0.54 %.The BSE Sensex touched intraday high of 17504.25 and intraday low of 17308.28 The NSE Nifty touched intraday high of 5289.95 and intraday low of 5225.75.

The net investments by FIIs on 2nd February, 2012 in Indian capital markets stood at Rs 2125.00 crore. The net FII investments were positive yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 5227.20 crore. The gross sales were of Rs. 3134.50 crore. The net investment in the equity markets by FIIs on February 2nd , 2012 stood at Rs 2092.70 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 319.80 crore. The gross sales by FIIs were of Rs 287.50 crore. The net investment by the FIIs in the debt markets stood at Rs 32.30 crore.

Today, the major Asian markets have opened in red on weak global cues from the European and US markets. At 7.40 A.M. Indian time, the Nikkei 225 was down 22.56 points and was at 8,854.26. The Hang Seng was down 43.55 points and was at 20,697.63. The Shanghai composite was down 9.19 points and was at 2,303.37.

The US markets ended on a mixed note yesterday after Federal Reserve Ben Bernanke said that the US economy still remains vulnerable to shocks. On the economic front news was good as weekly initial jobless claims declined by 12,000 to 367,000. US companies continue to report good quarterly earnings. The Nasdaq closed at 2859.68, gaining 11.41 points over the previous day"s closing. The Dow Jones Industrial lost 11.05 points and closed at 12705.41. The S & P 500 gained 1.45 points and closed at 1325.52.

The European Markets ended on a mixed note yesterday with markets like Swiss ending in red. The European market participants now look with anticipation to the conclusion of Greece"s debt-swap deal talks with its private creditors. The DAX gained 38.99 points and closed at 6,655.63. The FTSE 100 gained 5.35 points and closed at 5782.56. The CAC was up 9.20 points and closed at 3,376.66.

Gold futures ended higher by 1 % to close at $ 1754.50 per ounce, while silver prices gained 2.7 % and closed at $ 34.15 per ounce. Crude oil lost 2.1 % to close at $ 96.36 per barrel.

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