Pre Session : A cheerful start to the week unlikely Analysis for Feb 13, 2012

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Indian markets are likely to begin the week on a weak note. Today the markets may be influenced more by the earnings results of companies. Reliance Capital posted very disappointing results and this will have some adverse impact on market sentiments. Stocks of some banks may also see battering after the news that the 700 crore loan given to Mahuaa TV by a consortium of banks that include Union Bank and Indian Overseas Bank has turned into a Non Performing Asset.

On the global front, the Asian markets have begun the week on a mixed note. The US markets ended in red on Friday. Greece"s woes continue in spite of the passage of the austerity measures and this held back the markets. The European Markets too ended the week in red as anxiety about the future of Greece and Euro zone remained in spite of the Greek austerity deal.

On Friday the BSE SENSEX closed at 17748.69 down by 82.06 points or by 0.46 % and the NSE Nifty ended at 5381.6 down by 30.75 points or by 0.57 %. The BSE MIDCAP closed at 6246.61 up by 7.04 points or by 0.11 %, while the BSE SMLCAP ended at 6890.85 down by 1.64 points or by 0.02 %. The BSE Sensex touched intraday high of 17890.11 and intraday low of 17627.14 The NSE Nifty touched intraday high of 5427.75 and intraday low of 5341.05.

The net investments by FIIs on 10th February, 2012 in Indian capital markets stood at Rs 924.70 crore. The net FII investments were positive on Friday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 3988.60 crore. The gross sales were of Rs. 2538.20 crore. The net investment in the equity markets by FIIs on February 10th , 2012 stood at Rs 1450.40 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 433.30 crore. The gross sales by FIIs were of Rs 959.00 crore. The net investment by the FIIs in the debt markets stood at Rs - 525.70 crore.

The Asian markets have begun the week on a mixed note. At 7.40 A.M. Indian time, the Nikkei 225 was up 16.31 points and was at 8,963.48. The Hang Seng was up 63.78 points and was at 20,851.98. The Shanghai composite was down 5.77 points and was at 2,346.21.

The US markets ended in red on Friday. Greece"s woes continue in spite of the passage of the austerity measures and this held back the markets. On the domestic front there was no economic data that could pull up the US markets. The Nasdaq closed at 2903.88, losing 23.35 points over the previous day"s closing. The Dow Jones Industrial lost 89.23 points and closed at 12801.23. The S & P 500 lost 9.31 points and closed at 1342.64.

The European Markets ended the week in red as anxiety about the future of Greece and Euro zone remained in spite of the Greek austerity deal. The DAX lost 95.84 points and closed at 6,692.96. The FTSE 100 lost 43.08 points and closed at 5,852.39. The CAC was down 51.57 points and closed at 3,373.14.

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