Pre Session : Indian markets begin the week on positive cues from foreign markets Analysis for Feb 06, 2012

Subscribe to GoodReturns

Indian markets are getting positive cues from foreign markets today. Most of the Asian markets have opened in green on positive cues from the European and US markets. The US markets ended in green on Friday. Market sentiments got a boost from the official payroll report. Unemployment rate in January declined to 8.3 percent from 8.5 per cent. Nonfarm payrolls jumped by 243,000 and private payrolls climbed by 257,000. Another lift to the market sentiments was given by the ISM service index which increased to 56.8 in January from 52.6 in the prior month. The ISM Manufacturing Index also improved in January to 54.1 from 53.1 in the prior month. The European Markets ended the week in green on hopes that Greece will ultimately be able to convince its lenders for a debt swap deal.

Foreign Institutional Investors continue to pump in money in emerging markets like India. On Friday also, the FIIs were net investors of 2134.90 crore in Indian markets. Stocks of power companies may see some upward movement today after the power ministry launched an action plan for power reforms in the country.

On Friday, the BSE SENSEX closed at 17604.96 up by 173.11 points or by 0.99 % and the NSE Nifty ended at 5325.85 up by 55.95 points or by 1.06 %.The BSE MIDCAP closed at 6046.1 up by 76.34 points or by 1.28 %, while the BSE SMLCAP ended at 6686.55 up by 77.58 points or by 1.17 %.The BSE Sensex touched intraday high of 17630.53 and intraday low of 17382.7 The NSE Nifty touched intraday high of 5334.85 and intraday low of 5255.55.

The net investments by FIIs on 3rd February, 2012 in Indian capital markets stood at Rs 2585.30 crore. The net FII investments were positive on Friday.

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 3rd, 2012 stood at Rs 2134.90 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 1441.50 crore. The gross sales by FIIs were of Rs 991.10 crore. The net investment by the FIIs in the debt markets stood at Rs 450.40 crore.

Today, most of the Asian markets have opened in green on positive cues from the European and US markets. At 7.40 A.M. Indian time, the Nikkei 225 was up 93.05 points and was at 8,924.98. The Hang Seng was up 117.75 points and was at 20,877.14. The Shanghai composite was up 3.41 points and was at 2,333.82.

The US markets ended in green on Friday. Market sentiments got a boost from the official payroll report. Unemployment rate in January declined to 8.3 percent from 8.5 per cent. Nonfarm payrolls jumped by 243,000 and private payrolls climbed by 257,000. Another lift to the market sentiments was given by the ISM service index which increased to 56.8 in January from 52.6 in the prior month. The ISM Manufacturing Index also improved in January to 54.1 from 53.1 in the prior month .The Nasdaq closed at 2905.66, gaining 45.98 points over the previous day"s closing. The Dow Jones Industrial gained 156.82 points and closed at 12862.23. The S & P 500 gained 19.36 points and closed at 1344.90.

The European Markets ended the week in green on hopes that Greece will ultimately be able to convince its lenders for a debt swap deal. The DAX gained 111.04 points and closed at 6,766.67. The FTSE 100 gained 105.00 points and closed at 5,901.07. The CAC was up 51.26 points and closed at 3,427.92.

Gold futures ended lower by 0.8 % to close at $ 1740.20 per ounce, while silver prices lost 0.7% and closed at $ $33.73 per ounce. Crude oil futures gained 1.5 % to close at $ 97.79 per barrel.

Read more about: bse, nse
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?