Select Your Language

Morning View

The new year seems to be a testing time for the Indian markets. After putting up a good show in December, the markets are down for two out of three sessions till now in the first trading week of 2011.

After witnessing pressure for two consecutive days, today the start is likely to be comparatively better on good global cues. The markets may trade positive following the global direction during the day and are likely to erase recent losses.

However, the markets are expected to remain volatile, as weekly inflation readings will be announced.

Daily trend of FII/MF investment in equities
The FIIs have bought Indian stocks worth a net of Rs779.30 crore on January 05, 2011 substantially higher against the net buy of Rs427.60 crore on January 04, 2011. The domestic investors have sold Indian shares worth a net of Rs89.50 crore on January 03, 2011.

Global Market
European markets closed flat on Wednesday as a report showing a large increase in US job creation was countered by a stronger dollar that halted a rally in the mining sector.

US stocks closed higher on Wednesday after fluctuating throughout the day as data showed a surprise jump in private sector jobs and solid growth in the service sector.

Asian markets were trading higher except Shanghai Composite following the overnight Wall Street gains. SGX Nifty was trading 27 points higher, suggesting for a strong start on the Dalal Street.