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Indian Markets
The 30-share Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067. In the broader market, both BSE midcap and smallcap indices performed worse than the front-liners with losses of around 2.9% and 3.3% each. Market breadth in BSE ended negative with more than five declines against every advance. NSE cash turnover was at Rs. 18254.
BSE IT and Teck indices, ending up 1.6% and 1.1% each were the only sectors in green. BSE Metal index was the top loser and ended down by over 4% followed by BSE Realty index which lost 3.8%,BSE FMCG index ending with over 3% loss and Bankex closing with near 3% loss. Weak Chinese factory output data brought fresh pressure on metal stocks.
As per the provisional figures on Tuesday, FIIs were net sellers of Rs. 1247 cr in the cash market, while they were net sellers of Rs. 1801 cr in the F&O markets. However, DIIs were net buyers of Rs. 535 cr in the cash market.
US and European Markets
U.S. stocks ended a seesaw session with broad declines, after spending much of the day swinging alongside crude-oil prices and developments in Russia. Dow Jones fell by 111.97 points, or 0.7%, lower at 17,068.87. The S&P 500?s SPX dropped 16.89 point, or 0.8% lower at 1,972.74. The Nasdaq Composite Index fell 57.32 points, or 1.2%, to 4547.83.
European stocks surged Tuesday, ending a whirlwind of a session at their highest levels of the day after Russia indicated it doesn?t plan to impose currency controls. The FTSE 100, CAC 40 & DAX rose by 2.41%, 2.19% & 2.46% respectively.
Barring Infosys, which ended higher by 0.4%, all the other Indian ADRs ended on a weak note. Wipro, Dr. Reddy?s & Tata Motors ended lower by 0.4%, 7.1% & 3.1% respectively, while ICICI & HDFC Bank fell by 2.9% & 0.6% respectively.
Latin American Markets
Among the Latin American markets, the Mexican markets fell by 3.6%, while the Brazilian index ended flat.
Asian Markets
The Asian markets are trading on a mix note. Strait Times, Hang Seng & Taiwan are down by 0.3%, 0.6% & 0.8% respectively, while Nikkei, Kospi & Shanghai are up by 0.4%, 0.1% & 0.6% respectively.
As of IST 8.35 am SGX Nifty is trading lower by 19.5 points.
Currencies
Heavy dollar demand by foreign investors, who are liquidating their holdings in India, and an 18-month-high trade deficit, pushed the rupee to a 13-month low on Tuesday. It closed at 63.41 per dollar.
The dollar slumped as tumbling oil prices continued to fuel investors? concerns about global growth. The euro gained 0.6% to $1.2512, its strongest since Nov. 27.
Commodities
Oil for Jan 2015 contract rose marginally by 0.04% at $55.93/barrel.
Gold for Feb 2015 delivery fell by 1.11% at $1194.3/troy ounce.
Key Events for today
Japan - Imports, Exports, Trade Balance
EU - Britain Unemployment Rate and BoE MPC meeting, Euro CPI,
US - API Weekly Crude Stock, MBA Mortgage Applications, MBA Purchase Index, CPI, Current Account (Q3), Crude Oil Inventories
Outlook
Indian markets could open on a weak note, but could make an attempt to recover its losses during the latter half of the session. Nifty is likely to trade in the range of plus / minus 25 points throughout the session. Strong support for Nifty is at 8000 level, while immediate resistance is at 8130 level.
The 30-share Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067. In the broader market, both BSE midcap and smallcap indices performed worse than the front-liners with losses of around 2.9% and 3.3% each. Market breadth in BSE ended negative with more than five declines against every advance. NSE cash turnover was at Rs. 18254.
BSE IT and Teck indices, ending up 1.6% and 1.1% each were the only sectors in green. BSE Metal index was the top loser and ended down by over 4% followed by BSE Realty index which lost 3.8%,BSE FMCG index ending with over 3% loss and Bankex closing with near 3% loss. Weak Chinese factory output data brought fresh pressure on metal stocks.
As per the provisional figures on Tuesday, FIIs were net sellers of Rs. 1247 cr in the cash market, while they were net sellers of Rs. 1801 cr in the F&O markets. However, DIIs were net buyers of Rs. 535 cr in the cash market.
US and European Markets
U.S. stocks ended a seesaw session with broad declines, after spending much of the day swinging alongside crude-oil prices and developments in Russia. Dow Jones fell by 111.97 points, or 0.7%, lower at 17,068.87. The S&P 500?s SPX dropped 16.89 point, or 0.8% lower at 1,972.74. The Nasdaq Composite Index fell 57.32 points, or 1.2%, to 4547.83.
European stocks surged Tuesday, ending a whirlwind of a session at their highest levels of the day after Russia indicated it doesn?t plan to impose currency controls. The FTSE 100, CAC 40 & DAX rose by 2.41%, 2.19% & 2.46% respectively.
Barring Infosys, which ended higher by 0.4%, all the other Indian ADRs ended on a weak note. Wipro, Dr. Reddy?s & Tata Motors ended lower by 0.4%, 7.1% & 3.1% respectively, while ICICI & HDFC Bank fell by 2.9% & 0.6% respectively.
Latin American Markets
Among the Latin American markets, the Mexican markets fell by 3.6%, while the Brazilian index ended flat.
Asian Markets
The Asian markets are trading on a mix note. Strait Times, Hang Seng & Taiwan are down by 0.3%, 0.6% & 0.8% respectively, while Nikkei, Kospi & Shanghai are up by 0.4%, 0.1% & 0.6% respectively.
As of IST 8.35 am SGX Nifty is trading lower by 19.5 points.
Currencies
Heavy dollar demand by foreign investors, who are liquidating their holdings in India, and an 18-month-high trade deficit, pushed the rupee to a 13-month low on Tuesday. It closed at 63.41 per dollar.
The dollar slumped as tumbling oil prices continued to fuel investors? concerns about global growth. The euro gained 0.6% to $1.2512, its strongest since Nov. 27.
Commodities
Oil for Jan 2015 contract rose marginally by 0.04% at $55.93/barrel.
Gold for Feb 2015 delivery fell by 1.11% at $1194.3/troy ounce.
Key Events for today
Japan - Imports, Exports, Trade Balance
EU - Britain Unemployment Rate and BoE MPC meeting, Euro CPI,
US - API Weekly Crude Stock, MBA Mortgage Applications, MBA Purchase Index, CPI, Current Account (Q3), Crude Oil Inventories
Outlook
Indian markets could open on a weak note, but could make an attempt to recover its losses during the latter half of the session. Nifty is likely to trade in the range of plus / minus 25 points throughout the session. Strong support for Nifty is at 8000 level, while immediate resistance is at 8130 level.
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