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Indian Markets
Markets gained for the second straight session on Monday led by metal shares on hopes that the government may adopt ordinance route for mines sector reforms. Further, Finance Minister Arun Jaitley's comment that the economy is expected to grow "much better" in 2015-16 as compared with the current financial year also boosted sentiment.
The 30-share Sensex ended up 154 points at 27,396 and the 50-share Nifty ended up 46 points at 8,246. In the broader market, the BSE Mid-cap index ended up 0.9% and Small-cap index gained 0.5%. Market breadth ended strong with 1,610 gainers and 1,313 losers on the BSE.
BSE Metal index was the top sectoral gainer up 2.4% followed by Realty, Auto, Power, Oil and Gas indices. Bank shares witnessed profit taking with SBI, ICICI Bank and Axis Bank down 0.1-0.6% each.
As per the provisional figures on Monday, FIIs were net sellers of Rs. 204 cr in the cash market, while they were net buyers of Rs. 1835 cr in the F&O markets. DIIs were net buyers of Rs. 360 cr in the cash market.
US and European Markets
US stocks were little changed in thin trading on Monday as the S&P 500 notched its latest record high, but gains were curbed when an early rally in energy prices lost momentum.The Dow Jones industrial average fell 15.48 points, or 0.09 percent, to 18,038.23, the S&P 500 gained 1.8 points, or 0.09 percent, to 2,090.57 and the Nasdaq Composite added 0.05 points to 4,806.91.
European markets finished higher with shares in France leading the region. The CAC 40 is up 0.51% while London's FTSE 100 is up 0.36% and Germany's DAX is up 0.05%.
Among the Indian ADRs, most of the ended mixed. Banking stocks HDFC Bank was down 0.1% while ICICI Bank was higher by 0.3%. Software majors Infosys was flat while Wipro was down 1.4%. Dr Reddy?s was up 0.8% while Tata Motors was up 2.4%.
Latin American Markets
Among the Latin American markets, Mexico markets were up 0.4% while the Brazilian index ended higher by 0.9%.
Asian Markets
Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.37% while the Hang Seng is down 0.33%. The Nikkei 225 is not trading.
As of IST 8.20 am SGX Nifty is trading higher by 7 points.
Currencies
Extending losses for the fourth straight session, rupee today declined by ten paise to log over 13-month closing low of 63.67 against the greenback following sustained dollar demand from importers.
The euro fell to $1.2142 against the dollar, its lowest level in nearly 29 months, on the continued belief that the Federal Reserve may raise interest rates as soon as next year while other economies are putting looser policies into effect.
Commodities
Oil for Feb 2015 contract ended marginally by 2.1% at 53.6 $/barrel
Gold for Feb 2015 delivery ended lower by 1.1% at 1181.9 $/troy ounce
Key Events for today
UK - Nationwide HPI
Europe - Spanish CPI, Spanish Retail Sales, Spanish Current Account, Italian PPI, Private Loans, M3 Money Suppy
US - Chain Store Sales, Trade Balance, Redbook, Dallas Fed Services Revenues, 4 Week Bill Auction
Outlook
Indian markets could open flat and be range-bound with a positive bias. Immediate support for Nifty is at 8210 level, while immediate resistance is at 8310 level. Among the sectoral indices Banks, Capital Goods, Auto, Pharma could outperform.
Markets gained for the second straight session on Monday led by metal shares on hopes that the government may adopt ordinance route for mines sector reforms. Further, Finance Minister Arun Jaitley's comment that the economy is expected to grow "much better" in 2015-16 as compared with the current financial year also boosted sentiment.
The 30-share Sensex ended up 154 points at 27,396 and the 50-share Nifty ended up 46 points at 8,246. In the broader market, the BSE Mid-cap index ended up 0.9% and Small-cap index gained 0.5%. Market breadth ended strong with 1,610 gainers and 1,313 losers on the BSE.
BSE Metal index was the top sectoral gainer up 2.4% followed by Realty, Auto, Power, Oil and Gas indices. Bank shares witnessed profit taking with SBI, ICICI Bank and Axis Bank down 0.1-0.6% each.
As per the provisional figures on Monday, FIIs were net sellers of Rs. 204 cr in the cash market, while they were net buyers of Rs. 1835 cr in the F&O markets. DIIs were net buyers of Rs. 360 cr in the cash market.
US and European Markets
US stocks were little changed in thin trading on Monday as the S&P 500 notched its latest record high, but gains were curbed when an early rally in energy prices lost momentum.The Dow Jones industrial average fell 15.48 points, or 0.09 percent, to 18,038.23, the S&P 500 gained 1.8 points, or 0.09 percent, to 2,090.57 and the Nasdaq Composite added 0.05 points to 4,806.91.
European markets finished higher with shares in France leading the region. The CAC 40 is up 0.51% while London's FTSE 100 is up 0.36% and Germany's DAX is up 0.05%.
Among the Indian ADRs, most of the ended mixed. Banking stocks HDFC Bank was down 0.1% while ICICI Bank was higher by 0.3%. Software majors Infosys was flat while Wipro was down 1.4%. Dr Reddy?s was up 0.8% while Tata Motors was up 2.4%.
Latin American Markets
Among the Latin American markets, Mexico markets were up 0.4% while the Brazilian index ended higher by 0.9%.
Asian Markets
Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.37% while the Hang Seng is down 0.33%. The Nikkei 225 is not trading.
As of IST 8.20 am SGX Nifty is trading higher by 7 points.
Currencies
Extending losses for the fourth straight session, rupee today declined by ten paise to log over 13-month closing low of 63.67 against the greenback following sustained dollar demand from importers.
The euro fell to $1.2142 against the dollar, its lowest level in nearly 29 months, on the continued belief that the Federal Reserve may raise interest rates as soon as next year while other economies are putting looser policies into effect.
Commodities
Oil for Feb 2015 contract ended marginally by 2.1% at 53.6 $/barrel
Gold for Feb 2015 delivery ended lower by 1.1% at 1181.9 $/troy ounce
Key Events for today
UK - Nationwide HPI
Europe - Spanish CPI, Spanish Retail Sales, Spanish Current Account, Italian PPI, Private Loans, M3 Money Suppy
US - Chain Store Sales, Trade Balance, Redbook, Dallas Fed Services Revenues, 4 Week Bill Auction
Outlook
Indian markets could open flat and be range-bound with a positive bias. Immediate support for Nifty is at 8210 level, while immediate resistance is at 8310 level. Among the sectoral indices Banks, Capital Goods, Auto, Pharma could outperform.
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