12 Aug 2008 | 10:18
Markets could open flat to up & run into profit taking. IIP data for the month of June will be keenly watched
The
Indian Markets closed on a strong note on Monday with the BSE Sensex
closing at 15503.9, up by 2.2% over Friday’s close. The Nifty opened
gap up & maintained its strength through the day. It made an
intra-day high of
4625.2 towards the end of the session, before
closing at 4620.4, up by 2% over Friday’s close. The NSE cash turnover
stood at Rs. 12438 crores in comparison to Rs. 12533 crores on Friday.
The market breadth was positive on BSE with the advance-decline ratio
of 2:1. Among the sectoral indices, Realty, Banks & Oil & Gas
were the major gainers, which increased by 5.3%, 4.2% & 2.9%
respectively. However, Consumer Durables & IT looked weak, which
fell marginally by 0.1% each.
On Monday, the U.S. markets ended
higher as oil prices closed lower for a sixth day, improving prospects
for consumer and business spending. Dow Jones & Nasdaq increased by
0.4% & 1.1% respectively. The Indian ADRs ended in the green except
Infosys, which fell by 0.4%. Wipro & Satyam increased by 1.8%, 2.5%
respectively. ICICI & HDFC Bank increased by 1.5% & 1%
respectively. Tata Communications increased by 1.5%. Among the Latin
American markets, the Mexican market decreased by 0.7%, while Brazilian
market decreased by 3.3%. Among the metal prices, Aluminium, Copper
& Zinc fell by 0.4%, 0.7% & 2% respectively. The light crude
oil for September decreased by 0.7% to settle at $114.45 a barrel.
Today, the Asian Markets are trading down with Nikkei & Hang Seng
index trading down by 0.7% & 0.1% respectively. Shanghai is trading
down by 0.8%.
On Friday, the FIIs were net buyers of Rs. 79
crores in the cash market, while they were net sellers of Rs. 773
crores in the F&O Markets. Mutual Funds were net sellers of Rs. 131
crores. As per the provisional figures, FIIs were net buyers of Rs. 281
crores in the cash market on Monday, while they were net buyers of Rs.
816 crores in the F&O markets.
Today, we expect the Markets
to open flat to up & run into profit taking at higher levels. IIP
Data for the month of June will be keenly watched today.
Among the indices, Oil & Gas & Power are expected to do well.
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Markets could open flat to up & run into profit taking. IIP data for the month of June will be keenly watched
The
Indian Markets closed on a strong note on Monday with the BSE Sensex
closing at 15503.9, up by 2.2% over Friday’s close. The Nifty opened
gap up & maintained its strength through the day. It made an
intra-day high of
4625.2 towards the end of the session, before
closing at 4620.4, up by 2% over Friday’s close. The NSE cash turnover
stood at Rs. 12438 crores in comparison to Rs. 12533 crores on Friday.
The market breadth was positive on BSE with the advance-decline ratio
of 2:1. Among the sectoral indices, Realty, Banks & Oil & Gas
were the major gainers, which increased by 5.3%, 4.2% & 2.9%
respectively. However, Consumer Durables & IT looked weak, which
fell marginally by 0.1% each.
On Monday, the U.S. markets ended
higher as oil prices closed lower for a sixth day, improving prospects
for consumer and business spending. Dow Jones & Nasdaq increased by
0.4% & 1.1% respectively. The Indian ADRs ended in the green except
Infosys, which fell by 0.4%. Wipro & Satyam increased by 1.8%, 2.5%
respectively. ICICI & HDFC Bank increased by 1.5% & 1%
respectively. Tata Communications increased by 1.5%. Among the Latin
American markets, the Mexican market decreased by 0.7%, while Brazilian
market decreased by 3.3%. Among the metal prices, Aluminium, Copper
& Zinc fell by 0.4%, 0.7% & 2% respectively. The light crude
oil for September decreased by 0.7% to settle at $114.45 a barrel.
Today, the Asian Markets are trading down with Nikkei & Hang Seng
index trading down by 0.7% & 0.1% respectively. Shanghai is trading
down by 0.8%.
On Friday, the FIIs were net buyers of Rs. 79
crores in the cash market, while they were net sellers of Rs. 773
crores in the F&O Markets. Mutual Funds were net sellers of Rs. 131
crores. As per the provisional figures, FIIs were net buyers of Rs. 281
crores in the cash market on Monday, while they were net buyers of Rs.
816 crores in the F&O markets.
Today, we expect the Markets
to open flat to up & run into profit taking at higher levels. IIP
Data for the month of June will be keenly watched today.
Among the indices, Oil & Gas & Power are expected to do well.
Visit site at – http://investorline.co.in/
Newsroom - http://newsroom.investorline.co.in/
Learning Center- http://learning.investorline.co.in/
Mutual funds - http://mutualfunds.investorline.co.in/
Life Insurance - http://insurance.investorline.co.in/
Investor Journal - http://research.investorline.co.in/
Investor Forums- http://forums.investorline.co.in/
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