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Indian Markets
The 30-share Sensex ended higher by 330 points at 27,702 and the Nifty surged 99 points at 8,324 levels on Monday. The broader markets underperformed the benchmark indices- BSE Midcap and Smallcap indices gained between 0.4-01%.
The market breadth in BSE ended positive with 1,557 shares advancing and 1,351 shares declining. NSE cash turnover was at Rs. 18292.
BSE Bankex, FMCG and Power indices surged by almost 1.5%. Sectors like Auto, Consumer Durables, Healthcare, Metal, Oil & Gas and Realty gained between 0.5-1.4.
As per the provisional figures on Wednesday, FIIs were net sellers of Rs. 335 cr in the cash market, while they were net buyers of Rs. 886 cr in the F&O markets. DIIs were net buyers of Rs. 389 cr in the cash market.
US and European Markets
The Dow Jones industrial average was last up 0.61 percent at 17,914.07, while the S&P 500 was up 0.21 percent at 2,075.06. The Nasdaq Composite was last up 0.26 percent, to 4,777.67. US stocks inched up, but some profit-taking after the S&P 500's best weekly performance in nearly two months capped gains. Anticipation of outright government bond buying from the European Central Bank and greater political stability in Greece boosted European bourses.
European markets finished higher with shares in Germany leading the region. The DAX is up 0.81% while London's FTSE 100 is up 0.48% and France's CAC 40 is up 0.30%.
The Indian ADRs ended on a mix note. Infosys & Dr. Reddy?s fell by 0.1% each. However, Wipro & Tata Motors gained 1.3% & 1.6% respectively, while ICICI & HDFC Bank ended higher by 0.5% & 0.9% respectively.
Latin American Markets
Among the Latin American markets, the Mexican markets gained 0.8%, while the Brazilian index ended higher by 1%.
Asian Markets
Among the Asian markets, Kospi & Shanghai are down by 0.1% & 0.8% respectively. However, Nikkei & Strait Times are up by 0.1% each, while Hang Seng & Taiwan are up by 0.2% each.
As of IST 8.30 am SGX Nifty is trading higher by 20 points.
Currencies
The rupee gains 7 paise to 63.23 against the US dollar in morning trade on fresh selling of the American currency by banks and exporters. The rupee opened steady at 63.30 per dollar at the Interbank Foreign Exchange; but, firmed up to 63.22 before quoting at 63.23 per dollar at 1000 hour
The euro was at 1.22 vs USD. In New York market, the ICE US dollar index finished the last week at its highest level since March 2006 as investors pushed the dollar higher against the euro, yen and pound after Federal Reserve Chairperson Janet Yellen hinted that the central bank would begin raising rates around the middle of 2015.
Commodities
Oil for Feb 2015 contract was lower by 3.3% at $55.3/barrel.
Gold for Feb 2015 delivery was down by 1.4% at $1179.8/troy ounce.
Key Events for today
US - Chain Stores Sales, Core PCE Prices, Corporate Profits, Durable Goods Orders, GDP, Redbook, House Price Index, Michigan Consumer Sentiment, Inflation Expectations, Core PCE Price Index, New Home Sales, Richmond Manufacturing Index, Dallas Fed PCE, Bill Auction, Personal Income
Europe - French Consumer Spending, French GDP, Import price index, Italian Retail Sales
UK - Business Investment, BBA Mortgage Approvals, GDP
Mexico - Core CPI, Economic Activity
Outlook
Indian markets could open in the green following positive global cues and remain volatile in a range with positive bias throughout the session. Intra-day profit taking at higher levels cannot be ruled out towards the latter half of the session. Strong support for Nifty is at 8210 level, while immediate resistance is at 8375 level. Among the sectoral indices, Bankex, FMCG & Power look good and could outperform, while IT looks weak.
Source: http://indiaer.blogspot.in/