Indian markets may open negative in line with the weak global cues

DSIJ Intelligence / 09 Feb 2012

Asian shares have fallen sharply in early trades, pressurized by a stronger-than-expected reading on Chinese consumer inflation, uncertainty over the ongoing Greek debt negotiations and weak data from Japan.
Opening Bias

The Indian markets may open negative in line with the weak global cues. The SGX Nifty is trading down by 25 points at 5,369, indicating a gap down opening to the markets today.

Benchmark Indices

Index

Closing

% Change

SENSEX

17707.32

0.48

NIFTY

5368.15

0.62

Dow Jones

12884

0.05

S&P 500

1349.96

0.18

NASDAQ

2915.86

0.41

Bovespa

65831.20

-0.13

FTSE

5875.93

-0.24

DAX

6748.73

-0.08

CAC

3410

-0.05

LIVE

Hang Seng

21024.8

0.03

Nikkei

8965.41

-0.56

Shanghai

2354.68

0.30

Overnight, a meeting between Greece’s prime minister and top party leaders ended without an agreement on the austerity measures needed to receive the nation’s next tranche of aid. In other negative developments, China’s consumer prices rose at a faster-than-expected rate of 4.5 per cent in January from the year-ago period in a likely setback to expectations that Beijing may loosen its monetary policy in the near term. 

Currency Rates

 

Rs/$

Rs/Euro

Rs/GBP

Rs100/JYP

RBI Rate

49.0683

65.1526

78.0873

63.6500

Future

49.3750

65.4875

78.3850

64.1350

Consequently the Asian shares have fallen sharply in early trades, pressurized by a stronger-than-expected reading on Chinese consumer inflation, uncertainty over the ongoing Greek debt negotiations and weak data from Japan.

We expect the cascading effect of these developments to cast their shadow over the Indian equity markets today. Also a weak set of Q3 numbers from Sensex heavyweights like ONGC and Bharti Airtel will put pressure on investor sentiments.

Key Global Indicators

 

Gold (Rs/10gm)

Crude ($/bbl)

Spot

27496

117.07

% change

-

-0.31

Future

28161

98.95

% change

-0.75

0.24

In conclusion, for today we expect the markets to remain negative. We advise our readers to be cautious and keep a close watch on the European opening cues.

Corporate Action

Corp Action

Scrip Name

Action

Ratio

Financial Tech

3rd Interim Dividend

2.00

IDBI Bank

Interim Dividend

2.00

NMDC

2nd Interim Dividend

1.00

Orient Paper

Interim Dividend

1.00

Transport Corp

Interim Dividend

0.40

Results Today

Scrip Name

Action

Scrip Name

Action

Scrip Name

Action

ACC

Q3FY12

GTL Infra

Q3FY12

Rajesh Exports

Q3FY12

Adani Enter

Q3FY12

Gujarat State Pet

Q3FY12

Ruchi Soya

Q3FY12

Alfa Laval

Q3FY12

Hindalco Inds

Q3FY12

Selan Expl-$

Q3FY12

Ambuja Cements

Q3FY12

HPCL

Q3FY12

Shasun Pharma

Q3FY12

Apollo Tyres

Q3FY12

Indiabulls Sec

Q3FY12

Sundaram Brake

Q3FY12

Camson Bio-$

Q3FY12

J Kumar Infra

Q3FY12

Sundram Fast

Q3FY12

Core Projects

Q3FY12

Jindal Saw

Q3FY12

TALWALKAR

Q3FY12

Cummins India

Q3FY12

Jindal Stainless

Q3FY12

Tata Steel

Q3FY12

Dion Global Sol

Q3FY12

JK Tyre

Q3FY12

Tilaknagar Inds-$

Q3FY12

Elder Health

Q3FY12

Kernex Micro

Q3FY12

Tree House Edu

Q3FY12

FAG Bearings

Q3FY12

KRBL

Q3FY12

UB Engineering

Q3FY12

Flexituff Intl

Q3FY12

Moser Baer

Q3FY12

VA Tech Wabag

Q3FY12

FORTIS

Q3FY12

MRF

Q3FY12

Venkys India

Q3FY12

Gammon India

Q3FY12

Orbit Corp

Q3FY12

Walchandnagar

Q3FY12

GTL

Q3FY12

Orient Abr-$

Q3FY12

BSE Institutional Turnover

 

 FII

 DII

Trade Date

 Buy

 Sales

 Net

 Buy

 Sales

 Net

8-Feb-12

4,402.73

4,018.49

384.24

1,512.31

1,936.77

-424.46

7-Feb-12

2,898.03

2,279.19

618.84

916.16

1,770.62

-854.46

6-Feb-12

3,512.46

2,514.52

997.94

1,378.21

1,561.33

-183.12

Feb , 12

24,161.37

17,468.42

6,692.95

8,045.70

11,108.75

-3,063.05

FII DERIVATIVES STATISTICS FOR 08-Feb-2012

 

Buy

Sell

OI (End of day)

Net Position

 

Rs (crore)

Rs (crore)

No. of contracts

Rs (crore)

Rs (crore)

Index Futures

2096.00

1911.67

566464

15177.20

184.34

Index Options

17052.55

17147.26

1471782

39486.63

-94.71

Stock Futures

1757.74

2322.05

1018432

29223.18

-564.30

Stock Options

730.70

777.13

54013

1520.58

-46.43

Total

21636.99

22158.10

3110691

85407.59

-521.11

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