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Pre-market: Markets set for a strong start on global support

Sunday, August 5, 2012

August 06, 2012 | 8.30 AM

Markets set for a strong start on global support
The Indian markets may see a higher opening on the back of good global cues. SGX Nifty is also trading 47 points higher.
Headlines for the day
  • AAI refuses to allow Kingfisher lessors to take back aircraft
  • MCX-SX gets SEBI, RBI approval for currency options
  • RIL streamlines promoter holding, pares number of firms to 55
  • EGoM to meet today to decide on spectrum sale schedule
  • Cipla to invest Rs500 cr to set up active ingredient facilities

 

Events for the day
  • Results: Aditya Birla Nuvo, Andhra Bank, Britannia Industries, Cadila Healthcare, DLF, EIH, Financial Technologies (India), Steel Authority of India, Wockhardt

 

 STOCK TO WATCH
n DLF n SAIL
n AXISBANK n RELIANCE
nMARUTI n SBIN

 FOREX

Currency

Level

USD to INR

55.76

GBP to INR

87.09

Euro to INR

69.11

JPY to INR

0.71

INDIAN INDICES

Indices

Support Resistance
Sensex

17026

17400

Nifty

5140

5306

Today, on the first trading day of the week, the opening on the Dalal Street is going to be in thee green zone tracking strong global cues. SGX Nifty is also trading 47 points higher.

Investors will be looking for data from China starting Thursday (August 9, 2012), from trade to bank loans and investment, to give the global economy a further lift.

Major companies reporting results today - Aditya Birla Nuvo, Andhra Bank, Britannia Industries, Cadila Healthcare, DLF, EIH, Financial Technologies (India), Steel Authority of India, Wockhardt.

On Friday (August 03, 2012), the Sensex settled at 17197, down by 26 points while the Nifty closed at 5215, slipping by 12 points.

FII/MF ACTIVITIES

As on 02-08-2012

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

1688.40

384.20

Gross sale

1508.20

360.70

Net investment

180.20

23.50

*As on 02-08-2012

Daily trend of FII/MF investment in equities
The FIIs have been the net buyers Indian stocks to the tune of Rs180.20 crore on August 02, 2012. The domestic investors bought Indian shares worth a net of Rs23.50 crore on August 02, 2012. The data is as per the SEBI website.

GLOBAL INDICES

Asian stock markets advanced on Monday (August 6, 2012) as a stronger-than-expected US jobs data and emerging optimism for European action on the debt crisis lifted the risk appetite, although caution remains until concrete steps are taken, which may be weeks away.

European equities rose on Friday (August 03, 2012), reversing all of the previous day's pull-back and resuming a week-long rally as investors judged that the European Central Bank remains committed to bold action to fight the euro zone debt crisis.

US stocks rallied to its highest level since early May on Friday on a stronger-than-expected jobs report and renewed hopes by the European authorities would act to contain the euro zone debt crisis.

Commodity cues
Crude oil slipped on Friday.

 COMMODITIES

Commodity (MCX)

Price (Rs)

% Chg 

Gold

29898

(0.02)

Silver

53275

(0.08)

Crude Oil

5071

(0)


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