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Indian Markets
Markets ended lower on Thursday as investors trimmed positions in equities after declining crude oil prices added to concerns over slowdown in global growth.
The Sensex ended 229 points down at 27,602 and the Nifty ended down 63 points at 8,293. In the broader market, the BSE Mid-cap index and Small-cap index ended 0.6-0.7% lower. Market breadth ended weak with 1,747 losers and 1,137 gainers on the BSE.
The BSE Oil and Gas index was the top sectoral loser down 2.5% followed by IT, Realty and Consumer Durables indices. Capital Goods, Healthcare and Auto indices were among the top gainers.Oil shares ended down on the back of declining global crude oil prices. ONGC and Reliance Industries ended nearly 3% down contributing the most to the Sensex decline.
As per the provisional figures on Thursday, FIIs were net sellers of Rs. 808 cr in the cash market, while they were net sellers of Rs. 1335 cr in the F&O markets. DIIs were net buyers of Rs. 432 cr in the cash market.
US and European Markets
U.S. stocks rebounded from the worst day in seven weeks, as better-than-forecast data on retail sales and unemployment boosted confidence in the economy to overshadow a renewed selloff in oil. The Dow Jones industrial average ended up 0.4% or 63.19 points to close at 17,596.34, the S&P 500 gained 9.19 points, or 0.5 percent, to 2,035.33 and the Nasdaq Composite gained 24.13 points, or 0.52 percent, to 4,708.16.
For the European markets, the CAC 40 of France and FTSE 100 of UK ended lower by 0.05% and 0.59% respectively while DAX of Germany gained 0.64%.
Most of the Indian ADRs ended on a mixed note. Among the banking stocks, ICICI Bank was down 0.2% while HDFC Bank was flat. IT majors, Infosys was up 0.8% while Wipro was down 1%. Dr Reddys was up 0.7% while Tata Motors was up 0.4%
Latin American Markets
Among the Latin American markets, the Mexican markets were down by 1.5%, while the Brazilian index ended higher by 0.6%.
Asian Markets
Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 1.00% while the Hang Seng is up 0.37%. The Nikkei 225 is not trading.
As of IST 8.35 am SGX Nifty is trading higher by 7 points
Currencies
The Indian rupee closed at a 10-month low on Thursday, largely mirroring weakness in other Asian currencies following China?s disappointing inflation data, and on dollar demand from oil marketing companies. The rupee closed at 62.20 against dollar.
The runaway dollar extended its rise against the euro Thursday, climbing to its highest level against the common currency in almost two years. The greenback has soared in recent weeks as a strengthening economy prompts investors to wonder if the Federal Reserve will soon have to think about bumping up interest rates.. USD/EURO closed at 0.81
Commodities
Oil for Jan 2015 contract lost 1.62% at $59.95/barrel.
Gold for Feb 2015 delivery lost 0.31% at $1225.6/troy ounce.
Key Events for today
India - Bank Loan and Deposit Growth, FX Reserves, CPI, Industrial Production, Manufacturing Output.
Japan - Capacity Utilization, Industrial Production
USD - Core PPI, PPI, Michigan 5-Year Inflation (Dec), Michigan Consumer Sentiment (Dec).
Europe - German WPI, French Current Account Deficit, Spanish CPI and HICP, Italian CPI and HICP, Euro Employment Change and Industrial Production
Outlook
Indian markets could open flat and be range-bound with a positive bias. Immediate support for Nifty is at 8250 level, while immediate resistance is at 8340 level. Among the Sectoral indices, Auto, Pharma, Banks, Sugar may relatively outperform while IT, Oil&Gas, Metals may relatively underperform.
Markets ended lower on Thursday as investors trimmed positions in equities after declining crude oil prices added to concerns over slowdown in global growth.
The Sensex ended 229 points down at 27,602 and the Nifty ended down 63 points at 8,293. In the broader market, the BSE Mid-cap index and Small-cap index ended 0.6-0.7% lower. Market breadth ended weak with 1,747 losers and 1,137 gainers on the BSE.
The BSE Oil and Gas index was the top sectoral loser down 2.5% followed by IT, Realty and Consumer Durables indices. Capital Goods, Healthcare and Auto indices were among the top gainers.Oil shares ended down on the back of declining global crude oil prices. ONGC and Reliance Industries ended nearly 3% down contributing the most to the Sensex decline.
As per the provisional figures on Thursday, FIIs were net sellers of Rs. 808 cr in the cash market, while they were net sellers of Rs. 1335 cr in the F&O markets. DIIs were net buyers of Rs. 432 cr in the cash market.
US and European Markets
U.S. stocks rebounded from the worst day in seven weeks, as better-than-forecast data on retail sales and unemployment boosted confidence in the economy to overshadow a renewed selloff in oil. The Dow Jones industrial average ended up 0.4% or 63.19 points to close at 17,596.34, the S&P 500 gained 9.19 points, or 0.5 percent, to 2,035.33 and the Nasdaq Composite gained 24.13 points, or 0.52 percent, to 4,708.16.
For the European markets, the CAC 40 of France and FTSE 100 of UK ended lower by 0.05% and 0.59% respectively while DAX of Germany gained 0.64%.
Most of the Indian ADRs ended on a mixed note. Among the banking stocks, ICICI Bank was down 0.2% while HDFC Bank was flat. IT majors, Infosys was up 0.8% while Wipro was down 1%. Dr Reddys was up 0.7% while Tata Motors was up 0.4%
Latin American Markets
Among the Latin American markets, the Mexican markets were down by 1.5%, while the Brazilian index ended higher by 0.6%.
Asian Markets
Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 1.00% while the Hang Seng is up 0.37%. The Nikkei 225 is not trading.
As of IST 8.35 am SGX Nifty is trading higher by 7 points
Currencies
The Indian rupee closed at a 10-month low on Thursday, largely mirroring weakness in other Asian currencies following China?s disappointing inflation data, and on dollar demand from oil marketing companies. The rupee closed at 62.20 against dollar.
The runaway dollar extended its rise against the euro Thursday, climbing to its highest level against the common currency in almost two years. The greenback has soared in recent weeks as a strengthening economy prompts investors to wonder if the Federal Reserve will soon have to think about bumping up interest rates.. USD/EURO closed at 0.81
Commodities
Oil for Jan 2015 contract lost 1.62% at $59.95/barrel.
Gold for Feb 2015 delivery lost 0.31% at $1225.6/troy ounce.
Key Events for today
India - Bank Loan and Deposit Growth, FX Reserves, CPI, Industrial Production, Manufacturing Output.
Japan - Capacity Utilization, Industrial Production
USD - Core PPI, PPI, Michigan 5-Year Inflation (Dec), Michigan Consumer Sentiment (Dec).
Europe - German WPI, French Current Account Deficit, Spanish CPI and HICP, Italian CPI and HICP, Euro Employment Change and Industrial Production
Outlook
Indian markets could open flat and be range-bound with a positive bias. Immediate support for Nifty is at 8250 level, while immediate resistance is at 8340 level. Among the Sectoral indices, Auto, Pharma, Banks, Sugar may relatively outperform while IT, Oil&Gas, Metals may relatively underperform.
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