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Indian Markets
Benchmark share indices ended the first trading day of 2015 on a flat note as investors shifted focus from large caps to fundamentally sound stocks in the broader market.
The 30-share Sensex ended up 8 points at 27,508 and the 50-share Nifty closed 1 point higher at 8,284. The broader markets outperformed the benchmark indices. The BSE Mid-cap index gained 0.6% and the Small-cap index ended up 1.2%. Market breadth was strong with 1,684 gainers and 973 losers on the BSE.
BSE Metal index was the top sectoral gainer up 1% followed by Capital Goods and Auto indices among others. Defensives such as Healthcare and FMCG indices were the losers. Losses in index heavyweights Reliance Industries and ITC along with mortage lender HDFC contributed the most to the Sensex decline.
As per the provisional figures on Thursday, FIIs were net buyers of Rs. 18 cr in the cash market, while they were net buyers of Rs. 479 cr in the F&O markets. DIIs were net buyers of Rs. 20 cr in the cash market.
US and European Markets
U.S. & European markets were closed on Thursday on account of New Year Holiday.
Latin American Markets
Brazil and Mexican markets were closed on Thursday on account of New Year.
Asian Markets
Shares in Hong Kong are higher as the Hang Seng gains 0.36%. The stock markets in Tokyo and Shanghai are closed.
As of IST 8.25 pm SGX Nifty was trading lower by 9 points.
Currencies
The Indian rupee on Thursday weakened against the dollar after India?s fiscal deficit in April-Nov reached 99% of its full-year budgeted estimate, raising concerns that the government is unlikely to achieve its target of limiting the shortfall to 4.1% of GDP. The rupee closed at 63.36 a dollar, down 0.49% from its previous close of 63.04.
Key Events for Today
China - HSBC Manufacturing PMI
India - HSBC Markit Manufacturing PMI, Forex Reserves
EU, Germany - Manufacturing PMI
UK - Mortgage Approvals,
US - ISM Manufacturing PMI, Construction Spending
Outlook
Indian markets could open flat/mildly negative but could later gain momentum to end higher in today?s session. Immediate support for Nifty is at 8220 level, while immediate resistance is at 8375 level. Among the sectoral indices Oil & Gas, Banks, Capital Goods could relatively outperform while FMCG, Pharma could relatively underperform.
Benchmark share indices ended the first trading day of 2015 on a flat note as investors shifted focus from large caps to fundamentally sound stocks in the broader market.
The 30-share Sensex ended up 8 points at 27,508 and the 50-share Nifty closed 1 point higher at 8,284. The broader markets outperformed the benchmark indices. The BSE Mid-cap index gained 0.6% and the Small-cap index ended up 1.2%. Market breadth was strong with 1,684 gainers and 973 losers on the BSE.
BSE Metal index was the top sectoral gainer up 1% followed by Capital Goods and Auto indices among others. Defensives such as Healthcare and FMCG indices were the losers. Losses in index heavyweights Reliance Industries and ITC along with mortage lender HDFC contributed the most to the Sensex decline.
As per the provisional figures on Thursday, FIIs were net buyers of Rs. 18 cr in the cash market, while they were net buyers of Rs. 479 cr in the F&O markets. DIIs were net buyers of Rs. 20 cr in the cash market.
US and European Markets
U.S. & European markets were closed on Thursday on account of New Year Holiday.
Latin American Markets
Brazil and Mexican markets were closed on Thursday on account of New Year.
Asian Markets
Shares in Hong Kong are higher as the Hang Seng gains 0.36%. The stock markets in Tokyo and Shanghai are closed.
As of IST 8.25 pm SGX Nifty was trading lower by 9 points.
Currencies
The Indian rupee on Thursday weakened against the dollar after India?s fiscal deficit in April-Nov reached 99% of its full-year budgeted estimate, raising concerns that the government is unlikely to achieve its target of limiting the shortfall to 4.1% of GDP. The rupee closed at 63.36 a dollar, down 0.49% from its previous close of 63.04.
Key Events for Today
China - HSBC Manufacturing PMI
India - HSBC Markit Manufacturing PMI, Forex Reserves
EU, Germany - Manufacturing PMI
UK - Mortgage Approvals,
US - ISM Manufacturing PMI, Construction Spending
Outlook
Indian markets could open flat/mildly negative but could later gain momentum to end higher in today?s session. Immediate support for Nifty is at 8220 level, while immediate resistance is at 8375 level. Among the sectoral indices Oil & Gas, Banks, Capital Goods could relatively outperform while FMCG, Pharma could relatively underperform.
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