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NIFTY AND STOCK MARKET UPDATE 9 AUG

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August 09, 2012
-Daily Morning Outlook-
Markets at a Glance
Indian indices are likely to open higher today tracking positive Asian markets. The investors will keep a close eye over the release of industrial production data for the month of June later in the day. Meanwhile Asian shares are trading higher today, as investors awaits a slew of China’s economic data and the Bank of Japan’s interest rate decision. While, Shanghai Composite edged down by 0.4% after Chinese inflation slowed to 1.8% in July to a 30 month low, official data showed Thursday, suggesting the central bank has scope to ease monetary policy further to boost weakening growth in the world's second-largest economy. While, South Korea's cen-tral bank held rates after its policy rate meeting, as expected. The SGX Nifty, Aug’12 contract last traded at 5,368, up by 13 points from previous session.
Wall Street Update
The US markets ended on a mixed note in lackluster trading, on the back of mixed earnings from US companies and disappointing European economic data renewed concerns about eco-nomic growth. Helped drive the gains on Wednesday were consumer staples and health-care stocks. Hewlett-Packard rallied to lead the Dow higher after the tech giant raised its third quar-ter earnings guidance. While, the limited the gains were consumer discretionary and industrial stocks. McDonalds' lost 1.7% after posted an unexpected flat same-store sales in July, mostly hurt by Europe. Besides, a rise in Spain's government borrowing costs also kept investors cau-tious.
Previous Day Roundup (Domestic)
 Indian benchmark indices ended on a flat note after paring majority of gains in the late trade as investors resorted to profit booking after the recent rally.
 On the sectoral front, the Auto index fronted the rally today, closed up by 1.2%. Further the PSU, Metal, IT and FMCG indices also gained ~0.4% to 0.8%. While, the Realty index was the top laggard plunged by 2% followed by Teck, Capital Goods andBankex indices down by 0.5% to 0.8%.
 The BSE Sensex closed flat at 17,601 marginally down by 1 point and NSE Nifty closed at 5,338 slightly up by 1 point.
 The Indian rupee fell on the back of dollar demand from oil refiners and a late fall in the euro.


NIFTY AND STOCKS AND COMMODITIES INTRADAY TRADING WITH AUTO BUY SELL SIGNALS

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