Pre Session: Indian markets to open on negatie cues from Asian markets Analysis for Feb 22, 2012

Indian markets are getting negative cues from the Asian markets. Most of the Asian markets have opened in red on negative cues from the European markets and mixed cues from the US markets. China has reduced the reserve requirements for its banks but this doesn"t seem to have any positive affect on the Asian markets till now. The US markets ended on a mixed note yesterday. The market sentiments were slightly depressed after WalMart"s earnings results for the last quarter fell short of the market expectations. The Dow Jones crossed the 13000 mark yesterday for the first time in four years. The European Markets ended in red yesterday under selling pressure as market participants went for profit booking.

Oil continued to rise yesterday also on concerns of the Iranian situation exacerbating. If this trend in oil prices is not arrested then Indian markets will feel the heat. Stocks of aviation and oil marketing companies will come under pressure.

Sesa Goa is set to merge with Sterlite Industries and shares of both the companies are likely to see some movement today.

Yesterday, the BSE SENSEX closed at 18428.61 up by 139.26 points or by 0.76 % and the NSE Nifty ended at 5607.15 up by 42.85 points or by 0.77 %. The BSE MIDCAP closed at 6604.34 up by 59.78 points or by 0.91 %, while the BSE SMLCAP ended at 7202.12 up by 85.63 points or by 1.2 %. The BSE Sensex touched intraday high of 18470.86 and intraday low of 18293.8 The NSE Nifty touched intraday high of 5621.5 and intraday low of 5561.75.

The net investments by FIIs on 21st February, 2012 in Indian capital markets stood at Rs 431.90 crore. The net FII investments were positive yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 4095.00 crore. The gross sales were of Rs. 3500.40 crore. The net investment in the equity markets by FIIs on February 21st , 2012 stood at Rs 594.60 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 419.90 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 - 162.70 crore.

Today, most of the Asian markets have opened in red on negative cues from the European markets and mixed cues from the US markets. China has reduced reserve requirements for its banks but this doesn"t seem to have any positive affects on the Asian markets till now. At 7.40 A.M. Indian time, the Nikkei 225 was up 14.57 points and was at 9,477.59. The Hang Seng was down 134.63 points and was at 21,364.03. The Shanghai composite was down 5.74 points and was at 2,375.69.

The US markets ended on a mixed note yesterday. The market sentiments were slightly depressed after WalMart"s earnings results for the last quarter fell short of the market expectations. The Dow Jones crossed the 13000 mark yesterday for the first time in four years. The Nasdaq closed at 2948.57, losing 3.21 points over the previous day"s closing. The Dow Jones Industrial gained 15.82 points and closed at 12965.69. The S & P 500 gained 0.98 points and closed at 1362.21.

The European Markets ended in red yesterday under selling pressure as market participants went for profit booking. The DAX lost 40.07 points and closed at 6,908.18. The FTSE 100 lost 17.05 points and closed at 5,928.20. The CAC lost 7.30 points and closed at 3,465.24.

Gold futures ended higher by 1.4 % to close at $ 1758.40 per ounce, while silver prices gained 3.4 % and closed at $ 34.38 per ounce. Crude oil gained 2.9 % to close at $ 106.26 per barrel.