Please Share:: 
�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��
��
-->
�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��
��
Indian Markets
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524 on Tuesday. In the broader market, both BSE midcap and small-cap indices with gains of 0.9% and 0.5% each outperformed their larger peers. The Reserve Bank of India kept interest rates unchanged at 8%.
Market breadth in BSE ended marginally positive with 1,513 advances against 1,412 declines. NSE cash turnover was at Rs. 17039.
BSE Metal and Healthcare indices, gaining around 1% each were the top gainers among sectors followed by BSE FMCG and Capital Goods indices with 0.6% and 0.7% of gains each. BSE IT index down around 1.5% and BSE Auto index, down more than 1% lost the most.
As per the provisional figures on Tuesday, FIIs were net buyers of Rs. 107 cr in the cash market, while they were net sellers of Rs. 2631 cr in the F&O markets. DIIs were net sellers of Rs. 40 cr in the cash market.
US and European Markets
U.S. stocks closed higher on Tuesday, led by energy stocks as they shrugged off a decline in crude oil futures to rally back from their prior-day drubbing. The S&P 500 and Dow Jones Industrial Average scored their best one-day percentage gains in about a month, while the blue-chip index recorded its 32nd record close this year. The Dow Jones industrial average, Nasdaq and S&P 500 all ended higher by 0.6% each.
European markets ended on a mix note. The FTSE 100 & CAC 40 indices closed higher by 1.3% & 0.3% respectively, while DAX fell by 0.3%.
The Indian ADRs ended on a mix note. Infosys, Dr. Reddy?s & HDFC Bank fell by 1.1%, 1.4% & 0.4% respectively. However, Wipro, Tata Motors and ICICI Bank gained 0.8%, 0.7% & 1.4% respectively.
Latin American Markets
Among the Latin American markets, the Mexican markets fell by 0.9%, while the Brazilian index ended lower by 1.3%.
Asian Markets
The Asian markets are trading higher with Shanghai, Taiwan and Nikkei being the top gainers, up 2.1%, 1.6% & 1% respectively. Hang Seng & Kospi are up by 0.4% & 0.2%, while Strait Times is up marginally by 0.04%.
As of IST 8.30 am SGX Nifty is trading lower by 8.5 points.
Currencies
The Indian rupee strengthened against the dollar and bonds rallied after the RBI on Tuesday said that the interest rates may be reviewed early next year, including outside the policy review cycle, even as the central bank kept policy rates unchanged in its fifth bi-monthly policy review. The rupee ended at 61.89 per dollar, up 0.22% from its previous close of 62.02.
The euro fell against the U.S. dollar on Tuesday, as investors remained cautious ahead of the European Central Bank's upcoming policy meeting on Thursday amid growing expectations for fresh easing measures. EUR/USD hit 1.2420 during European late morning trade, the session low; the pair subsequently consolidated at 1.2436, shedding 0.27%.
Commodities
Oil for Jan 2014 contract fell by 3.1% at $66.9/barrel.
Gold for Dec 2014 delivery fell by 1.5% at $1199.4/troy ounce.
Key Events for today
China - HSBC Services PMI, Non-manufacturing PMI
UK & Germany - Services PMI,
India - HSBC Services PMI
EU - Retail Sales, Services PMI, Markit Composite
US - Total Vehicle Sales, ADP Non-farm employment change, Non-farm productivity, Services PMI, ISM non-manufacturing business activity, Crude Oil inventories, MBA Mortgage Application
Outlook
Indian markets could open flat to marginally lower, but could make an attempt to inch higher during the latter half of the session. Strong support for Nifty is at 8505 level, while immediate resistance is at 8625 level. Among the Sectoral indices, Metals, FMCG & Healthcare look good, while IT looks weak and could underperform.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524 on Tuesday. In the broader market, both BSE midcap and small-cap indices with gains of 0.9% and 0.5% each outperformed their larger peers. The Reserve Bank of India kept interest rates unchanged at 8%.
Market breadth in BSE ended marginally positive with 1,513 advances against 1,412 declines. NSE cash turnover was at Rs. 17039.
BSE Metal and Healthcare indices, gaining around 1% each were the top gainers among sectors followed by BSE FMCG and Capital Goods indices with 0.6% and 0.7% of gains each. BSE IT index down around 1.5% and BSE Auto index, down more than 1% lost the most.
As per the provisional figures on Tuesday, FIIs were net buyers of Rs. 107 cr in the cash market, while they were net sellers of Rs. 2631 cr in the F&O markets. DIIs were net sellers of Rs. 40 cr in the cash market.
US and European Markets
U.S. stocks closed higher on Tuesday, led by energy stocks as they shrugged off a decline in crude oil futures to rally back from their prior-day drubbing. The S&P 500 and Dow Jones Industrial Average scored their best one-day percentage gains in about a month, while the blue-chip index recorded its 32nd record close this year. The Dow Jones industrial average, Nasdaq and S&P 500 all ended higher by 0.6% each.
European markets ended on a mix note. The FTSE 100 & CAC 40 indices closed higher by 1.3% & 0.3% respectively, while DAX fell by 0.3%.
The Indian ADRs ended on a mix note. Infosys, Dr. Reddy?s & HDFC Bank fell by 1.1%, 1.4% & 0.4% respectively. However, Wipro, Tata Motors and ICICI Bank gained 0.8%, 0.7% & 1.4% respectively.
Latin American Markets
Among the Latin American markets, the Mexican markets fell by 0.9%, while the Brazilian index ended lower by 1.3%.
Asian Markets
The Asian markets are trading higher with Shanghai, Taiwan and Nikkei being the top gainers, up 2.1%, 1.6% & 1% respectively. Hang Seng & Kospi are up by 0.4% & 0.2%, while Strait Times is up marginally by 0.04%.
As of IST 8.30 am SGX Nifty is trading lower by 8.5 points.
Currencies
The Indian rupee strengthened against the dollar and bonds rallied after the RBI on Tuesday said that the interest rates may be reviewed early next year, including outside the policy review cycle, even as the central bank kept policy rates unchanged in its fifth bi-monthly policy review. The rupee ended at 61.89 per dollar, up 0.22% from its previous close of 62.02.
The euro fell against the U.S. dollar on Tuesday, as investors remained cautious ahead of the European Central Bank's upcoming policy meeting on Thursday amid growing expectations for fresh easing measures. EUR/USD hit 1.2420 during European late morning trade, the session low; the pair subsequently consolidated at 1.2436, shedding 0.27%.
Commodities
Oil for Jan 2014 contract fell by 3.1% at $66.9/barrel.
Gold for Dec 2014 delivery fell by 1.5% at $1199.4/troy ounce.
Key Events for today
China - HSBC Services PMI, Non-manufacturing PMI
UK & Germany - Services PMI,
India - HSBC Services PMI
EU - Retail Sales, Services PMI, Markit Composite
US - Total Vehicle Sales, ADP Non-farm employment change, Non-farm productivity, Services PMI, ISM non-manufacturing business activity, Crude Oil inventories, MBA Mortgage Application
Outlook
Indian markets could open flat to marginally lower, but could make an attempt to inch higher during the latter half of the session. Strong support for Nifty is at 8505 level, while immediate resistance is at 8625 level. Among the Sectoral indices, Metals, FMCG & Healthcare look good, while IT looks weak and could underperform.
No comments:
Post a Comment