1 Jan 2015- Outlook::HDFC Sec

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Indian Markets

Markets ended the last trading day of 2014 on a firm note led by index heavyweight Reliance Industries and select bank shares. The Sensex ended up 96 points at 27,499 and the 50-share Nifty ended up 34 points at 8,283. 

The broader markets outperformed the benchmark indices- BSE Mid Cap and Small Cap indices ended up by 1% each. The market breadth on the BSE ended positive with 1,690 shares advancing and 1,185 shares declining.

All sectoral indices barring BSE Auto index registered gains in today?s trade. BSE Power and Realty indices ended 1% higher followed by BSE Consumer Durables, Oil & Gas and Healthcare indices up 0.7% each.

As per the provisional figures on Wednesday, FIIs were net buyers of Rs. 481 cr in the cash market, while they were net buyers of Rs. 623 cr in the F&O markets. DIIs were net sellers of Rs. 31 cr in the cash market. 

US and European Markets

U.S. stocks fell on Wednesday as crude oil prices continued their descent, but the S&P closed out a third straight year of double-digit gains. The Dow Jones fell 160 points, or 0.89%, to 17,823.1, the S&P 500 lost 21.5 points, or 1%, to 2,058.9 and the Nasdaq Composite dropped 41.4 points, or 0.9%, to 4,736.1. For the year, the Dow ended up 7.5%, notching its sixth straight annual gain, and the Nasdaq rose 13.4%.

European markets ended on a mix note. UK?s FTSE 100 gained 0.3%, while France?s CAC 40 ended higher by 0.6%.

Most of the Indian ADRs ended mixed. Banking stocks HDFC Bank was up 0.2% while ICICI Bank was down 0.5%. Software majors Infosys was flat while Wipro was down 1.9%. Dr Reddy?s was up 0.9% while Tata Motors was down 0.9%.
 
Latin American Markets

Among the Latin American markets, Mexico markets were up 0.3% while the Brazilian index ended lower by 1.2%.

Asian Markets

Most of the Asian markets are closed today on account on New Year?s Day.

As of IST 11.30 pm (Dec 31, 2014) SGX Nifty was trading lower by 30.5 points. 

Currencies

Indian rupee on Wednesday appreciated by 35 paise to end at two-week high of 63.03 against the greenback tracking firm equities and sustained dollar selling by exporters, but lost ground on an annual basis for the fourth year in a row. The rupee depreciated by 123 paise or 1.99%, in calendar year 2014. 

The single currency traded flat versus the US dollar. EUR/USD pair trades remained unchanged at 1.2153 close to daily lows of 1.2151 levels. It is seen trading in a narrow range in absence of fresh triggers as traders are away on year-end holidays. 

Commodities

Oil for Feb 2015 contract ended lower by 1.6% at 53.27 $ / barrel..
Gold for Feb 2015 delivery fell by 1.4% at 1184.1 $ / troy ounce.

Key Events for Today

China - Manufacturing PMI
Korea - Exports, Imports, Trade Balance
 
Outlook

Indian markets could open flat and be range-bound with a positive bias. Immediate support for Nifty is at 8220 level, while immediate resistance is at 8375 level. Among the sectoral indices Banks, Capital Goods, Auto could relatively outperform.