Skip to main content

NIFTY AND STOCK MARKETS MORNING OUTLOOK 8TH AUG

By

August 08, 2012
-Daily Morning Outlook-
Markets at a Glance
A gap up opening is likely on the cards for the Indian indices today tracking positive Asian mar-kets. Meanwhile Asian shares are trading higher today, extending their sharp rally for the third straight day, on heightened expectations that central banks in the US and Europe may take immediate actions to boost their respective economies. Japan's Nikkei 225 leading the surge to test the psychological 9,000 level, powered by exporters buoyed by expectations of fresh stim-ulus measures from central banks, boost risk appetite. In the absence of any economic data, investors are eyeing the key data from China to be released on Thursday, including industrial production, retail sales and inflation, to gauge the health of the world’s second-largest econo-my. The SGX Nifty, Aug’12 contract last traded at 5,370, up by 30 points from previous session.
Wall Street Update
The US markets continued their gaining streak for the third straight day, with the S&P and Nasdaq rose to three month high bolstered by expectations the European Central Bank would act soon to contain the Eurozone's debt crisis. Further, adding to the bullish tone, a belief among investors that the Federal Reserve will take additional steps to boost economy if growth remains sluggish. However, the volumes remained thin that kept the markets relatively flat following the opening thrust higher, while the S&P 500 and Nasdaq finished over 1,400 and 3,000 for the first time since the start of May.
Previous Day Roundup (Domestic)
 Indian benchmark indices ended higher extended their previous session rally with both the BSE Sensex and the NSE Nifty surged more than 1%, on continued optimism over economic reforms.
 On the sectoral front, barring the Health Care and Consumer Durables indices, rest all the indices ended in positive, mainly led by the IT, Auto, Teck, Realty and Bankex indices up by more than 1% to 2%.
 The BSE Sensex closed at 17,602 up by 189 points or by 1.1% and NSE Nifty closed at 5,337 up by 54 points or 1.0%.
 The Indian rupee rose to as high as 55.07 against the dollar on account of heavy dollar sales by the domestic companies.

INTRADAY TRADING SYSTEMS AND NIFTY BUY SELL SOFTWARE

Comments

Post a Comment

Popular posts from this blog

COMMODITY UPDATES 8TH AUG

By
August 8, 2012 News Highlights:  The U.S. API Weekly Crude Stock fell to a seasonally adjusted annual rate of -5.35M, from -11.61M in the preceding month in turn indicating that demand for the fuel in US, world’s largest consumer of crude oil is strong.  Crude oil output from Organization of Petroleum Exporting Countries (OPEC) fell 270,000 barrels per day (bpd) in July to 31.45 million bpd from 31.72 mbpd in June, raising supply concerns in the near future.  The Federal Ministry of Economy and Technology said that German manufacturing orders declined more than expected by 1.7 percent month-on-month in June against expectations of a drop of 0.8 percent which in turn curbed gains in copper by dampening demand outlook for industrial metal.  The European Central Bank is expected to start unlimited buying of stricken member states' bonds to drive down their crippling borrowing costs and shore up its faltering economy which in turn improved demand prospects for copper and c
Post a Comment
Read more

Nifty futures test 5000 mark; Asian indices slide sharply by Venky Vembu May 7, 2012

By
Hong Kong : The blood has barely been wiped off the trading floors after last week’s tumbles on the Indian markets. But already, markets are off to another bloody start to the week. Nifty futures are again sharply down in early trades on Monday, testing the 5000 mark on very weak global cues after election results in  Greece  and France over the weekend, and tepid US employment data on Friday, busted investor sentiment. (More details  here .) Listen to market audio: All across the region, trading boards are awash in red. As at 7.30 am IST, most of the indices are down in excess of 2 percent. Tokyo, returning from a holiday, is down the hardest, playing catch-up with last week’s falls: it’s now down in excess of 2.5 percent. Hong Kong is down about 2 percent, and Sydney about 1.5 percent. Shanghai is faring the best of the lot, down only about 0.2 percent. We’re probably looking at sharp losses when markets open in Mumbai today. Reuters Nifty futures are down nearly 1.5
Post a Comment
Read more

FII AND INDIAN STOCK MARKET

By
In fact, Foreign Institutional Investor ( FII)  is allowed to enter into INDIA only through stock markets either in the form of equity of debt.  Thus it makes an impact on the rise or fall of Sensex or nifty, since FII is allowed to be purchased or sold daily.  The daily transaction of FII is the reason behind the volatility in the stock markets and has strong impact on the various macro-economic variables and the economy as a whole.  The impact of variation in inward or outward flow of FII can be simply exhibited in NIFTY LIVE behavior pattern.  The impact of FII can be best interpreted by explaining the recent behavior of market.  The second half of NIFTY FUTURE February series showed a well deserved consolidation after a long BULL-MARKET.  However, NIFTY FUTURE March series ended up with SENSEX slipping below psychological mark of 18000.  These all epitomizes the immense impact of FII flow in the Indian Stock Market.  Intraday traders do take care of FII activity meticulously. 
Post a Comment
Read more