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Markets at a Glance

Indian indices are likely to open lower today, tracking weakness in the Asian markets, as disap-pointing China’s PMI data raised concern over domestic economic slowdown. Meanwhile Asian shares falters on Wednesday on fading hopes of stimulus action this week by the US Federal Reserve and the European Central Bank. The Chinese manufacturing PMI slipped to 50.1 in July from 50.2 in June, the weakest since November 2011, and reflects three consecutive months of decline. However, the Shanghai Composite index edged up ~1% following the comments from Premier Wen Jiabao's that China will step up policy fine-tuning in the second half to support economic growth. The SGX Nifty, Aug’12 contract last traded at 5,239, down by 10.00 points from previous session.

Wall Street Update

The US markets ended lower after trading in a tight range throughout the day as investors re-mained cautious ahead of the US Federal Reserve and the European Central Bank releasing monetary policy statements beginning on Wednesday. Further, the disappointing US consumer spending data also depressed sentiment. Personal spending fell for the second month in suc-cession in June. While, the personal income increased by 0.5% in June, which was slightly greater than the 0.4% expected increase. Further, the US home prices rose for the fourth month in a row in May, suggesting the housing market's recovery kept gaining traction and consumer confidence unexpectedly rose in July at 65.9 as against the expectations of 61.0.

Previous Day Roundup (Domestic)

 Indian benchmark indices ended higher after a volatile trading session led by a late session rebound following stability in global markets, ahead of European Central Bank's (ECB) meeting.

 On the sectoral front, the oil & gas index was the top gainer today up by 1.8% followed by Realty, IT, Health Care and Metal indices up by 0.7% to 1.2%. While, the Consumer Dura-bles index was the top laggard down by 1.8%.

 The BSE Sensex closed at 17,236 up by 93 points or by 0.5% and NSE Nifty closed at 5,229 up by 29 points or 0.6%.

 The Indian rupee weakened against the US dollar after the RBI kept key interest rates un-changed and also due to volatile euro.

Index	31/07/12	Pt Chg	% Chg
BSE SENSEX	17,236	93	0.5
NSE NIFTY	5,229	29	0.6
BSE MIDCAP	6,012	34	0.6
BSE SMALLCAP	6,448	8	0.1
CNX MIDCAP	7,169	28	0.4
BANK NIFTY	10,384	(28)	(0.3)
OIL&GAS	8,158	145	1.8
REALTY	1,638	19	1.2
BANKEX	11,910	(33)	(0.3)
CD	6,297	(118)	(1.8)