Pre Session : Indian markets may open on a flat note on weak global cues Analysis for Feb 09, 2012

Posted By: Religare
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Indian markets are likely to open on a flat note on weak global cues. Most of the Asian markets have opened in red on weak overnight cues from the US markets and negative cues from the European markets. The US markets ended marginally in green yesterday in the absence of any major economic or corporate development. The major European Markets ended in red yesterday in the absence of any new development in Greece. Greece"s fate hangs in balance as its politicians struggle to reach an agreement on the austerity measures.

Domestically also there are no major cues coming today. Cement stocks which are on a rally in the past few days may see some decline today on profit booking. Thomas Cook India has put up its Indian business for sale and its shares are likely to see significant movement today.

Yesterday the BSE SENSEX ended at 17707.32 up by 84.87 points or 0.48 % and the NSE Nifty closed at 5368.15 up by 33 points or 0.62 %.The BSE MIDCAP ended at 6161.39 up by 88.28 points or by 1.45 %, while the BSE SMLCAP closed at 6812.15 up by 60.17 points or by 0.89 %.The BSE Sensex touched intraday high of 17809.21 and intraday low of 17579.59 The NSE Nifty touched intraday high of 5396.9 and intraday low of 5325.2.

The net investments by FIIs on 8th February, 2012 in Indian capital markets stood at Rs 457.60 crore. The net FII investments were positive yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 2893.40 crore. The gross sales were of Rs. 2201.10 crore. The net investment in the equity markets by FIIs on February 8th , 2012 stood at Rs 692.30 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 410.80 crore. The gross sales by FIIs were of Rs 645.50 crore. The net investment by the FIIs in the debt markets stood at Rs - 234.70 crore.

Today, most of the Asian markets have opened in red on weak overnight cues from the US markets and negative cues from the European markets. At 7.40 A.M. Indian time, the Nikkei 225 was down by 50.18 points and was at 8,965.41. The Hang Seng was down by 18.71 points and was at 21,004.38. The Shanghai composite was marginally up by 1.29 points and was at 2,348.82.

The US markets ended marginally in green yesterday in the absence of any major economic or corporate development. The Nasdaq closed at 2915.86, gaining 11.78 points over the previous day"s closing. The Dow Jones Industrial gained 5.75 points and closed at 12883.95. The S & P 500 gained 2.91 points and closed at 1349.96.

The major European Markets ended in red yesterday in the absence of any new development in Greece. Greece"s fate hangs in balance as its politicians struggle to reach an agreement on the austerity measures. The lost 5.44 points and closed at 6,748.76. The FTSE 100 lost 14.33 points and closed at 5,875.93. The CAC lost 1.54 points and closed at 3,410.00.

Gold futures ended lower by 1 % to close at $ 1731.40 per ounce, while silver prices lost 1.4 % and closed at $ 33.76 per ounce. Crude oil gained 0.2 % to close at $ 98.70 per barrel.

Read more about: bse, nse
Story first published: Thursday, February 9, 2012, 10:20 [IST]
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