Indian Market:
The key Indian stock benchmarks have managed to claw their way back in mid-morning trade after a soft opening, with Small-Cap and Mid-Cap shares leading from the front. As a result, the market breadth has turned higher. Barring IT, Oil & Gas and Metals, all the sectoral indices on the BSE are also in the positive zone.
At 10:45 am (IST), the BSE Sensex was 15,865, up 6 points over the previous close. It had earlier touched a day’s high of 15,891and a day’s low of 15,672. It opened at 15,781. NSE Nifty was quoting 4,759, up 3 points over the previous close. It has earlier touched a day’s high of 4,767 and a day’s low of 4,700. It opened at 4,731.
Yesterday’s closing Bell-
Sensex staged a pull‐back in the afternoon and closed the settlement day of November series on a positive note. Capital goods, auto and power stocks were the top sectoral performers while FMCG space ended marginally in the red. India's food inflation eased 9.01% for week ended November 12 against 10.63% a week ago. The primary articles price index was up 9.08 % as compared 10.39%. Cabinet approves multi‐brand retail, 100% FDI allowed in single‐brand Retail.
US Market:
US markets were closed yesterday on account of Thanksgiving.
Asian Market:
Asian stocks fell for a third day after German Chancellor Angela Merkel ruled out common euro‐area bonds and a bigger role for the European Central Bank in fighting the region’s debt crisis, damping the earnings outlook for Asian exporters.
Commodities:
Brent crude dropped in London, heading for a second weekly decline, as speculation Europe’s debt crisis threatens its economy countered concern violence in Saudi Arabia may destabilize the world’s biggest oil exporter.
Currency:
Euro edges up on short‐covering but still not far from a 7‐wk low hit the previous day, having suffered a steep fall after poor demand at a German bond sale fuelled fears the region's debt crisis was starting to threaten even Europe's biggest economy.
Today’s Market
Today market is likely to open on a flattish note but may advance during the day.
Source- NB,Rh morning update
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