Pre Session: Indian markets get positive cues from foreign markets Analysis for Jan 19, 2012

Posted By: Religare
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The Indian markets are getting positive cues from global markets today. The Asian markets have opened in green on positive cues from the US markets. The US markets ended in green yesterday. Market sentiments were bolstered by the statement of IMF which said that it will increase its lending capacity by more than 500 billion Euros for supporting liquidity and meeting financing demands in Euro zone. The earnings results of Goldman Sachs and U.S. Bancorp beat the expectations of the market and strengthened the upbeat mood. The World Bank lowered its global growth forecast to 2.5 per cent but this didn"t seem to have dampened the sentiments of the market. The European markets ended on a mixed note yesterday after IMF"s statement regarding increasing its lending capacity managed to give some lift to the market sentiments.

On the corporate front companies like Godrej Property and SKS Microfinance will come with their third quarter results today and their stocks will therefore see movement. The FIIs provided strong support to Indian markets yesterday as the domestic institutions went for heavy selling. The behavior of FIIs today will again be an important determinant of the course of the market.

Yesterday, the BSE SENSEX closed at 16451.47 down by 14.58 points or by 0.09 % and the NSE Nifty ended at 4955.8 down by 11.5 points or by 0.23 %.The BSE MIDCAP closed at 5589.89 down by 65.43 points or by 1.16 %, while the BSE SMLCAP ended at 6195.7 down by 62.75 points or by 1 %.The BSE Sensex touched intraday high of 16517.96 and intraday low of 16384.48 The NSE Nifty touched intraday high of 4980.65 and intraday low of 4931.05.

The net investments by FIIs on 18th January, 2012 in Indian capital markets stood at Rs 1090.70 crore. The net FII investments were positive yesterday.

The gross purchases by the FIIs in the Indian equity markets were of Rs. 2975.90 crore. The gross sales were of Rs.1911.40 crore. The net investment in the equity markets by FIIs on January 18th, 2012 stood at Rs 1064.50 crore.

The gross purchases by the FIIs in the Indian debt markets were of Rs 964.60 crore. The gross sales by FIIs were of Rs 938.40 crore. The net investment by the FIIs in the debt markets stood at Rs 26.20 crore.

Today the Asian markets have opened in green on positive cues from US markets. At 7.40 A.M. Indian time, the Nikkei 225 was up 113.19 points and was at 8663.77. The Hang Seng was up 251.61 points and was at 19939.25. The Shanghai composite was up 36.03 points and was at 2302.41.

The US markets ended in green yesterday.Market sentiments were bolstered by the statement of IMF which said that it will increase its lending capacity by more than 500 billion Euros for supporting liquidity and meeting financing demands in Euro zone. The earnings results of Goldman Sachs and U.S. Bancorp beat the expectations of the market and strengthened the upbeat mood. The World Bank lowered its global growth forecast to 2.5 per cent but this didn"t seem to have dampened the sentiments of the market.The Nasdaq closed at 2769.71, gaining 41.63 points over the previous day"s closing. The Dow Jones Industrial gained 96.88 points and closed at 12578.95. The S & P 500 gained 14.37 points and closed at 1308.04.

The European markets ended on a mixed note yesterday after IMF"s statement regarding increasing its lending capacity managed to give some lift to the market sentiments. The DAX gained 21.64 points and closed at 6354.57. The FTSE 100 gained 8.42 points and closed at 5702.37. The CAC was down by 5.06 points and closed at 3264.93.

Gold futures ended higher by 0.3 % to close at $1659.90 per ounce, while silver futures gained 1.1 % and closed at $ 30.47 per ounce. Crude oil futures lost 0.1 % to close at $ 100.61 per barrel.

Read more about: bse, nse
Story first published: Thursday, January 19, 2012, 10:20 [IST]
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