Pre Session : Indian markets to open on negative cues from Asian markets Analysis for Feb 14, 2012

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Indian markets are getting negative cues from Asian markets today. The US markets ended in green yesterday after sentiments were uplifted by the news of the Greek parliament passing the austerity measures required for securing the bailout. The European Markets too ended in green yesterday after the markets got some solace by the passage of the required austerity measures in the Greek parliament. However concerns regarding their implementation remain high in the face of public protests.

Lanco"s quarterly results are better than expected and its shares may see some positive movement today. The company has also decided to sell its wind energy business and has mandated Ernst & Young for finding a buyer. The global liquidity continues to drive the Indian markets with FIIs being net buyers yesterday also. The chances have increased that the rally which started in January is here too stay for sometime.

Yesterday the BSE SENSEX closed at 17772.84 up by 24.15 points or by 0.14 % and the NSE Nifty ended at 5390.2 up by 8.6 points or by 0.16 %. The BSE MIDCAP closed at 6275.06 up by 28.45 points or by 0.46 %, while the BSE SMLCAP ended at 6903.57 up by 12.72 points or by 0.18 %. The BSE Sensex touched intraday high of 17849.64 and intraday low of 17665.89 The NSE Nifty touched intraday high of 5421.05 and intraday low of 5351.4.

The net investments by FIIs on 13rd February, 2012 in Indian capital markets stood at Rs 2068.90 crore. The net FII investments were positive yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 2666.40 crore. The gross sales were of Rs. 2323.10 crore. The net investment in the equity markets by FIIs on 13rd February, 2012 stood at Rs 343.30 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 2402.10 crore. The gross sales by FIIs were of Rs 676.50 crore. The net investment by the FIIs in the debt markets stood at Rs 1725.60 crore.

Today, most of the Asian markets have opened in red in spite of the overnight positive cues from the European and US markets. At 7.40 A.M. Indian time, the Nikkei 225 was down 13.39 points and was at 8,985.79. The Hang Seng was down 17.76 points and was at 20,869.59. The Shanghai composite was down 6.20 points and was at 2,345.65.

The US markets ended in green yesterday after sentiments were uplifted by the news of the Greek parliament passing the austerity measures required for securing the bailout. The Nasdaq closed at 2931.39 gaining 27.51 points over the previous day"s closing. The Dow Jones Industrial gained 72.81 points and closed at 12874.04. The S & P 500 gained 9.13 points and closed at 1351.77.

The European Markets ended in green yesterday after the markets got some solace by the passage of the required austerity measures in the Greek parliament. However concerns regarding their implementation remain high in the face of public protests against them. The DAX gained 45.51 points and closed at 6,738.47. The FTSE 100 gained 53.31 points and closed at 5,905.70. The CAC was up 11.41 points and closed at 3,384.55.

Read more about: bse, nse
Story first published: Tuesday, February 14, 2012, 10:20 [IST]
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