Pre Session : Global liquidity may continue to fuel Indian markets today also Analysis for Feb 10, 2012

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Indian markets are today getting weak positive cues from Asian markets. Most of the Asian markets have opened on a mixed note in spite of generally positive cues from the European and US markets. The US markets ended slightly in green yesterday on the news of Greek austerity deal being concluded. The major European Markets ended in green yesterday after Greek finally managed to pull through an austerity deal.

The global markets have not responded warmly to the passage of Greek austerity deal as much still needs to be done before the crisis is finally fixed. The Indian Index of Industrial Production data is due to come out today, but this is not likely to have any significant impact on the markets. The global liquidity continues to fuel Indian markets as FIIs pour in money . It won't be therefore too much of a surprise if both Sensex and Nifty manage to break new levels in the coming days. However any adverse global or domestic development is as likely to reverse the bullish trend in the high Beta Indian markets.

Yesterday the BSE SENSEX closed at 17830.75 up by 123.43 points or by 0.7 % and the NSE Nifty ended at 5412.35 up by 44.2 points or by 0.82 %.The BSE MIDCAP closed at 6239.57 up by 78.18 points or by 1.27 %, while the BSE SMLCAP ended at 6892.49 up by 80.34 points or by 1.18 %.The BSE Sensex touched intraday high of 17879.46 and intraday low of 17609.43 The NSE Nifty touched intraday high of 5423.4 and intraday low of 5338.9.

The net investments by FIIs on 9th February, 2012 in Indian capital markets stood at Rs 1277.70 crore. The net FII investments were positive yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 4405.40 crore. The gross sales were of Rs. 3954.90 crore. The net investment in the equity markets by FIIs on February 9th , 2012 stood at Rs 450.50 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 1409.80 crore. The gross sales by FIIs were of Rs 582.60 crore. The net investment by the FIIs in the debt markets stood at Rs 827.20 crore.

Today, most of the Asian markets have opened on a mixed note in spite of generally positive cues from the European and US markets. At 7.40 A.M. Indian time, the Nikkei 225 was down 17.40 points and was at 8,984.84. The Hang Seng was down 51.15 points and was at 20,960.43. The Shanghai composite was up 5.89 points and was at 2,355.48.

The US markets ended slightly in green yesterday on the news of Greek austerity deal being concluded. The Nasdaq closed at 2927.23, gaining 11.37 points over the previous day"s closing. The Dow Jones Industrial gained 6.51 points and closed at 12890.46. The S & P 500 gained 1.99 points and closed at 1351.95.

The major European Markets ended in green yesterday after Greek finally managed to pull through an austerity deal. The DAX gained 40.04 points and closed at 6,788.80. The FTSE 100 gained 19.54 points and closed at 5,895.47. The CAC was up 14.71 points and closed at 3,424.71.

Gold futures ended higher by 0.6 % to close at $ 1741.20 per ounce, while silver prices gained 0.6 % and closed at $ 34.01 per ounce. Crude oil gained 1.2 % to close at $ 99.84 per barrel.

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