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Pre-market: Markets set for a positive opening

Wednesday, January 2, 2013

January 03, 2013 | 8.30 AM

Markets set for a positive opening
The Indian indices are likely to open in the green zone backed by global support. SGX Nifty is also trading 22.50 points higher.
Headlines for the day
  • NMDC cuts iron ore lump prices by Rs320 a tonne
  • KFA should revive for its employees, passengers: Ajit Singh
  • Geometric acquires German firm 3Cap Technologies

 

Events for the day
  • Ex date for dividend of Sharon Bio-Medicine
  • Ex date for stock split of Visesh Infotecnics

 

 STOCK TO WATCH
n SBIN n KFA
n INFY n ITC
nRPOWER n ABB

 FOREX

Currency

Level

USD to INR

54.36

GBP to INR

88.26

Euro to INR

71.59

JPY to INR

0.62

INDIAN INDICES

Indices

Support Resistance
Sensex

19580

19901

Nifty

5965

6006

Today the global scenario looks favourable, which may result in positive opening of the Indian markets. SGX Nifty is also trading 22.50 points higher. 

On Wednesday (January 02, 2013), the Sensex settled at 19714, up by 133 points while the Nifty closed at 5993, rising by 42 points.

FII/MF ACTIVITIES

As on 01-01-2013

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

1020.80

308.60

Gross sale

203.00

339.00

Net investment

817.80

(30.40)

*As on 01-01-2013

Daily trend of FII/MF investment in equities
The FIIs have been the net buyers Indian stocks to the tune of Rs817.80 crore on January 01, 2013. The domestic investors sold Indian shares worth a net of Rs30.40 crore on January 01, 2013. The data is as per the SEBI website.

GLOBAL INDICES

Asian stock markets are mixed on Thursday (January 3, 2013), with Australia continuing to rise on relief over a fiscal-cliff deal, while currencies took pause after Wednesday's strong gains.

European shares posted stellar broad-based gains on Wednesday (January 2, 2013), as investors returning from the New Year's break cheered a deal in Washington to avert the so-called fiscal cliff, widely seen as potentially threatening a US recession.

US stocks kicked off the new-year with their best day in over a year on Wednesday, sparked by relief over a last-minute deal in Washington to avert the "fiscal cliff" of tax hikes and spending cuts that threatened to derail the economy's growth.

Commodity cues
Crude oil prices rose on Wednesday on news the US Congress passed a fiscal package that prevents most of the automatic tax hikes expected to jolt the world's biggest oil consumer into recession

 COMMODITIES

Commodity (MCX)

Price (Rs)

% Chg 

Gold

31043

0.5

Silver

58926

1.74

Crude Oil

5048

0.34


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