Skip to main content
By

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)

Comments

Post a Comment

Popular posts from this blog

COMMODITY RESEARCH NEWS

By
August 9, 2012 News Highlights:  The Energy Information Administration said that U.S. Crude Oil Inventories fell more than expected to a seasonally adjusted annual rate of -3.729M, from -6.522M in the preceding month indicating that demand for the fuel in US, world’s largest consumer of crude oil is strong.  The German industrial production fell 0.9 per cent in June, more than forecasts for a 0.8 per cent decline, following an upwardly revised 1.7 per cent gain in May indicating a weakening euro zone crisis and further dampening demand prospects for copper and crude oil.  China's annual consumer inflation fell to a 30-month low of 1.8 percent in July from June's 2.2 percent creating more room for policy easing to support economic growth which in turn curbed losses in copper by improving demand outlook for industrial metal.  The U.S. dollar index, a measure of the value of the United States dollar relative to a basket of foreign currencies, ended 0.22 per cent higher ...
Post a Comment
Read more
By
.. It is your trading methodology that will ultimately determine whether you win or lose in the markets. While, it is vital that you have the discipline to stick to your plan, it is equally vital that you have one to stick to in the first place. EVERY SUCCESSFUL TRADER HAS A WINNING TRADING SYSTEM and there are as many successful systems as there are traders. Some systems get you to buy on strength and sell on weakness; others do the opposite. Some investors succeed as value investors, such as Warren Buffet; others make their millions in momentum trading. I have even heard of an astrologist who is said to trade profitably using the stars. Although there are a variety of methods, the point I am trying to illustrate here is this: there are many ways to profit from the markets. Despite their differences, TECHNO TRADES TRADING SYSTEMS FOR ALL MARKETS MASTER THE ART OF TRADING HIGH ACCURACY MAKE DAILY PROFITS FROM MARKETS THERE IS ONE COMMON ELEMENT AMONGST ALL SUCCESSFUL TRADERS: THE...
Post a Comment
Read more