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Indian Markets
The 30-share Sensex lost 12 points to end at 29,559 after hitting a record high of 29,786 and the 50-share Nifty climbed 4 points to close at a record closing 8,914 for the sixth straight session after hitting a fresh record high of 8,985. BSE Midcap index ended up 0.3% whereas the Smallcap index underperformed the large counterparts and dropped 0.5%.
The market breadth ended weak on the BSE with 1,734 declines and 1,124 advances. NSE cash turnover was at Rs. 22498 cr.
On the sectoral front, BSE Consumer Durables index emerged as the top gainer leading up over 4%, while BSE Capital Goods index was the top loser down over 1.5%.
As per the provisional figures on Wednesday, FIIs were net buyers of Rs. 1723 cr in the cash market, while they were net sellers of Rs. 1682 cr in the F&O markets. However, DIIs were net sellers of Rs. 1293 cr in the cash market.
US and European Markets
U.S. stocks closed down on Wednesday, driven by a sharp decline in the S&P 500 energy sector, after the Federal Reserve said the domestic economy was growing at a solid pace, signaling it remains on track to raise interest rates later this year. The Dow Jones industrial average fell 195.84 points, or 1.13 percent, to 17,191.37, the S&P 500 lost 27.39 points, or 1.35 percent, to 2,002.16 and the Nasdaq Composite dropped 43.50 points, or 0.93 percent, to 4,637.99.
The European markets ended on a mixed note with DAX of Germany and FTSE100 of UK gaining 0.78% and 0.21% each, while CAC40 of France closed lower by 0.29%.
The Indian ADRs ended on a mix note. WIPRO and Dr. Reddy?s gained 1.85% and 0.85% respectively, while HDFC Bank, ICICI & Tata Motors fell by 2.31%, 1.54% and 1.26% respectively .Infosys remained unchanged..
Latin American Markets
Among the Latin American markets, the Brazilian index declined 1.85% and Mexican markets ended lower by 1.10%.
Asian Markets
The Asian indices are trading on a negative note. Strait Times is down by 0.38%, while Kospi is down by 0.33%. Hang Sen and, Taiwan are down by 0.88% and 0.68% respectively. Shanghai is flat.
As of IST 08.04 am SGX Nifty is trading lower by 20.50 points.
Currencies
The Indian rupee closed unchanged on Wednesday, after hitting a 3-month high in the afternoon trading, tracking the benchmark indices that, at close, retreated from their all-time highs hit during the day. The local currency closed at 61.41 a dollar, unchanged from its previous close. The local currency had opened at 61.49 a dollar and touched a high of 61.30 a level last seen on 29 October 2014.
The U.S. dollar strengthened on Wednesday in a broad advance that included gains against the euro and the Swiss franc, taking in stride the Federal Reserve's repeated message it remains "patient" in deciding when to raise interest rates.
Commodities
Oil for Feb 2015 contract ended lower by 3.85% at 44.45 $ / barrel..
Gold for Feb 2015 delivery lost 0.45% and ended at 1285.90 $ / troy ounce.
Key Events for today
US - FOMC Statement, Continuing Jobless Claims, Initial Jobless Claims, Bloomberg Consumer Confidence, Pending Home Sales.
Japan - Retail Sales, Foreign Bonds Buying.
EU - German Unemployment Change, French Consumer Spending, Private Loans, Spanish Retail Sales, Italian Wage Inflation.
UK - Nationwide HPI, BoE Gov Carney Speaks.
Outlook
Indian markets could open in the red and is expected to remain volatile due to negative global cues and expiry of January Futures contract. Strong support for Nifty is at 8870 level, while immediate resistance is at 8980 level. Among the sectoral indices Realty, PSU Banks and FMCG could outperform while Automobiles and Metals could underperform.
The 30-share Sensex lost 12 points to end at 29,559 after hitting a record high of 29,786 and the 50-share Nifty climbed 4 points to close at a record closing 8,914 for the sixth straight session after hitting a fresh record high of 8,985. BSE Midcap index ended up 0.3% whereas the Smallcap index underperformed the large counterparts and dropped 0.5%.
The market breadth ended weak on the BSE with 1,734 declines and 1,124 advances. NSE cash turnover was at Rs. 22498 cr.
On the sectoral front, BSE Consumer Durables index emerged as the top gainer leading up over 4%, while BSE Capital Goods index was the top loser down over 1.5%.
As per the provisional figures on Wednesday, FIIs were net buyers of Rs. 1723 cr in the cash market, while they were net sellers of Rs. 1682 cr in the F&O markets. However, DIIs were net sellers of Rs. 1293 cr in the cash market.
US and European Markets
U.S. stocks closed down on Wednesday, driven by a sharp decline in the S&P 500 energy sector, after the Federal Reserve said the domestic economy was growing at a solid pace, signaling it remains on track to raise interest rates later this year. The Dow Jones industrial average fell 195.84 points, or 1.13 percent, to 17,191.37, the S&P 500 lost 27.39 points, or 1.35 percent, to 2,002.16 and the Nasdaq Composite dropped 43.50 points, or 0.93 percent, to 4,637.99.
The European markets ended on a mixed note with DAX of Germany and FTSE100 of UK gaining 0.78% and 0.21% each, while CAC40 of France closed lower by 0.29%.
The Indian ADRs ended on a mix note. WIPRO and Dr. Reddy?s gained 1.85% and 0.85% respectively, while HDFC Bank, ICICI & Tata Motors fell by 2.31%, 1.54% and 1.26% respectively .Infosys remained unchanged..
Latin American Markets
Among the Latin American markets, the Brazilian index declined 1.85% and Mexican markets ended lower by 1.10%.
Asian Markets
The Asian indices are trading on a negative note. Strait Times is down by 0.38%, while Kospi is down by 0.33%. Hang Sen and, Taiwan are down by 0.88% and 0.68% respectively. Shanghai is flat.
As of IST 08.04 am SGX Nifty is trading lower by 20.50 points.
Currencies
The Indian rupee closed unchanged on Wednesday, after hitting a 3-month high in the afternoon trading, tracking the benchmark indices that, at close, retreated from their all-time highs hit during the day. The local currency closed at 61.41 a dollar, unchanged from its previous close. The local currency had opened at 61.49 a dollar and touched a high of 61.30 a level last seen on 29 October 2014.
The U.S. dollar strengthened on Wednesday in a broad advance that included gains against the euro and the Swiss franc, taking in stride the Federal Reserve's repeated message it remains "patient" in deciding when to raise interest rates.
Commodities
Oil for Feb 2015 contract ended lower by 3.85% at 44.45 $ / barrel..
Gold for Feb 2015 delivery lost 0.45% and ended at 1285.90 $ / troy ounce.
Key Events for today
US - FOMC Statement, Continuing Jobless Claims, Initial Jobless Claims, Bloomberg Consumer Confidence, Pending Home Sales.
Japan - Retail Sales, Foreign Bonds Buying.
EU - German Unemployment Change, French Consumer Spending, Private Loans, Spanish Retail Sales, Italian Wage Inflation.
UK - Nationwide HPI, BoE Gov Carney Speaks.
Outlook
Indian markets could open in the red and is expected to remain volatile due to negative global cues and expiry of January Futures contract. Strong support for Nifty is at 8870 level, while immediate resistance is at 8980 level. Among the sectoral indices Realty, PSU Banks and FMCG could outperform while Automobiles and Metals could underperform.
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