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Pre-market: Euro zone woes linger; Markets may fall again
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Wednesday, November 16, 2011 |
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| November 17, 2011 | 8.30 AM | Euro zone woes linger; Markets may fall again Again a weak opening is expected on the back of European woes. Caution may prevail reacting to the euro zone headlines. | | | | | | Headlines for the day | - JSW undecided on Mozambique block
- Titan to buy Swiss watch brand Favre Leuba
- Ashok Leyland to consolidate all group companies
- Aviation fuel price 50% higher in India
| Events for the day | - Release of weekly inflation data
- Ex-date for interim dividend of NMDC, Jaypee Infratech
| | | STOCK TO WATCH |  | | | | | | | FOREX |  | | | | | | | | | | | | INDIAN INDICES |  | | | | | | Indices | Support | Resistance | | | | | Fears are growing that the euro zone's crisis is moving to economies that had been considered more protected from the problems. Investors are reacting to rising yields overseas. The concern is that euro-zone leaders will be unable to enact reforms to reduce debt and promote growth. Mounting fears about contagion from Europe's debt market woes and worries over growth weighed on the global equities and may push the Indian markets lower at start. | | | | | FII/MF ACTIVITIES |  | | | As on 16-11-2011 | FII (Rs cr) | MF* (Rs cr) | | Gross purchase | 1704.00 | 353.20 | | Gross sale | 2081.10 | 388.30 | | Net investment | (377.20) | (35.10) | | | | Daily trend of FII/MF investment in equities The FIIs have sold Indian stocks worth a net of Rs377.20 crore on November 16, 2011. The domestic investors have sold Indian shares worth a net of Rs35.10 crore on November 15, 2011. The data is as per the SEBI website. | | | | GLOBAL INDICES |  | | | | | |  | The European shares closed flat after early losses on Wednesday (November 16, 2011) as Mario Monti's move to form a new technocrat government in Italy and a pledge by Greece's LAOS party to give unconditional support to the New Greek leader provided some relief to markets. The US stocks fell on Wednesday, with selling accelerating late in the session on more warnings about the potential impact of the euro zone's debt crisis on the global economy and the banking system The Asian shares fell on Thursday (17 November 2011) as doubts deepened about Europe's ability to stop its sovereign debt crisis from spinning out of control, with the region's biggest nations split over the European Central Bank's bond buying role. SGX Nifty was trading 68 points down, indicating a negative opening on the Indian bourses. | | | | | | Commodity cues US crude oil prices surged on Wednesday to close above $100 a barrel for the first time since June, propelled by news of a critical pipeline reversal that will ease a year-long oil glut in the Midwest. | COMMODITIES |  | | | Commodity | Level ($) | Chg ($) | | | | | | | | | | | | Manage your newsletter subscriptions |  | | | To know more about our products and services, click here. | | | | Sharekhan Ltd. Regd Add: 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400 042, Maharashtra. Tel: 022 - 61150000. BSE Cash-INB011073351; F&O-INF011073351; NSE - INB/INF231073330; CD - INE231073330; MCX Stock Exchange : CD - INE261073330 DP: NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; PMS INP000000662; Mutual Fund: ARN 20669. | | | | | | "This document has been prepared by Sharekhan Ltd. 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