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Pre-market: Markets may open in green

Monday, November 7, 2011

November 08, 2011 | 8.30 AM

Markets may open in green
After a long-weekend, the Indian markets are set for a positive start following gains in Asia and US.
Headlines for the day
  • Maruti's Manesar workers apply for re-registration of union
  • ONGC board okays acquisition of ADB stake in Petronet
  • NTPC to raise capacity to 128,000MW by 2032
  • TVS Motor to invest in West Bengal plant
  • Motherson Sumi to seek shareholder nod for QIP
 
Events for the day
  • Results: Aban Offshore, ABB, Aurobindo Pharma, Bank of India

 

 STOCK TO WATCH
n ABAN n OPTO
n ABB n HINDCOPPE
n BOSCH n IDFC

 FOREX

Currency

Level

USD to INR

48.95

GBP to INR

78.56

Euro to INR

67.30

JPY to INR

0.63

INDIAN INDICES

Indices

Support Resistance
Sensex

17283

17748

Nifty

5200

5340

Markets have been extremely sensitive to headlines from Europe, with equities changing directions as traders react to any developments in the region.

Volatility may remain in today's trade owing to developments in the Europe. Today's opening is expected to be on a positive note tracking gains in Asia and US.

Investors may also focus on another debt-burdened country, Italy and political uncertainty in that region may lead to a cautious trade.

Other companies that will announce results today are Bosch, Godrej Industries, Hindustan Copper, IDFC, Opto Circuits (India), Pidilite Industries, Reliance Infrastructure and Reliance Power.

FII/MF ACTIVITIES

As on 04-11-2011

FII
(Rs cr)
MF*
(Rs cr)
Gross purchase

1887.20

589.00

Gross sale

1809.40

438.50

Net investment

77.90

150.60

*As on 03-11-2011

Daily trend of FII/MF investment in equities
The FIIs have purchased Indian stocks worth a net of Rs77.90 crore on November 04, 2011. The domestic investors have bought Indian shares worth a net of Rs150.60 crore on November 03, 2011. The data is as per the SEBI website.

GLOBAL INDICES

The European stocks fell on Monday (November 07, 2011) in choppy trading driven by political turmoil in debt-laden Italy, where bond yields hit euro-era highs, though equities pared losses on hopes Italian Prime Minister Silvio Berlusconi was about to resign.

The US stocks closed a volatile, lightly traded session slightly higher on Monday, with sentiment continuing to shift with the latest headline from Europe.

The Asian markets were trading higher on Tuesday (November 08, 2011). SGX Nifty was trading 55 points higher, suggesting a positive opening for the Indian markets.

Commodity cues
Crude Oil prices rose on Monday on elevated concerns about Iran's nuclear program and on hopes that a new Greek government will allow Europe to contain its debt crisis.

 COMMODITIES

Commodity

Level ($)

Chg ($)

Gold

1791.10

35.00

Silver

34.83

0.74

Crude

95.52

1.26


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