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Indian Markets
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174 on Wednesday. In the broader market, BSE midcap index ended the session with marginal higher with a gain of around 0.2% while BSE Smallcap index ended flat. The markets were closed on Thursday, Dec 25, on account of Christmas holiday.
Market breadth ended weak on the BSE with 1,487 shares declining and 1,340 shares advancing. NSE cash turnover was at Rs. 22152.
On the sectoral front, BSE IT and Oil & Gas indices were down over 1.3% each followed by BSE FMCG, Healthcare indices which dipped by1% each. However, BSE Realty index was the top gainer and was up 1%.
As per the provisional figures on Wednesday, FIIs were net sellers of Rs. 2828 cr in the cash market, while they were net sellers of Rs. 1858 cr in the F&O markets. However, DIIs were net buyers of Rs. 509 cr in the cash market.
US and European Markets
US & European markets were closed on Thursday, Dec 25, for the Christmas holiday.
US stocks ended marginally higher on Wednesday. The Dow Jones finished just higher at 18030.21 for its second consecutive close above 18.000. The Nasdaq closed up 0.2% at 4773.47. The US GDP reading was the strongest in more than a decade and a jump from the previous estimate of 3.9%. The improvement was mainly due to the pace of consumption growth being revised up sharply.
European shares finished mixed on Wednesday with reports of an acquisition in the pharmaceutical sector helping the FTSE 100 to post slim gains. Trading volumes were light in Europe with markets open for just a half day due to the festive holidays. The Germany?s DAX closed higher by 0.6%, while London's FTSE 100 gained 0.2%. However, France's CAC 40 index fell by 0.4%.
On Wednesday, most of the Indian ADRs ended on a weak note barring ICICI Bank, which ended higher by 0.7%. Infosys & Wipro ended lower by 1% & 0.4% respectively, while Dr. Reddy?s, Tata Motors & HDFC Bank fell by 0.2%, 0.8% & 0.1% respectively.
Latin American Markets
Among the Latin American markets, the Mexican markets fell by 0.3%, while the Brazilian index ended higher by 1.5%.
Asian Markets
Among the Asian markets, Nikkei and Strait Times are trading lower by 0.2% & 0.1% respectively. However, Kospi & Shanghai are up by 0.8% & 0.3% respectively, while Taiwan is trading flat.
As of IST 8.20 am SGX Nifty is trading higher by 10.5 points.
Currencies
The currency markets were closed on Thursday. The rupee weakened against the dollar on Wednesday as dealers here bought the US currency, noting its strength against global currencies overnight. The local unit closed at 63.525 per dollar, down 0.37% from its previous close of 63.2925.
Commodities
Among the Metal prices, Aluminium & Nickel fell by 0.1% & 0.9% respectively, while Zinc ended flat on Wednesday
Key Events for today
Japan - Household Spending, CPI, Industrial Production, Retail Sales Indian - Forex Reserves, Bank Loan Growth
Outlook
Indian markets could marginally higher and remain volatile in a range of plus / minus 25 points on Nifty throughout the session. Strong support for Nifty is at 8085 level, while immediate resistance is at 8375 level.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174 on Wednesday. In the broader market, BSE midcap index ended the session with marginal higher with a gain of around 0.2% while BSE Smallcap index ended flat. The markets were closed on Thursday, Dec 25, on account of Christmas holiday.
Market breadth ended weak on the BSE with 1,487 shares declining and 1,340 shares advancing. NSE cash turnover was at Rs. 22152.
On the sectoral front, BSE IT and Oil & Gas indices were down over 1.3% each followed by BSE FMCG, Healthcare indices which dipped by1% each. However, BSE Realty index was the top gainer and was up 1%.
As per the provisional figures on Wednesday, FIIs were net sellers of Rs. 2828 cr in the cash market, while they were net sellers of Rs. 1858 cr in the F&O markets. However, DIIs were net buyers of Rs. 509 cr in the cash market.
US and European Markets
US & European markets were closed on Thursday, Dec 25, for the Christmas holiday.
US stocks ended marginally higher on Wednesday. The Dow Jones finished just higher at 18030.21 for its second consecutive close above 18.000. The Nasdaq closed up 0.2% at 4773.47. The US GDP reading was the strongest in more than a decade and a jump from the previous estimate of 3.9%. The improvement was mainly due to the pace of consumption growth being revised up sharply.
European shares finished mixed on Wednesday with reports of an acquisition in the pharmaceutical sector helping the FTSE 100 to post slim gains. Trading volumes were light in Europe with markets open for just a half day due to the festive holidays. The Germany?s DAX closed higher by 0.6%, while London's FTSE 100 gained 0.2%. However, France's CAC 40 index fell by 0.4%.
On Wednesday, most of the Indian ADRs ended on a weak note barring ICICI Bank, which ended higher by 0.7%. Infosys & Wipro ended lower by 1% & 0.4% respectively, while Dr. Reddy?s, Tata Motors & HDFC Bank fell by 0.2%, 0.8% & 0.1% respectively.
Latin American Markets
Among the Latin American markets, the Mexican markets fell by 0.3%, while the Brazilian index ended higher by 1.5%.
Asian Markets
Among the Asian markets, Nikkei and Strait Times are trading lower by 0.2% & 0.1% respectively. However, Kospi & Shanghai are up by 0.8% & 0.3% respectively, while Taiwan is trading flat.
As of IST 8.20 am SGX Nifty is trading higher by 10.5 points.
Currencies
The currency markets were closed on Thursday. The rupee weakened against the dollar on Wednesday as dealers here bought the US currency, noting its strength against global currencies overnight. The local unit closed at 63.525 per dollar, down 0.37% from its previous close of 63.2925.
Commodities
Among the Metal prices, Aluminium & Nickel fell by 0.1% & 0.9% respectively, while Zinc ended flat on Wednesday
Key Events for today
Japan - Household Spending, CPI, Industrial Production, Retail Sales Indian - Forex Reserves, Bank Loan Growth
Outlook
Indian markets could marginally higher and remain volatile in a range of plus / minus 25 points on Nifty throughout the session. Strong support for Nifty is at 8085 level, while immediate resistance is at 8375 level.
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