Today Markets are likely to open negative as majority of Asian markets opened with blood bath and the sentiments across domestic markets are very fragile. The GDP numbers for the second quarter is better than expected at 7.6%. However economists are skeptic about the next two quarters’ GDP and hence once could anticipate further rate cuts from RBI to pump in more money into economy. However today one could see some cautiousness amongst investors and hence we expect the markets to be trading volatile.
On Friday, the domestic markets managed to close in green territory. The trade was not in its full swing as the markets hardly moved 250 points. The sentiments were weak and therefore
since the opening, the markets moved volatile. However towards the end the markets closed flat with marginal gains. Sensex ended with a gain of 0.73% whereas, Nifty closed with a gain of 0.10% respectively. IT, Teck and Auto gained by 3.67%, 2.45% and 1.43% respectively. During the trading session we expect the market to be trading volatile.
The BSE Sensex closed high by 66.00 points at 9,092.72 and NSE Nifty ended up by 2.85 points at 2755.10. The BSE Mid Caps ended with a marginal gain of 8.38 points however Small Caps closed with losses of 10.28 points at 2,885.76 and 3,304.61. The BSE Sensex touched intraday high of 9,157.62 and intraday low of 8,889.18.
On Friday, the US markets closed managed to end with marginal gains. The session started with choppy trade, however later towards the end 10 economic sectors helped the markets close positive. The Citi group made impressive gains during the session on the back of recent government intervention. Global hand set maker Nokia has decided not to sell mobile phones in Japan, except for the high end models. It has also stated that its global sales would slow down amidst weak consumer spending. General Motors is also planning to divest its certain brands such as Saturn, Pontiac and Saab in order to save money and reduce the overlap. Crude oil on New York Mercantile Exchange for January fell by $1.47 or 2.7% to $52.96 a barrel. The fall in demand of oil has led to weak oil prices.
The Dow Jones Industrial Average (DJIA) closed higher by 247.14 points at 8,726.61 NASDAQ index gained 67.37 points at 1,532.10 and the S&P 500 (SPX) also closed higher by 30.29 points to close at 887.68 points.
Indian ADRs ended mixed. In technology sector, Infosys gained by 3.46% and Wipro ended high by 1.20% followed by Satyam that ended high by 0.87% and Patni Computers closing high by 3.47%. In banking sector ICICI Bank was high by 7.80%, while HDFC Bank gained 5.54%. In telecommunication sector, Tata Communication declined by 4.57%, while MTNL declined by 2.94%.
Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading high by 8.84 at 1,880.00 Hang Seng is high by 260.83 points at 14,149.07. Further Japan''s Nikkei is low by 137.27 points at 8,375.00. Straits Times is also trading low by 16.68 points at 1,715.89 and South Korea’s Seoul Composite is low by 2.68 points at 1,073.39
The FIIs on Friday stood as net sellers in equity and net buyers in debt. The Gross equity purchased stood at Rs 1,278.90 Crore and gross debt purchased stood at Rs 1,053.30 Crore, while the gross equity sold stood at Rs 1,714.90 Crore and gross debt sold stood at Rs 6.70 Crore. Therefore, the net investment of equity and debt reported were (Rs 436.00) Crore and Rs 1,046.60 Crore respectively.
On Friday, the partially convertible rupee ended at 50.09/12 per dollar, weaker by 1.2% on Wednesday’s closing at 49.48/50. The rupee is further anticipated to weak with negative sentiments across Asia and other markets.
On BSE, total number of shares traded was Rs 19.58 Crore and total turnover stood at Rs 2,396.44 Crore. On NSE, total volume of shares traded was 56.78 Crore and total turnover was Rs 9,753.70 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 1211098 with a total turnover of Rs 15,8720.76 crores. Along with this total number of contracts traded in stock futures were 1348858 with a total turnover of Rs 13,908.96 Crore. Total numbers of contracts for index options were 1046012 with a total turnover of Rs 14,739.52 Crore and total numbers of contracts for stock options were 36061and notional turnover was Rs 430.42 Crore.
Today, Nifty would have a support at 2,615 and resistance at 2,810 and BSE Sensex has support at 8,815 and resistance at 9,360.
On Friday, the domestic markets managed to close in green territory. The trade was not in its full swing as the markets hardly moved 250 points. The sentiments were weak and therefore
since the opening, the markets moved volatile. However towards the end the markets closed flat with marginal gains. Sensex ended with a gain of 0.73% whereas, Nifty closed with a gain of 0.10% respectively. IT, Teck and Auto gained by 3.67%, 2.45% and 1.43% respectively. During the trading session we expect the market to be trading volatile.The BSE Sensex closed high by 66.00 points at 9,092.72 and NSE Nifty ended up by 2.85 points at 2755.10. The BSE Mid Caps ended with a marginal gain of 8.38 points however Small Caps closed with losses of 10.28 points at 2,885.76 and 3,304.61. The BSE Sensex touched intraday high of 9,157.62 and intraday low of 8,889.18.
On Friday, the US markets closed managed to end with marginal gains. The session started with choppy trade, however later towards the end 10 economic sectors helped the markets close positive. The Citi group made impressive gains during the session on the back of recent government intervention. Global hand set maker Nokia has decided not to sell mobile phones in Japan, except for the high end models. It has also stated that its global sales would slow down amidst weak consumer spending. General Motors is also planning to divest its certain brands such as Saturn, Pontiac and Saab in order to save money and reduce the overlap. Crude oil on New York Mercantile Exchange for January fell by $1.47 or 2.7% to $52.96 a barrel. The fall in demand of oil has led to weak oil prices.
The Dow Jones Industrial Average (DJIA) closed higher by 247.14 points at 8,726.61 NASDAQ index gained 67.37 points at 1,532.10 and the S&P 500 (SPX) also closed higher by 30.29 points to close at 887.68 points.
Indian ADRs ended mixed. In technology sector, Infosys gained by 3.46% and Wipro ended high by 1.20% followed by Satyam that ended high by 0.87% and Patni Computers closing high by 3.47%. In banking sector ICICI Bank was high by 7.80%, while HDFC Bank gained 5.54%. In telecommunication sector, Tata Communication declined by 4.57%, while MTNL declined by 2.94%.
Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading high by 8.84 at 1,880.00 Hang Seng is high by 260.83 points at 14,149.07. Further Japan''s Nikkei is low by 137.27 points at 8,375.00. Straits Times is also trading low by 16.68 points at 1,715.89 and South Korea’s Seoul Composite is low by 2.68 points at 1,073.39
The FIIs on Friday stood as net sellers in equity and net buyers in debt. The Gross equity purchased stood at Rs 1,278.90 Crore and gross debt purchased stood at Rs 1,053.30 Crore, while the gross equity sold stood at Rs 1,714.90 Crore and gross debt sold stood at Rs 6.70 Crore. Therefore, the net investment of equity and debt reported were (Rs 436.00) Crore and Rs 1,046.60 Crore respectively.
On Friday, the partially convertible rupee ended at 50.09/12 per dollar, weaker by 1.2% on Wednesday’s closing at 49.48/50. The rupee is further anticipated to weak with negative sentiments across Asia and other markets.
On BSE, total number of shares traded was Rs 19.58 Crore and total turnover stood at Rs 2,396.44 Crore. On NSE, total volume of shares traded was 56.78 Crore and total turnover was Rs 9,753.70 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 1211098 with a total turnover of Rs 15,8720.76 crores. Along with this total number of contracts traded in stock futures were 1348858 with a total turnover of Rs 13,908.96 Crore. Total numbers of contracts for index options were 1046012 with a total turnover of Rs 14,739.52 Crore and total numbers of contracts for stock options were 36061and notional turnover was Rs 430.42 Crore.
Today, Nifty would have a support at 2,615 and resistance at 2,810 and BSE Sensex has support at 8,815 and resistance at 9,360.
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