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Up above the cliff so high!

India Infoline News Service | Mumbai |

World markets are upbeat on hopes that the fiscal cliff negotiations in Washington are progressing well especially after Obama met Congressional leaders on Friday. We expected gains in our market on Monday itself though...

After stumbling for eight days in a row, the indices look poised to clock some gains today. World markets are upbeat on hopes that the fiscal cliff negotiations in Washington are progressing well especially after Obama met Congressional leaders on Friday. We expected gains in our market on Monday itself though.

A rebound in Nifty above the 5630 levels will augur well for the time being. Asian markets are up this morning. Reports state that a better- than-forecast US home sales has brought in some cheer. US indices saw one of their best gains in months with the Dow adding over 200 points.

Amid all the temporary happiness in the global markets, one cant ignore the fact that escalating violence in the Middle East between Israel and Islamist political group Hamas will continue to dominate attention. Oil prices have inched higher and Israels Defence Minister Ehud Barak said the army was prepared to invade the Gaza Strip.

Indian market  % change
 Last close1 day3 mthYTD
Sensex18,339 0.2 3.7 18.7
Nifty5,571 (0.0)3.8 20.5
BSE 1005,601 (0.1)4.6 21.8
BSE 2002,269 (0.2)4.8 22.6
CNX Midcap7,775 (1.0)6.9 27.2
BSE  Small Cap7,051 (0.8)6.6 27.0
BSE 100 Futs5,618 0.0 4.5 -
Sensex Futs18,388 0.2 --
Developed market % change
 Last close1 day3 mthYTD
Dow Jones12,796 1.6 (3.6)4.7
Nasdaq2,916 2.2 (5.2)11.9
S&P 5001,387 2.0 (2.2)10.3
FTSE5,738 2.4 (2.0)3.0
CAC3,440 2.9 (1.4)8.9
DAX7,124 2.5 1.2 20.8
Hang Seng*21,452 0.9 6.7 16.4
Nikkei*9,160 0.1 (0.1)8.3
Emerging market % change
 Last close1 day3 mthYTD
Shanghai Comp2,0180.0 (4.2)(8.3)
Brazil Bovespa56,4511.9 (4.5)(0.5)
Mexico Bolsa40,8310.6 0.7 10.1
Kospi*1,8880.5 (3.0)3.4
Straits*2,9640.4 (3.2)12.0
* Markets are open



Institutional activity
(Rs cr)CashF&OMTDYTD
FIIs787 (18)4,136 98,188
MFs(295)-(878)(16,053)
FIIs Prov.(2)


MFs Prov.(503)


Commodities % change
 Last close1 day3 mthYTD
Crude (US$/bbl)89.1 (0.2)(7.2)(9.9)
Gold (US$/oz)1,734 0.1 7.0 10.9
Copper (US$/mt)7,793 2.6 3.5 2.7
Aluminium (US$/mt)1,955 1.3 7.3 (2.0)
Zinc (US$/mt)1,914 1.2 8.0 4.8
Currency % change
 Last close1 day3 mthYTD
Rs/US$55.07 (0.2)1.2 (3.6)
US$/GBP1.59 (0.0)


 

 
 
 
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