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Indices set to open flat

India Infoline News Service | Mumbai |

The RBI cut CRR by 25 basis points. Its decision to keep the key interest rate unchanged led to the indices witnessing a drop not seen for the last three weeks.

The RBI seems to have a mind of its own when it comes to its policy measures.  The Finance minister isn’t impressed and has hinted that Government intends to face the challenge of reviving growth on its own.

The RBI cut CRR by 25 basis points. Its decision to keep the key interest rate unchanged led to the indices witnessing a drop not seen for the last three weeks.

The Bankex shed over 2%. With Tuesday’s fall, the Nifty has broken out of its trading range we have been mentioning for a while violating the key support of 5630 levels. That level may well turn into a new resistance for the time being.

The opening is set to be flat with no major triggers really. Corporate results will continue to be eyed. The Asian markets are mostly positive. U.S. markets remained closed on Tuesday on account of the storm Sandy.

Indian market   % change
  Last close 1 day 3 mth YTD
Sensex 18,431 (1.1) 6.9 19.3
Nifty 5,598 (1.2) 7.1 21.1
BSE 100 5,593 (1.2) 7.0 21.6
BSE 200 2,264 (1.2) 7.1 22.3
CNX Midcap 7,682 (1.1) 7.2 25.7
BSE  Small Cap 6,955 (1.3) 7.9 25.3
Developed market   % change
  Last close 1 day 3 mth YTD
Dow Jones 13,107 0.0 0.2 7.3
Nasdaq 2,988 0.1 1.0 14.7
S&P 500 1,412 (0.1) 1.9 12.3
FTSE 5,850 0.9 3.8 5.0
CAC 3,459 1.5 5.1 9.5
DAX 7,284 1.1 7.6 23.5
Hang Seng* 21,555 0.6 8.9 16.9
Nikkei* 8,920 0.9 2.6 5.5
Emerging market   % change
  Last close 1 day 3 mth YTD
Shanghai Comp 2,061 (0.1) (2.0) (6.3)
Brazil Bovespa 57,684 0.9 2.8 1.6
Mexico Bolsa 41,599 (0.5) 2.2 12.2
Kospi* 1,912 0.7 1.6 4.7
Straits* 3,035 (0.1) (0.0) 14.7
* Markets are open



Institutional activity
(Rs cr) Cash F&O MTD YTD
FIIs (25) 527 10,160 93,940
MFs (69) - (2,254) (14,909)
FIIs Prov. (192)


MFs Prov. (32)


Commodities   % change
  Last close 1 day 3 mth YTD
Crude (US$/bbl) 85.8 0.1 (2.6) (13.2)
Gold (US$/oz) 1,711 0.1 6.0 9.4
Copper (US$/mt) 7,722 0.3 2.5 1.7
Aluminium (US$/mt) 1,882 0.7 1.0 (5.6)
Zinc (US$/mt) 1,815 1.8 (2.1) (0.7)
Currency   % change
  Last close 1 day 3 mth YTD
Rs/US$ 53.97 (0.2) 3.0 (1.7)
US$/GBP 1.61 0.1 2.6 3.5
US$/EUR 1.30 0.0 5.4 0.0
Yen/US$ 79.53 (0.1) (1.8)
article
113111500122
Indices set to open flat
Indices set to open flat
The RBI cut CRR by 25 basis points. Its decision to keep the key interest rate unchanged led to the indices witnessing a drop not seen for the last three weeks.
http://www.indiainfoline.com/article/news-sector-others/indices-set-to-open-flat-113111500122_1.html
January 01, 1970 05:30 IST
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