Pre Session : Indian markets to begin the session on weak global cues Analysis for Feb 07, 2012

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Indian markets are getting weak cues from foreign markets today. Most of the Asian markets have opened on a mixed note on negative cues from the European and US markets. The US markets ended in red yesterday. The problems of Greece once again weighed down on the sentiments of the market. There was dearth of any economic data or major earnings result that could pull up the sentiments of the market. Most of the European Markets ended in red yesterday over Greek uncertainties.

The rally that domestic markets are seeing lately may continue today if no adverse shocks emerge on the front of Greece. The good numbers of Hindustan Lever Limited has pulled up the sentiments of the market participants regarding FMCG stocks. Stocks of FMCG companies may therefore see some up movement today. The liquidity flowing from Europe may once again find its way into Indian markets today and FIIs may provide critical support to the Bull Run.

Yesterday the BSE SENSEX closed at 17707.31 up by 102.35 points or by 0.58 % and the NSE Nifty ended at 5361.65 up by 35.8 points or by 0.67 %.The BSE MIDCAP closed at 6122.57 up by 76.47 points or by 1.26 %, while the BSE SMLCAP ended at 6781.93 up by 95.38 points or by 1.43 %.The BSE Sensex touched intraday high of 17829.72 and intraday low of 17595.1 The NSE Nifty touched intraday high of 5390.05 and intraday low of 5327.25.

The net investments by FIIs on 6th February, 2012 in Indian capital markets stood at Rs 715.30 crore. The net FII investments were positive yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 3192.30 crore. The gross sales were of Rs. 2218.40 crore. The net investment in the equity markets by FIIs on February 6th , 2012 stood at Rs 974.00 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 663.00 crore. The gross sales by FIIs were of Rs 921.70 crore. The net investment by the FIIs in the debt markets stood at Rs -258.70 crore.

Today, most of the Asian markets have opened on a mixed note on negative cues from the European and US markets. At 7.40 A.M. Indian time, the Nikkei 225 was down 15.76 points and was at 8,913.44. The Hang Seng was up 7.27 points and was at 20,716.70. The Shanghai composite was down 29.82 points and was at 2,301.32.

The US markets ended in red yesterday. The problems of Greece once again weighed down on the sentiments of the market. There was dearth of any economic data or major earnings result that could pull up the sentiments of the market. The Nasdaq closed at 2901.99, losing 3.67 points over the previous day"s closing. The Dow Jones Industrial lost 17.10 points and closed at 12845.13. The S & P 500 lost 0.57 points and closed at 1344.33.

Most of the European Markets ended in red yesterday over Greek uncertainties. The DAX lost 1.84 points and closed at 6,764.83. The FTSE 100 lost 54.01 points and closed at 5,892.20. The CAC lost 22.65 points and closed at 3,405.27. Gold futures ended lower by 1 % to close at $ 1723.00 per ounce, while silver prices closed at $ 33.76 per ounce. Crude oil futures lost 0.8 % to close at $ 96.99 per barrel.

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