Markets May Open Positive
DSIJ Intelligence / 04 Jul 2012
The Indian markets may open positive owing to the positive cues from the global markets. The SGX Nifty is currently trading 21 points up to 5317.
Overnight the US markets closed in positives on date on factory orders. The higher commodities prices boosted energy and materials stocks in the US markets. The Dow Jones Industrial Average advanced 0.6%, to close at 12,944. The US Commerce Department yesterday said that the orders for U.S. factory goods rose by 0.7% in May. Better than expected factory orders were seen positively by the markets. The S&P 500 Index closed up 0.6%, at 1,374 while the NASDAQ Composite index advanced 0.8%, to close on 2,976.
| Benchmark Indices | ||
|---|---|---|
| Index | Closing | % Change |
| SENSEX | 17426 | 0.15 |
| NIFTY | 5288 | 0.18 |
| Dow Jones | 12944 | 0.56 |
| S&P 500 | 1374 | 0.62 |
| NASDAQ | 2976 | 0.84 |
| Bovespa | 55780 | 1.99 |
| FTSE | 5688 | 0.83 |
| DAX | 6578 | 1.26 |
| CAC | 3271 | 0.96 |
| Live | ||
| Hang Seng | 19,753 | 0.09 |
| Nikkei | 9,101 | 0.38 |
| Shanghai | 2,339 | 0.18 |
The European stocks also rose yesterday on the hopes that the ECB would act to boast the growth in the European countries. The unemployment across the member countries have surged 11.1% due to the slowdown. The manufacturing activity has also indicated the slowdown in the European region due to which there are higher hopes of easing of the monetary policy to boast the growth.
| Key Global Indicators | ||
|---|---|---|
| Gold (Rs/10gm) | Crude ($/bbl) | |
| Spot | 29,445.00 | 100.63 |
| % change | - | -0.05% |
| Future | 29,469.00 | 87.55 |
| % change | -0.64% | -0.13% |
Overall the shares of the energy companies have rose as the commodity prices have increased. The crude oil futures have touched USD 100/barrel mark again.The rupee has also shown some strength and is trading below 55 / USD mark again.
| Currency Rates | ||||
|---|---|---|---|---|
| Rs/$ | Rs/Euro | Rs/GBP | Rs100/JYP | |
| RBI Rate | 54.81 | 69.06 | 86.04 | 68.71 |
| Future | 54.79 | 69.07 | 85.89 | 68.56 |
Back home yesterday markets shown a very good strength while opening but by closing they trimmed the morning gains showing volatility. We may witness similar trend with the markets gaining on hopes of the central banks going for the rate cut. however it could be trimmed due to the domestic issues like confusion on the proposed GAAR policy, Split vertid on telecom 3G roaming agreements.
In conclusion we at Dalal Street Investment Journal expect the markets to open positive amid volatility.
| BSE Institutional Turnover | ||||||
|---|---|---|---|---|---|---|
| FII | DII | |||||
| Trade Date | Buy | Sales | Net | Buy | Sales | Net |
| 3-Jul-12 | 2,233.64 | 1,643.93 | 589.71 | 715.98 | 1,259.95 | -543.97 |
| 2-Jul-12 | 2,104.11 | 1,513.05 | 591.06 | 783.2 | 1,230.69 | -447.49 |
| 29-Jun-12 | 4,747.12 | 1,700.36 | 3,046.76 | 1,532.57 | 1,783.28 | -250.71 |
| July, 2012 | 4,337.75 | 3,156.98 | 1180.77 | 1499.18 | 2,490.64 | -991.46 |
| FII DERIVATIVES STATISTICS FOR 3-July-2012 | |||||
|---|---|---|---|---|---|
| BUY | SELL | OI (End of the day) | Net Position | ||
| Rs (crore) | Rs (crore) | No. of contracts | Rs (crore) | Rs (crore) | |
| INDEX FUTURES | 1445.76 | 1029.81 | 501154 | 13000.59 | 415.95 |
| INDEX OPTIONS | 11576.47 | 11285.50 | 1343473 | 35519.14 | 290.97 |
| STOCK FUTURES | 1244.93 | 1396.84 | 888107 | 23936.38 | -151.90 |
| STOCK OPTIONS | 689.43 | 653.42 | 27517 | 785.27 | 36.02 |
| Total | 14956.60 | 14365.57 | 2760251.00 | 73241.38 | 591.03 |
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