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The world goes on!

India Infoline News Service | Mumbai | December 21, 2012 08:41 IST

The market remains in a sort of uncertainty with some kind of year-end fatigue. Christmas is round the corner but no signs of a Santa Claus rally here. The opening today will be subdued. On a lower day, the Nifty managed to end above 5900 levels.

The world is not coming to an end as some may have feared. The election results are out and on expected lines Narendra Modi has managed to romp home comfortably for the third time in a row. Critics argue that BJPs failure at the hustings in Himachal Pradesh is a sign that Modi remains a Gujarat phenomenon only. So will he give up any ambition on becoming PM? Thats still a long way ahead.

The market remains in a sort of uncertainty with some kind of year-end fatigue. Christmas is round the corner but no signs of a Santa Claus rally here. The opening today will be subdued. On a lower day, the Nifty managed to end above 5900 levels. However, it has been stuck in a trading band of 5800-5960 for last 15 trading session so a breakout either side is anxiously awaited to determine the near term direction.

Asian stocks are in the red. US House Speaker John Boehner said fiscal cliff plan won't come to a vote because "it did not have sufficient support from our members to pass. Now it is up to the president to work with Sen. (Harry) Reid on legislation to avert the fiscal cliff." 

Indian market  % change
 Last close1 day3 mthYTD
Sensex19,454(0.1)6.025.9
Nifty5,916(0.2)6.527.9
BSE 1005,984(0.2)8.130.1
BSE 2002,427(0.2)8.531.1
CNX Midcap8,472(0.1)12.838.6
BSE  Small Cap7,435(0.4)10.834.0
BSE 100 Futs5,993(0.2)7.9-
Sensex Futs19,523(0.0)6.1-
Developed market % change
 Last close1 day3 mthYTD
Dow Jones13,3120.5(2.1)9.0
Nasdaq3,0500.2(4.0)17.1
S&P 5001,4440.5(1.1)14.8
FTSE5,958(0.1)1.86.9
CAC3,6670.14.516.0
DAX7,6720.03.830.1
Hang Seng*22,532(0.6)8.722.2
Nikkei*10,033(0.1)10.118.7
Emerging market % change
 Last close1 day3 mthYTD
Shanghai Comp2,1780.47.5(1.0)
Brazil Bovespa61,2760.5(0.7)8.0
Mexico Bolsa43,638(0.0)7.717.7
Kospi*1,984(0.8)(0.9)8.7
Straits*3,170(0.2)3.019.8
* Markets are open
Institutional activity
(Rs cr)CashF&OMTDYTD
FIIs1,5677316,130121,150
MFs(111)-(2,504)(20,070)
FIIs Prov.467
MFs Prov.(444)
Commodities % change
 Last close1 day3 mthYTD
Crude (US$/bbl)89.1(1.2)(4.1)(9.9)
Gold (US$/oz)1,638(0.6)(7.6)4.8
Copper (US$/mt)7,743(2.0)(6.3)2.0
Aluminium (US$/mt)2,026(1.1)(3.4)1.6
Zinc (US$/mt)2,037(0.8)(2.3)11.5
Currency % change
 Last close1 day3 mthYTD
Rs/US$54.850.5(0.9)(3.3)
US$/GBP1.62

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113111500293
The world goes on!
The world goes on!
The market remains in a sort of uncertainty with some kind of year-end fatigue. Christmas is round the corner but no signs of a Santa Claus rally here. The opening today will be subdued. On a lower day, the Nifty managed to end above 5900 levels.
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December 21, 2012 08:41 IST
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