Morning Be!!........The Sensex opened flat on the last day of the week after rallying for consecutive three sessions

Indian Markets

The key Indian stock indices have opened on a sedate note and are trading with slim gains in early minutes of trading, as investors assess the wider impact of the Supreme Court's verdict on the 2G scam. While the FII inflows remain robust, there are concerns about the Government's ballooning budget deficit. Sentiment is also edgy ahead of tomorrow's lower court ruling on P. Chidambaram's alleged role in the 2G scam.

The Government’s already scarred image has taken another knock in the form of an adverse Supreme Court verdict which could make matters difficult for the Congress in the crucial UP elections.

Markets could be edgy today as investors await a lower court’s order on the alleged role of P. Chidambaram in the 2G mess. The court is set to deliver its verdict on Saturday.

The SC ruling has also thrown up a few tricky questions that could continue to haunt the telecom sector for a while. Let’s hope that the damage to investor confidence is limited.

On the global front, things have turned quiet ahead of Friday’s US monthly jobs data. While French and Spanish debt auctions went off well a deal on Greece’s debt recast remains elusive.

Just like the RBI governor, his US counterpart, Ben S. Bernanke, has raised a red flag over its government's ballooning budget deficit.

Global Markets
On the global front, Asian markets are cautious as investors await the release of monthly US jobs data on Friday and talks on the proposed debt swap in Greece remain inconclusive. The US markets finished mostly flat overnight while their European counterparts managed moderate gains.

Currencies
Indian Rupee climbed to a 3-month high vis-?-vis the US Dollar after a private report showed the nation?s manufacturing expanded at the fastest pace in eight months. The currency rose for a third day, strengthening past 49 per dollar for the first time since November 4, 2011.

Commodities
The metals ended mixed on the LME with Nickel and Zinc gaining marginally by 0.1% while Aluminium and Copper fell by 0.6% and 0.5% respectively. Oil for March delivery slipped $1.25 cents to end at $96.36 a barrel.Gold futures for April delivery added $9.80 to $1,759.30 an ounce.

Outlook
Today, we expect the Indian Markets to open flat to marginally in the green and trade in a narrow range. With the markets moving up further for the third consecutive session, the underlying trend continues to remain up. Immediate resistance for Nifty is at 5300, while support is at 5200. Among the sectoral indices, IT, Metal & Capital Goods continue to look good, while Healthcare & FMCG could underperform.
Sources-: hdfcsec, india infoline

Morning Be!!....Indian stock indices have advanced in early morning trade, with the NSE Nifty reclaiming the 5100 mark and the BSE Sensex crossing 17,000.

Indian Markets

The frontline Indian stock indices have advanced in early morning trade, with the NSE Nifty reclaiming the 5100 mark and the BSE Sensex crossing 17,000. The undercurrent is upbeat as investors focus on gains for other Asian markets and reports suggest that Most EU leaders have agreed to strengthen a financial firewall against the debt crisis. The rebound today has come after Monday's big selloff where the Nifty and the Sensex lost 2% each.

Major Results Today:

ICICI Bank, PNB, NMDC, Siemens, Titan, Crompton Greaves, TVS Motor, Dabur India, IDBI Bank, Central Bank of India, Jagran Prakashan, Mahindra Holidays, Century Textiles, Shoppers Stop, Union Bank of India, Aban Offshore, City Union Bank, Delta Corp, PTC India, HCL Infosystem, Firstsource Solutions, Subex, KEC International, Blue Dart, IPCA Labs, Financial Technologies, Berger Paints, DCM Shriram Consolidated, Usha Martin, Welspun Projects

US & European Markets

U.S. stocks recovered most of their lost ground on Monday afternoon but struggled to pull out of the red as concerns over Greece continued to weigh on the market. Stocks started the day down about 1% after the weekend came and went without Greek leaders reaching an agreement on a debt-relief deal. But as the trading session wore on, the major indexes trimmed most of those losses.

Dow Jones finished 7 points lower, or 0.1%. Earlier, the blue chip index had declined 131 points. S&P 500 lost 3 points, or 0.3%, and Nasdaq slumped 5 points, or 0.2%.

European stocks extended losses due to uncertainties whether the meeting will bring viable solutions to the debt crisis in the area. Britain's FTSE 100 fell 1.1%, DAX in Germany dropped 1% and France's CAC 40 lost 1.6%.

Asian Markets

Today, amongst the Asian markets Strait times & Shanghai Composite are trading in the red, down by 0.4% and 0.2% respectively. Nikkei is trading up by 0.3%. Hang Seng & Kospi are up by 0.7% and 0.8% respectively. The Taiwan markets too are up by 1%.SGX Nifty is trading higher by 38 points.

Currencies

The Indian Rupee retreated from a near three-month high on Monday, weighed by weak equities, US Dollar demand from a local steelmaker and oil importers. Traders also awaited a debt deal between Greece and its private creditors for further clues on the local currency.

Commodities

Among the metals, Zinc and Copper fell by 3.6% and 2.5% respectively. Aluminium and Nickel ended lower by 1.5% each. Oil for March delivery slipped 78 cents to settle at $98.78 a barrel. Gold futures for April delivery fell $1.00 to settle at $1,734.40 an ounce.

Key events to watch for today

India : CPI (Industrial Workers)

Outlook for Today

Today, we expect the Indian Markets to open in the green and later witness some profit booking at higher levels during the day. Immediate supports to watch are at 5050 & 5000 levels while the immediate resistance levels are 5162 & 5200. Among the sectors, FMCG & Health Care may relativly fall by a lesser magnitude if markets correct from a higher levels during the day.

Sources- hdfcsec, India Infoline

Morning Be!!.......Indian stock indices have posted smart gains in early morning trade

Indian Markets

The frontline Indian stock indices have posted smart gains in early morning trade, as investors welcome better-than-expected fourth-quarter GDP growth in China and a successful debt sale in France. Besides, inflation back home has cooled off considerably amid increasing expectations of a reversal in the RBI's hawkish monetary policy stance sooner or later.

Auto, Consumer Durables, Realty, Bankex, Power, Oil and Gas, IT, PSU, FMCG indices are the gainers.

The momentum seems to be in favour of the bulls so far, with most constituents of the main indices flaring up and most sectoral indices on the BSE and NSE advancing. The market breadth is positive as well.

Banking, Auto, Metals, Realty, Capital Goods and Power indices on the BSE are up 1-2%. The remaining sectoral indices on the BSE have gained 0.5% to 1%.

News of the day

- GoM to discuss FDI in aviation today

- Dewan Housing approves acquisition of stake in 'unlisted NBFC'

- Coal India to invite fresh bids for Mozambique blocks

- NCC mulls Infra arm, bond issue to raise money - DNA

-Times group in race to buy Neo cricket, Neo Sports, also eyes TV9

US and European Markets

The US markets were closed on Monday in observance of the Martin Luther King Jr. Day holiday.

European stocks closed slightly higher Monday, shrugging off Standard & Poor's downgrade of nine eurozone governments. Britain's FTSE 100 gained 0.4%, the DAX in Germany gained 1.3% and France's CAC 40 added 0.9%.

Asian Markets

Barring Shanghai, which is trading marginally lower by 0.1%, all the other Asian indices are trading in the green with Hang Seng & Nikkei trading higher by 1.5% & 0.6% respectively. Strait Times & Kospi are trading higher by 0.6% & 1.3% respectively, while Taiwan is trading in the green by 0.7%. SGX Nifty is trading lower by 2 points.

Currencies

The Indian Rupee reversed all early losses on Monday to end higher stoked by US Dollar inflows and boosted by a rebound in the local share market.

Commodities

Among the metals, Aluminium, Copper & Zinc gained 0.5%, 0.6% & 0.5% respectively, while Nickel ended lower by 1.7%.

Outlook

Today, the Indian market could open on a flat note and inch up later during the day. With the markets ending higher yesterday, the underlying trend remains up. Immediate upside targets are at 4910. Crucial supports to watch on the downside are at 4840-4800. Among the sectoral indices, Banking & IT are looking good, while Oil & Gas is looking weak & could underperform.

Sources-hdfcsec, india infoline

Morning Be!!......Indian Indices trading in green

Indian Markets

The BSE Sensex was 16,122, up 85 points over the previous close. It had earlier touched a day’s high of 16,168 and Today’s low of 16,107. It opened at 16,144.

NSE Nifty was quoting 4,854, up 22 points over the previous close. It has earlier touched a day’s high of 4,868 and a day’s low of 4,851. It opened at 4,861.

Infosys, Wipro, TCS, Sun Pharma, M&M, L&T, BHEL, NTPC, SBI, Coal India, Tata Motors, Tata Power, Sterlite Inds, Hindalco Inds, Tata Steel, , were among the notable leaders in the Sensex and the Nifty.

Hero MotoCorp, GAIL India, HDFC, DRREDDY, ITC were among the notable losers in the Sensex and the Nifty.The BSE Small-Cap and BSE Mid-Cap index was trading flat at 1%.

FMCG, Bankex, PSU, Realty, Metal, Oil and Gas, Auto, Power, IT and Oil and Gas indices are the gainers.

US and European Markets

Stocks sputtered on Thursday, but managed to close the day slightly higher. Dow Jones closed up 22 points, or 0.2%. S&P 500 gained 3 points, or 0.2%. Nasdaq moved up 14 points, or 0.5%.

Asian Markets

Today the Asian indices are trading in the green except Shanghai, which is down by 0.4%. Nikkei is trading higher by 1.1% while Kospi and Strait Times are up 0.6% each. Hang Seng and Taiwan are up 0.3% each. SGX Nifty is trading marginally lower by 4 points.

Currencies

The Indian rupee closed higher on Thursday vis-a-vis the US Dollar as foreign funds continued to invest in local debt, though weak domestic shares and dollar demand from oil importers put a lid on gains. The Reserve Bank of India probably sold dollars around the 51.74 rupee level in late trading, which further supported the currency, traders said.

Commodities

Among the metals, Copper gained 3.4% while Zinc rose by 1.6%. Aluminium and Nickel ended higher by 1.3% and 1% respectively. Oil for February delivery lost $1.73 to $99.14 a barrel. Gold futures for February delivery gained $8.10 to $1,647.70 an ounce.

Outlook

Today, the Indian market is likely to open on a flat to negative note and remain rangebound. Support on Nifty is at 4,800 while resistance is at 4,910. Among the sectoral indices, IT and Oil & Gas stocks could underperform while Metals and FMCG could do well.

Sources- hdfc security, India infoline

Morning Be!!.......Indian indices slipped in the early morning trade, hurt by the disappointing Q3 results in USD terms from IT major Infosys.

Indian Markets

The frontline Indian stock indices have slipped in the early morning trade, hurt by the disappointing Q3 results in USD terms from IT major Infosys. The Bangalore-based software giant has also announced a muted guidance for the fourth quarter.

The Infosys stock is down sharply along with other IT peers like TCS, Wipro and HCL Tech. The IT index on both BSE and NSE is down more than 4%. If you keep aside the IT basket, the rest of the market is not doing that badly. There are no major losers in the two main equity benchmarks except the software companies.

Markets took a breather after Tuesday’s stellar rally as investors appeared reluctant to commit ahead of the IIP data and Infosys results. IIP for November is expected to rebound from a disastrous October reading. One has to see if there is any upward revision of the October print of -5.1%.

Weekly food inflation is also due today. It is likely to stay in the negative zone, mostly owing to the statistical phenomenon called ‘base effect’. more important will be the inflation report for December, which is due on Monday.

US and European Markets

U.S. stocks recovered from earlier losses to end little changed on Wednesday as concerns about Europe's weak economy and debt crisis weighed on the market. The Dow Jones industrial average lost 13 points, or 0.1%, to end at 12,449. The S&P 500 edged up less than 1 point to 1,292. The Nasdaq gained 8 points, or 0.3%, to 2,711.

European equity markets dropped on Wednesday, as energy stocks fell along with crude prices and as concerns about the euro-zone sovereign debt crisis weighed on sentiment. While DAX ended lower by 0.2%, FTSE & CAC ended lower by 0.5% & 0.2% respectively.

Asian Markets

Today the Asian indices are trading on a mix note. While Shanghai & Nikkei are trading lower by 0.6% & 0.7% respectively. Hang Seng, Kospi & Strait Times are trading in the green by 0.2% each. Taiwan is trading marginally higher by 0.1%. SGX Nifty is trading down by 6 points.

Currencies

The Indian Rupee snapped a three-day rising streak to end down on Wednesday, after see-sawing through the day, tracking choppy shares, with Dollar demand from oil importers and a weak euro weighing. A fragile European economy could further hurt sentiment and keep investors at bay, dragging the rupee lower against the dollar in coming days.

Commodities

Among the metals, Aluminium & Copper gained 0.3% & 0.7% respectively, while Zinc & Nickel ended lower by 0.2% and 0.1% respectively. Oil for February delivery slipped 51 cents to end at $101.71 a barrel. Gold futures for February delivery rose $9 to $1,640.50 an ounce.

Key events to watch for today

India - IIP

India -WPI

Outlook

Today, the Indian market are likely to open marginally lower and takes cues from the Infosys Q3FY12 results, the IIP numbers for the month of November and weekly inflation data due today. Among the sectoral indices, Realty, Metals & Banks look good, while FMCG could underperform. Better than expected results from Infosys could drive the IT index higher today.

Sources- HDFC SEC, India Infoline

Morning Be!!.....Indian stock indices appear to be in 'no-man's-land' in early morning trade

Indian Markets

The frontline Indian stock indices appear to be in 'no-man's-land' in early morning trade after a strong rally in the preceding session, as investors prefer to stay on the sidelines ahead of an important trading day on Thursday. Markets will digest the latest data on industrial production besides results from finance major HDFC and IT titan Infosys.

Despite the sluggish trend in Large-Cap shares, the market breadth is positive due to persistent gains in the broader indices. The BSE Small-Cap and the BSE Mid-Cap indices have gained for a third successive session this week. The two broader market benchmarks are up ~0.5% each at the moment.For India, the most eagerly awaited events this month is the January 24 RBI policy meeting. Meanwhile, the prospects for the Indian economy continue to look rather glum in the face of mixed bag macro-economic numbers.

US and European Markets

U.S. stocks advanced Tuesday, on the back of gains in global markets, as investors grew optimistic following upbeat comments about Europe and a decent start to quarterly corporate results. Dow Jones rose 70 points, or 0.6%, and S&P 500 added 11 points, or 0.9%. Both indexes finished at their highest levels since July. Nasdaq composite increased 26 points, or 1%.

Tuesday's broad move higher came as investors found comfort in Fitch Rating's comments about Europe being on the right path toward solving its debt problems.

The Census Bureau reported that wholesale inventories for the month of November rose 0.1%.

Asian Markets

Today the Asian indices are trading in the green except Kospi and Shanghai, which are down by 0.3% and 0.2% respectively. Nikkei and Hang Seng are trading higher by 0.2% each while Strait Times and Taiwan are up by 0.1% each. SGX Nifty is trading higher by 4.5 points.

Currencies

The Indian rupee rose to a one-month high against the US Dollar on Tuesday, boosted by a spate of fund inflows from overseas investors into high-yielding local debt. The gains were accentuated by thin volumes, highlighting the sharp swings that have resulted from a recent central bank rule limiting speculative trades in the currency market. Also comments from a federal government official that Moody's had upgraded India's short-term country ceiling on foreign currency bank deposits boosted sentiments.

Commodities

Among the metals, Aluminium gained the most (3.7%) followed by Zinc, which rose by 3%. Nickel and Copper ended higher by 2.8% and 1.9% respectively.Oil for February delivery added 93 cents to settle at $102.24 a barrel. Gold futures for February delivery gained $23.40 to settle at $1,631.50 an ounce.

Outlook

Today, the Indian market is likely to open on a flat to positive note. 4,800 on the nifty holds as a strong support and until this level gets breached the uptrend could continue. Among the sectoral indices, Metals and IT stocks could do well.

Source- HDFC SECURITY, India Infoline

Surprised by this pullback?

While all doomsayers on Indian equities have indeed pretty much written off our stock market in 2012 citing amongst all; expensive relative valuation, earnings downgrade, sluggish macro and continued & persistent inflation etc., the markets YTD (since Jan 2, 2012) now returns around 4.9% and not bad for a beginning, I might add.

The earnings season kicks off tomorrow with the Infosys Technologies reporting and looks like it would be a cracker of an earnings season. What everybody is really paranoid about is the future earnings and outlook for the markets; but sometimes it is human psyche that in the penchant for looking ahead and at opportunities we miss out on what we have today, also forget to collect the hanging fruit which could have been easily savored.

Anyways, on the session that happened today; I must admit that am sure that the naysayers would be wanted it desperately for the markets to drift down, but with every passing hour the market powered it’s way up and the bulls would be happy and the doomsayers wanting to forget the session. The real wonder would happen if over the course of the earnings season (over the next couple of weeks) we drift upwards and close January 2012 by double digit returns. In that event, the question that could come up is – does it really set the tone for the year ahead?

Just to recall, 2011 was just the kind of start we did not want; with the market tanking around 11% in a single month and post that we all know what had happened, so for all those who say that equities are stupid asset class, are just for punting and you always lose money, it could be a golden opportunity to make a killing.

Early days still; since December 2012 is far away. For now it appears that we could close January 2012 with decent gains.

Morning Bell !!...Key indices trading in green with positive Asian market cues

Indian Markets

The key Indian stock indices have climbed in early morning trade with the BSE Sensex up well over 100 points and the NSE Nifty reclaiming the 4,750 mark. Market breadth is fairly positive as the broader indices have extended gains from the previous session. Most sectoral indices on the BSE are trading in the positive terrain.

US and European Markets

Stocks edged higher on Monday as investors continued to keep a close eye on events in Europe and geared up for the start of fourth-quarter corporate earnings announcements. Dow Jones rose 33 points, or 0.3%, to end at 12,393. S&P 500 added 3 points, or 0.2%, to 1,281. Nasdaq composite rose 2 points, or 0.2%, to 2,676.

European stock markets finished lower Monday, as German Chancellor Angela Merkel and French President Nicolas Sarkozy failed to inspire market participants with their latest meeting, while downbeat German data added to the weaker tone. Britain's FTSE 100 and DAX in Germany both lost 0.7% and France's CAC 40 eased 0.3%.

Asian Markets

Today the Asian indices are trading in the in the green with Kospi trading higher by 1.8% while Taiwan is up 1.1%. Shanghai is up by 0.8% while Strait Times is up 0.6%. Nikkei is up 0.5%. SGX Nifty is trading higher by 23 points.

Currencies

the Indian Rupee rose for the second day to close at nearly three-week high of 52.51/52 against the Dollar, up by 20 paise on sustained selling of the US currency by exporters.

Commodities

Among the metals, Copper fell by 0.4% while Aluminium gained the most (2%). Zinc and Nickel rose by 1.4% and 1.2% respectively. Oil for February delivery fell 25 cents to settle at $101.31 a barrel. Gold futures for February delivery declined $8.70 to $1,608.10 an ounce.

Outlook

Today, the Indian market is likely to open in the green on the back of global cues and positive European news. Among the sectoral indices, Auto, Banking and IT stocks could do well.

Sources- hdfc security, india infoline

Morning Be!!....Sensex down 99 points to 15,750.08 and the Nifty slipped 29 points to 4,718.30

Indian Markets

The Indian main indices have lost ground early on with the NSE Nifty dipping below the 4750 mark while the BSE Sensex lost 100 points. But, the broader market is faring relatively better and therefore the market breadth is even.

Gail India is trading slightly up after it was inducted into the Sensex. Gail replaces Jaiprakash Associates, which is in the red after market regulator SEBI penalized its promoters for alleged insider trading. Reliance Power is up on reports that Northern Coalfields (NCL) has agreed to surrender land required to mine two blocks attached to the Sasan ultra mega power plant.

This week is crucial as the Government will announce the latest IIP and inflation data. Also, the Q3 earnings season will kick off in the right earnest. Infosys and HDFC will release their numbers on Thursday.

Meanwhile, the Election Commission is likely to reschedule the first phase of the Uttar Pradesh assembly polls. It was to begin on February 4. The new date of the first phase will be announced shortly.

US and European Markets

US equity benchmarks pared weekly gains on Friday despite an encouraging report on the country's labour market. Investors chose to focus on the worsening credit crisis in the eurozone. The euro dropped below $1.27 for the first time since September 2010, sliding 1.7% for the week. The dollar index rose above 81, hitting one-year high. Most European stock indices fell on Friday as Italy’s 10-year government bond yield surged above 7%. The ECB reportedly intervened in the secondary markets to buy Spanish and Italian bonds. A yield of more than 7% is generally viewed as unsustainable for the debt-strapped governments in the euro area.

Asian Markets

Today the Asian indices are trading in the red except Shanghai, which is up by 1.3%. Kospi is trading lower by 1.5% while Strait Times is down 1%. Hang Seng and Taiwan are down by 0.8% and 0.7% respectively. SGX Nifty is trading lower by 33 points.

Currencies

The Indian Rupee closed stronger vis-a-vis the Dollar on Friday, ending the week with a 0.7% gain as foreign investors bought local debt.

Commodities

Among the metals, Zinc lost 0.3% while Copper gained 0.7%. Aluminium and Nickel rose by 0.5% each. Oil for February delivery lost 53 cents to $101.28 a barrel. Gold futures for February delivery fell $3.30 to $1,616.80 an ounce.

Outlook

Today, the Indian market is likely to open on a flat to negative note. It could trade in a range with a negative bias. Among the sectoral indices, Banking and Oil & Gas stocks could underperform while FMCG stocks could do well.

Sources- HDFC Security/ India Infoline/ Rh Morning market update

Morning Be!!.....The frontline Indian stock indices advanced at the opening bell

Indian Markets

The frontline Indian stock indices advanced at the opening bell and are trading just a tad higher in early morning trade with the BSE Sensex within striking distance of the 16,000 mark and the NSE Nifty above 4750.

The market breadth is positive as broader indices too have posted slim gains in early morning trade. India VIX is flat and most sectoral indices are trading in the positive territory.

The early bounce across world stocks has tapered off a wee bit as old worries have returned to haunt global investors. Auto shares may remain in the spotlight as the 11th Indian Auto Expo kicks off today

US and European Markets

U.S. stocks clawed back from earlier losses to close mixed on Wednesday amid renewed concerns about the debt crisis in Europe.Dow Jones rose 22 points, or 0.2%, according to early tallies. S&P 500 edged up less than 1 point, while Nasdaq lost less than 1 point.

Asian Markets

Today the Asian indices are trading in the green except Nikkei and Shanghai, which are down by 0.6% and 0.3% respectively. Taiwan is trading higher by 0.3% while Strait Times, Kospi amd Hang Seng are up by 0.2% each. SGX Nifty is trading lower by 3 points.

Currencies

The Indian rupee ended higher for the second straight session on Wednesday after trading in a narrow range, on dollar sales by some foreign banks, although a retreat in the euro and a fall in domestic equities capped gains.

Commodities

Among the metals, Copper fell by 0.2% while Aluminujm and Nickel gained 1.7% and 1.4% respectively. Zinc rose by 0.7%.Oil for February delivery fell 38 cents to $102.58 a barrel. Gold futures for February delivery rose $12.70 to $1,613.20 an ounce.

Key events to watch for today

India - WPI Data y-o-y change

Outlook

Today, the Indian market is likely to open on a flat to positive note and later trade in a range. Support on Nifty is at 4,720 while resistance is at 4,800-4,840 levels. Among the sectoral indices, Capital Goods could do well.
Sources- HDFC SECURITY, RH Morning Report

Morning Be!!.....Indian stock indices struggling for direction in early morning trade

Indian Markets

The frontline Indian stock indices appear to be struggling for direction in early morning trade after opening slightly positive. The BSE Sensex and the NSE Nifty are trading just in the red, or almost unchanged after advancing smartly in the previous two sessions. At the same time, the broader indices seem to be holding on to modest gains, resulting in a positive market breadth.

The Small-Cap and Mid-cap index was trading flat.

Consumer Durables, Oil and Gas, Power, PSU and IT indices are the gainers.

FMCG, Bankex, HC, Metal, Auto, Realty indices are the losers.

US and European Markets

U.S. stocks rallied on Tuesday, kicking off the new year on a high note, as investors welcomed upbeat reports on economic activity around the world. Dow Jones jumped 180 points, or 1.5%, to end at 12,397. S&P 500 gained 19 points, or 1.5%, to 1,277. Nasdaq added 43 points, or 1.7%, to 2,649. The gains came after reports on manufacturing growth in China and India came in better than expected over the weekend. On Tuesday, a report showed U.S. manufacturing activity grew at a faster rate in December.

European stocks also rose. Britain's FTSE 100 added 2%, DAX in Germany added 1.5% and France's CAC 40 gained 0.4%.

Asian Markets

Today the Asian indices are trading in the green except Shanghai and Kospi, which are down by 0.3% and 0.1% respectively. Nikkei is trading higher by 1.2% while Strait Times is up 0.3%. Hang Seng and Taiwan are up by 0.2% each. Asian stocks are up, as investor risk appetite returned after upbeat U.S. and European economic data boosted global shares and commodities and hopes for improved growth outlook grew despite worries over the euro zone debt crisis. SGX Nifty is trading higher by 2 points.

Currencies

Snapping its three session losing string, the rupee today gained 9 paise to close at 53.21/22 against the dollar amid a strong rally in local equities and fresh dollar selling by exporters.

Commodities

Among the metals, Aluminium gained the most (2.1%) while Copper rose by 1.5%. Nickel and Zinc ended higher by 0.9% and 0.3% respectively. Oil for February delivery added $4.20, or 4.2%, to $103.03 a barrel. Gold futures for February delivery rose $33.70 to end at $1,600.50 an ounce.

Outlook

Today, the Indian market is likely to open in the green on the back of positive global cues and inch up further during the day. Among the sectoral indices, Banking and Oil & Gas stocks could do well.

Source- HDFCSEC, Rh morning market update

Morning Bell !!..........Sensex jumps 247 point on stronger global cues

Indian Markets

The good tidings of the new year continue in to the second trading session with the main stock indices extending gains from the previous session on the back of encouraging data on the manufacturing sector from across the globe. Market breadth is healthy and India VIX fell as much as 4%.

Infosys, Wipro, Bajaj Auto, DRREDDY, Maruti, L&T, ICICI Bank, HDFC, Ranbaxy, Tata Steel, DLF, BHEL, Tata Power, Tata Motors, SBI, HUL were among the notable leaders in the Sensex and the Nifty.

M&M, BPCL, Sesa Goa were among the notable losers in the Sensex and the Nifty.

The BSE Small-Cap and BSE Mid-Cap index was trading flat.

Metal, Bankex, Realty, Power, PSU, HC, Auto, FMCG, Oil and Gas, IT indices are the gainers.

Asian Markets

Today the Asian indices are trading in the green with Kospi and Shanghai trading higher by 2.1% and 1.9% respectively. Taiwan is up by 1.3%. SGX Nifty is trading higher by 43 points.

Currencies

The Indian Rupee on Monday lost 20 paise to the Dollar to close at a fresh two-week low of 53.30/31, ending the first day of trading in the new year on a subdued note. Increased demand for the dollar from importers and concerns over the government’s widening fiscal deficit weighed on the sentiment.

Outlook

Today, the Indian market is likely to open in the green on the back of positive global cues and inch up further during the day. Among the sectoral indices, Capital Goods, IT and Oil & Gas stocks could do well while Auto stocks could underperform.

Source- Rh Morning market update, HDFCSEC

Morning Bell !!!....The Indian markets opened the first trading session of 2012

Indian Markets

The Indian markets opened the first trading session of 2012 on a rather subdued note before climbing marginally in early morning trade. The Advance-Decline ratio on the BSE is favorable for the bulls so far as the broader indices are keeping pace with their Large-Cap peers. Overall, the undertone remains cautious amid persistent challenges confronting the domestic as well as global economy.

The BSE Mid-Cap and Small-Cap index was trading flat. Auto, Consumer Goods, Metal, PSU, Bankex,HC, Power indices are the gainers. Realty, IT and FMCG indices are the losers.

RIL, ICICI Bank, L&T, M&M, Coal India, Bharti Airtel, BHEL, RCOM, Maruti,ONGC,Sterlite were among the notable leaders in the Sensex and the Nifty.

Infosys, DLF, Tata Steel, Tata Power, HUL, NTPC, Sun Pharma,HDFC Bank, HDFC, were among the notable losers in the Sensex and the Nifty.

US and European Markets

Stocks finished little changed on Friday. Dow Jones fell 69 points, or 0.6%. The S&P 500 dropped 5 points, or 0.4%, and Nasdaq fell 9 points, or 0.3%. At its peak in April, S&P had climbed more than 8%. Dow, meanwhile, rose 5.5% for the year, and Nasdaq lost 1.8%.

European stock markets ended in the green on the last day of the year. Britain's FTSE 100 finished up 0.1%, Germany's DAX edged up 0.9% and France's CAC 40 rose 0.4%. But for the year dominated by Europe's debt crisis, all three indexes ended in the red.

Asian Markets

Today the Asian indices are trading in the red except Shanghai, which is up 1.2%. Taiwan and Kospi are down by 0.9% and 0.3% respectively. SGX Nifty is trading higher by 14 points.

Currencies

The Indian rupee appreciated by 0.2% on Friday vs the Dollar.

Commodities

Among the metals, Copper and Nickel gained 2.5% and 1.7% respectively. Zinc ended higher by 1.4% while Aluminium rose by 0.4%. Oil for February delivery fell 82 cents to settle at $98.83 a barrel. Crude prices rose more than 8% in 2011, marking the third consecutive years of increases. Gold futures for February delivery added $25.90, or 1.7%, to settle at $1,566.80 an ounce.

Key events to watch for today

India - HSBC India manufacturing PMI

Outlook

Today, the Indian market is likely to open in the green and take cues from European markets. Among the sectoral indices, Metal stocks could outperform.

Source- RH Morning market update, HDFC SEC

Morning Bell !!!.....The Sensex rebounded after a fall in previous three sessions

Indian Markets

Positive global cues have helped the main Indian stock indices open with a positive bias on the last trading session of what has been a tumultuous year for the domestic markets.

However, there is no certainty on whether the early morning gains could be sustained throughout the day as most of the headwinds that weighed on the markets have not been dealt with completely. Investors will continue to be cautious in the early part of 2012.

The outcome of state elections in Uttar Pradesh could have a significant bearing on policy formulations by UPA II, including the Union Budget. It might also change some political and strategic equations at the Centre. So, all eyes will be fixed on the UP elections in the days and weeks to come.

Talking of politics, USA, the world's largest economy, will also hold Presidential elections later in 2012. A leadership change is also in the offing in China. Elections are scheduled in Russia, Iran, Egypt, France, Greece and South Korea among others.

The Lokpal Bill could not clear the Rajya Sabha due to resistance from several parties, including Trinamool Congress. The passage of the Bill will be in a limbo till the next session. The Lok Sabha was adjourned sine die while the Rajya Sabha ended abruptly at the stroke of midnight without the House taking a vote on the Lokpal Bill.

State-run oil companies are mulling a hike in petrol prices. The proposed move may still be nixed by the Government in view of the upcoming state polls.

US and European Markets

U.S. stocks rose on Thursday in a thinly-traded session as investors focused on signs of strength in the economy before calling it a year. Dow Jones rose 136 points, or 1.1%, to end at 12,287. S&P 500 added 13 points, or 1.1%, to 1,263. Nasdaq gained 24 points, or 0.9%, to 2,614.

European stock markets closed higher Thursday in thin trading conditions, helped by gains for Wall Street and after an Italian debt auction was taken in stride. Britain's FTSE 100 added 0.8%, DAX in Germany rose 0.9% and France's CAC 40 rose 1.1%.

Asian Markets

Today all the Asian indices are trading in the green except Strit Times, which is down by 0.3%. Shanghai and Hang Seng are trading higher by 1% and 0.4% respectively. Nikkei and Taiwan are up 0.3% and 0.1% respectively. SGX Nifty is trading higher by 36.5 points.

Currencies

The Indian rupee ended steady on Thursday vs the Dollar, recovering from the day's lows on suspected central bank intervention and dollar-selling by nationalised banks for a second day in a row.

Commodities

Among the metals, Nickel and Copper lost 2.5% and 1.9% respectively. Zinc and Aluminium fell by 0.5% and 0.4% respectively. Oil for February delivery rose 31 cents to $99.05 a barrel. Gold futures for February delivery fell $23.20 to $1,540.90 an ounce. Gold prices have softened due to a stronger dollar.

Key events to watch for today

India - CPI Industrial Workers data

US - Fed Balance Sheet

China - PMI Manufacturing Index

Italy - PPI data

Outlook

Today, the Indian market is likely to open in the green following strong global cues and could trade in a range through the day. Support on Nifty is at 4,600-4,540 while resistance is at 4,720-4,800. Among the sectoral indices, Auto stocks could outperform while Metal stocks look weak.

Sources- RH Morning data, HDFC SEC

Morning Bell !!!....The Sensex opened with 0.5% gap down on expiry day, tracking concerns in the euro zone

Indian Markets

Indian Equity Indices trembled in the early morning trade.

ONGC, DRREDDY, RPower, HDFC Bank, Coal India, ITC were among the notable leaders in the Sensex and the Nifty.

Infosys, Wipro, ICICI Bank, DLF, Ranbaxy, L&T, Maruti Suzuki, TCS, SBI, Sun Pharma,RCOM, Tata Steel, Tata Power, Bajaj Auto, were among the notable losers in the Sensex and the Nifty.

US and European Markets

Stocks closed down more than 1% Wednesday, as investors continued to fret over how Europe could solve its debt troubles in 2012. Selling intensified ahead of the close. Dow Jones closed down 140 points, or 1.1%. S&P 500 slid 16 points, or 1.3%. Nasdaq lost 35 points, or 1.3%.

European markets were down today, influenced by a negative day on Wall Street. Indexes fell mainly due to banking sector shares affected by the previous day's record overnight deposits with the ECB, indicating mistrust between banks, now reluctant to use the inter-bank market.Britain's FTSE 100 eased 0.1%, the DAX in Germany slumped 2% and France's CAC 40 lost 1%.

Asian Markets

Today all the Asian indices are trading in the red except Shanghai, which is up marginally. Hang Seng and Nikkei are trading lower by 1% and 0.8% respectively. Strait Times and Kospi are down by 0.3% each while Taiwan is down 0.5%.SGX Nifty is trading lower by 22.5 points.

Currencies

The Indian Rupee ended off lows on Wednesday against the US Dollar, recovering most losses after suspected RBI intervention, but global risk aversion meant the Indian currency would remain under pressure in the near term, dealers said.

Commodities

Among the metals, Zinc and Nickel lost 1.9% and 1.8% respectively. Aluminium and Copper ended lower by 1.1% each. Oil prices for February delivery jumped 1.5% after a top Iranian official warned that the nation could block the Strait of Hormuz, a key transit point for oil exports from the Middle East. Gold futures for February delivery fell $31.40 to $1,564.10 an ounce.

Key events to watch for today

India - WPI (Y-o-Y change)

US - Jobless Claims, Pending Home Sales Index, EIA Petroleum Status Report

Germany - CPI

Outlook

Today, the Indian market is likely to open in the red following weak global cues and could witness volatility on account of derivatives expiry. Among the sectoral indices, Auto, Capital Goods and Banking stocks could underperform.

Sources- HDFC SEC,RH morning market

Morning Bell !!!......The key Indian equity indices have dipped in early morning trade

Indian Market

The key Indian equity indices have dipped in early morning trade with the BSE Sensex and the NSE Nifty struggling for direction amid no decisive clues from the overseas markets.

As far as domestic economy is concerned, things are looking bleak and will take time to turn around. FII flows will remain muted till there are signs of concrete action on the policy front.

Infosys, Tata Motors, HDFC, Tata Power,Hero MotoCorp,RCOM, TCS, HUL, NTPC, were among the notable leaders in the Sensex and the Nifty.

DLF, ICICI Bank, Ranbaxy, Axis Bank, HCL Tech, Tata Steel, BHEL, SBI, ONGC, L&T, were among the notable losers in the Sensex and the Nifty.

Power, Auto and IT index are the gainers.

FMCG, PSU, Metal, Realty, Consumer Goods,Bankex, Consumer Durables indices are the losers.

Market breadth is even with equal number of shares rising and falling on the BSE. Most sectoral indices are trading in the red, led by Banking and Capital Goods indices. Realty, Consumer Durables, PSU, Metals and Pharma indices are down anywhere between 0.5% and 1%. The remaining sectoral indices are more or less subdued.

Most Asian markets are down today with many of them returning to action after extended Christmas holidays. Indices in China and Hong Kong are down ~0.5% each. The S&P/ASX 200 index in Australia has lost 1%. The Nikkei in Japan was more or less unchanged

US Market

U.S. stocks were little changed; following the longest rally since September, as better‐than‐estimated consumer confidence data overshadowed a decline in home prices and concern about Europe’s debt crisis.

Asian Market

Asian stocks fell for a second day amid slow trading, with the regional benchmark index headed for the worst year since 2008, after a report showed U.S. housing prices fell, damping the earnings outlook for Asia’s exporters.

Commodities:

Oil traded near the highest level in six weeks after Iran threatened to block crude transportation through the Strait of Hormuz, increasing concern that global supplies will be curbed amid shrinking U.S. stockpiles.

Sources- RH morning market

Morning Bell !!!.....All the Indian Indices trading flat, Market in X'mas mood!!

Indian Markets

The frontline Indian equity benchmarks are sedate at best in early morning trade, as investors choose to stay on the sidelines with only few trading sessions left in the year. Even the broader indices are subdued, leading to a dull start to the day.

IT, Oil and Gas, HC, Consumer Goods indices are the gainers. Realty, Power, Auto, FMCG, PSU indices are the losers.

Infosys, Wipro, DLF, Tata Power, Sun Pharma, L&T, Tata Power, Reliance Infra, RCOM, Rpower, Jindal Steel were among the notable leaders in the Sensex and the Nifty.

ICICI Bank, HDFC Bank, SBI,BHEL Bajaj Auto, Coal India, Cipla, Bharti Airtel, ITC, NTPC were among the notable losers in the Sensex and the Nifty.

The political heat is all set to escalate as the showdown between Team Anna and the Government is likely to continue. Anna Hazare begins his three-day agitation in Mumbai from the MMRDA ground in BKC, Bandra. The Parliament will also resume the winter session to debate the New Lokpal Bill.

Asian Markets

Today all the Asian indices are trading in the red with Shanghai and Kospi trading lower by 0.9% and 0.6% respectively. Nikkei and Taiwan are down 0.5% each while Strait Times is down 0.2%. As per IST 8.15 am SGX Nifty is trading lower by 15 points.

Currencies

The Indian rupee ended stronger in thin trade on Monday as some bets on a further decline in the currency were covered amid improved risk sentiments on positive U.S. jobs and manufacturing data.

Key events to watch for today

US Consumer Confidence Level1 Report

US S&P Case-Shiller HPI

Outlook

Today, the Indian market is likely to open in the red following weak Asian cues and later take cues from the European markets.

Sources- Rh Morning market, HDFCSEC.

Morning Bell !!!!....The main Indian equity benchmarks have opened with a positive bias

Indian Markets

The main Indian equity benchmarks have opened with a positive bias, extending the advance from last week, amid signs of strength in the US economy and stable Asian markets. Trading volumes across world markets have tapered off lately as market players opt for extended year-end Christmas break.

Trading volumes across world markets have tapered off lately as market players opt for extended year-end Christmas break.

Shares of telecom service providers like Bharti Airtel, Idea Cellular and RCOM have risen after the TDSAT restraint the DoT from canceling the inter-circle 3G roaming agreements between the mobile operators.

Shares of GVK Power & Infra have jumped after a business daily reported that Singapore's Changhi Airport was likely to buy a 26% stake in GVK’s airports business.

US and European Markets

U.S. Investors brought holiday cheer to the stock markets pushing the S&P 500 back into positive territory for 2011 and the Dow up 6% for the year. On a light trading day ahead of the holiday weekend, investors scooped up stocks after economic reports released Friday morning continue to provide glimmers of hope for the U.S. economy with better-than-expected readings on personal spending, income and housing released Friday morning.

Dow Jones added 124 points, or 1% Friday. The index is up 3.6% for the week and 6.1% for year. S&P 500 rose 11 points, or 0.9% Friday, adding 3.7 for the week and 0.6% for the year. Nasdaq moved 19 points higher, or 0.7%, and despite moving up 2.7% this week, it's still down 1.3% this year.

Asian Markets

Today, all the Asian indices are trading in the red except Nikkei, which is trading higher by 1.1%. Shanghai and Kospi are down by 0.3% and 0.5% respectively. Taiwan is down 0.1%.As of IST 8.45 am today, SGX Nifty is trading higher by 6 points.

Currencies

The rupee remained on a weaker footing against the US dollar, as local demand for dollars remained strong.

Key events to watch for today

India - IIP Core (Y-o-Y Chg)

Outlook for Today

Today, we expect the Indian Markets to open in the green on the back of positive global cues and trade sideways.

Source- RH morning market update, HDFC SECURITY

Morning Bell!!!....Immediate support for Nifty is at 4650, while the resistance is at 4800.

Indian Markets

The main Indian equity benchmarks have opened with a positive bias, extending the gains to a third successive session, as investors welcome a series of upbeat data on the US economy and stability in European markets. Asian markets too are trading mostly up today, tracking overnight gains on Wall Street and Europe.

RIL, Wipro, DLF, L&T, BHEL, Tata Power, Maruti Suzki, Tata Motors, NTPC, Coal India, IDFC, HDFC Bank, Tata Steel, were among the notable leaders in the Sensex and the Nifty.

Infosys, Ranbaxy, TCS, ICICI Bank, Sun Pharma, Hero MotoCorp, were among the notable losers in the Sensex and the Nifty.

US and European Markets

U.S. stocks finished a quiet session higher on Thursday, after a stronger-than-expected reading on unemployment boosted investor optimism. The Dow Jones industrial average climbed 62 points, or 0.5%, the S&P 500 rose 10 points, or 0.8%, and the Nasdaq ticked up 21 points, or 0.8%.

Asian Markets

Today, all the Asian indices are trading in the green with Shanghai & Hang Seng trading higher by 0.3% & 1% respectively. Kospi & Strait times are up by 1% & 0.3% respectively, while Taiwan is trading higher by 1.8%.As of IST 8.50 am today, SGX Nifty is trading higher by 19 points.

Currencies

The rupee depreciated against the USD by 0.2% on Thursday on renewed dollar demand from importers and some banks despite firm local equity markets.

Commodities

Among the metals, Aluminium, Copper & Nickel ended higher by 0.3%, 1.3% & 1.8% respectively, while Zinc fell by 0.5%.Oil for February delivery rose 86 cents to $99.53 a barrel. Gold futures for February delivery dropped $3 to settle at $1,610.60 an ounce.

Key events to watch for today

India - Forex Reserves & WMA (ways and means advance) to central & state governments.

Italy - ISAE Consumer Confidence (Level)

France - PPI (M-o-M & Y-o-Y)

US - Personal Income & Outlays, Durable goods orders, new home sales, money supply & Fed Balance Sheet.

Outlook for Today

Today, we expect the Indian Markets to open in the green on the back of positive global cues & trade in a range with positive bias throughout the session. Immediate support for Nifty is at 4650, while the resistance is at 4800.

Sources- RH morning update, hdfcsec,

Morning Bell !!!.....The undertone is negative due to deteriorating fundamentals of the Indian economy

Indian Markets

The frontline Indian equity indices have lost ground in the opening trade, reversing some of the big gains registered in the preceding session.

The undertone is negative due to weak global markets and persistent concerns about deteriorating fundamentals of the Indian economy. The rupee, which advanced yesterday, is also down today versus the US dollar. The euro has softened after the ECB's maiden three-year lending program failed to alleviate concerns about the region's debt crisis.

ONGC, NTPC, HUL, Tata Power, Siemens, ITC were among the notable leaders in the Sensex and the Nifty. where as Infosys, ICICI Bank, Wipro, L&T, Rpower, DLF, BHEL, TCS, Tata Steel, SBI, were among the notable losers in the Sensex and the Nifty.

US and European Markets

The Dow and S&P 500 ended the day barely in positive territory on Wednesday, after falling nearly 1% on fears over the health of European banks and worse-than-expected readings on the housing market continued to trouble the markets. The Nasdaq trimmed some of the day's losses, but closed down 1% after most software stocks dropped dramatically following Oracle's surprisingly weak quarterly earnings released Tuesday night. The Dow Jones industrial average closed up 4 points, or 0.03%; while the S&P 500 added 2 points, or 0.2%. Competitors including Fortinet. TIBCO Software, and Teradata dropped between 5.5% and 7%.

Asian Markets

Today, all the Asian indices are trading in the red with Shanghai & Hang Seng trading lower by 1.4% & 0.7% respectively. Nikkei & Strait times are down by 0.6% & 0.3% respectively, while Kospi & Taiwan are trading lower by 0.4% & 0.1% respectively. As of IST 8.45 am, SGX Nifty is trading lower today by 42.5 points.

Currencies

The rupee appreciated against the USD by 0.7% on Wednesday to close at a more than one-week high following a sharp rebound in the local equities. Fresh dollar selling by exporters and some banks amid some weakness in dollar overseas also aided the rupee rise.

Key events to watch for today

India - WPI Index (Primary, Food, Non-Food Articles and Fuel & Power)

Italy - Retail Sales

UK - GDP

US - Jobless Claims, Chicago Fed National Activity Index (Level), GDP, Consumer Sentiment Index, FHFA House Price Index

Outlook for Today

Today, we expect the Indian Markets to open lower following weak global cues.Latest food inflation data is due today but may not have any material impact on the overall sentiment, which is pretty fragile. However, later during the day, it could find support at lower levels and make an attempt to recover some of its losses. Immediate support for Nifty is at 4650, while the resistance is at 4750.

Source- rh morning market,HDFCSEC Report