Daily Market Preview
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MARKET PREVIEW 17th DEC, 2009
Indian equities are likely to open flat on Wednesday, December 16. SGX Nifty is trading at 5,033.50 (9.23 am), 12.50 points higher than Tuesday`s closing of 5,021. Asian stocks headed to their biggest gain in almost two weeks, led by Japanese banks after the Nikkei newspaper said tighter rules on bank-capital ratios will be delayed and after crude oil gained for the first time in 10 days…
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MARKET PREVIEW 16th DEC, 2009
Asian stocks headed to their biggest gain in almost two weeks, led by Japanese banks after the Nikkei newspaper said tighter rules on bank-capital ratios will be delayed and after crude oil gained for the first time in 10 days. Japanese benchmark index Nikkei 225 advanced 76.76 points, or 0.76%, to trade at 10,160.24. China`s Shanghai Composite increased 1.30 points, or 0.04% to trade at 3,275.76…
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MARKET PREVIEW 15th DEC, 2009
The market may edge lower on weak Asia. Meanwhile, rising inflation added to the case for monetary tightening. However, good advance tax numbers by India Inc in the third quarter may cap fallt. Stocks-specific activity will hog the limelight today, 15 December 2009, with investors reacting to corporate advance tax payments data. Advance tax is paid in four installments in June, September, December and March, and is based on taxpayers’ projected income, giving an indication of industry’s performance in coming months…
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MARKET PREVIEW 14th DEC, 2009
The market may open lower tracking weak Asian stocks. Investors will keenly watch the inflation data for the month of November 2009 due to be announced by the government today. The annual rate of inflation, based on monthly wholesale price index (WPI), stood at 1.34 % for the month of October 2009 over October 2008. A finance ministry official said on Friday 11 December 2009 the government was taking steps…
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MARKET PREVIEW 11th DEC, 2009
The market may gain on positive Asia after a drop in U.S. joblessness claims to a one-year low boosted confidence in a global economic recovery. US markets edged higher on Thursday. Investors will keenly watch the October 2009 industrial output data to be announced by the government today. The index of industrial production recorded 9.1% growth in September 2009 compared with September 2008…
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MARKET PREVIEW 10th DEC, 2009
The market may fall tracking weakness in Asian stocks. However, US stocks edged higher on Wednesday, 9 December 2009. The government will today unveil data on some wholesale price indices for the year through 28 November 2009 viz. the food price index, the primary articles index and the fuel price index. • Inflation expectations can be fueled if price pressures persist, the Reserve Bank of India Governor Duvvuri Subbarao…
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MARKET PREVIEW 9th DEC, 2009
The market may remain volatile in initial trades on weak Asia after Japan’s economy grew more slowly than estimated, denting confidence in the global economic recovery. US stocks also declined on Tuesday. • The government does not need to borrow more than planned to fund its additional proposed expenditure, Finance Minister Pranab Mukherjee said on Tuesday…
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MARKET PREVIEW 8th DEC, 2009
The market may extend Monday (7 December 2009)’s fall on weak Asia after Federal Reserve Chairman Ben S. Bernanke said the U.S. economy faces formidable headwinds. US stocks ended on a flat note on Monday. • Capital inflows into India reflect investor confidence in the economy, the Reserve Bank of India (RBI) governor Duvvuri Subbarao said on Monday at a televised panel discussion…
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MARKET PREVIEW 7th DEC, 2009
The market may edge higher in early trade on gains in Asia stocks and stronger-thanexpected US job data. The slowdown in the Indian economy is showing signs of moderation, Prime Minister Manmohan Singh said on Friday 4 December 2009. Finance Minister Pranab Mukherjee said on Friday, the Indian economy is expected to show strong growth in the October 2009-March 2010 period…
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MARKET PREVIEW 4th DEC, 2009
The market may edge higher in early trade tracking gains in most of Asia. However market may remain volatile after recent strong rally in indices. The Reserve Bank of India (RBI) is likely to revise upwards growth forecasts for 2009/10 when it reviews policy in January 2010 and monetary action may be needed if inflation accelerates, Usha Thorat, a Reserve Bank of India…
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MARKET PREVIEW 3rd DEC, 2009
The market may gain in early trade on rise in most of Asia. However some profit taking at higher levels cannot be ruled out after recent surge in indices. The government will today unveil data on some wholesale price indices for the year through 21 November 2009 viz. the food price index, the primary articles index and the fuel price index…
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MARKET PREVIEW 2nd DEC, 2009
Indian equities are likely to open flat. SGX Nifty is trading at 5,149.50 (9.15 a.m.), 18.50 points higher than Tuesday`s closing of 5,131 • Asian stocks rose for a third day, lifting the MSCI Asia Pacific Index to a sixweek high, after commodity prices increased and UBS AG recommended investors buy Panasonic Corp. Japanese benchmark index Nikkei 225 rose 35.81 points, or 0.37%, to trade at 9,608.01. Hong Kong`s Hang Seng is rose 289.36 points, or 1.31%, at 22,402.51. China`s Shanghai Composite increased 26.60 points, or 0.82% to trade at 3,261.97…
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MARKET PREVIEW 1st DEC, 2009
Indian equities are likely to open flat. SGX Nifty is trading at 5,043 (9.10 a.m.), 20 points higher than Monday`s closing of 5,023 • Asian stocks fell, led by shipping lines after a measure of freight rates declined and on speculation companies will need more funds. Japanese benchmark index Nikkei 225 dropped 106.24 points, or 1.14%, to trade at 9,239.31. Hong…
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MARKET PREVIEW 30th NOVEMBER, 2009
The market is likely to end two day losses following recovery in Asian stocks and higher US index futures. Trading in US index futures showed the Dow could rise 58 points the opening bell today, 30 November 2009. The S&P CNX Nifty futures for December 2009 expiry were trading 47 points higher in Singapore. Gross domestic product (GDP) data for Q2 September 2009 to be announced by the government…
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MARKET PREVIEW 26th NOVEMBER, 2009
The market may remain volatile as traders roll over positions in the derivative segment from November 2009 series to December 2009 series ahead of the expiry of the nearmonth November 2009 contracts today, 26 November 2009. The S&P CNX Nifty futures for December 2009 expiry were trading 30 points lower in Singapore. Strong economic data and weak dollar lifted the Dow Jones and S&P 500 to fresh 13-months high…
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MARKET PREVIEW 25th NOVEMBER, 2009
The market may remain volatile as was witnessed in previous few trading sessions as traders roll over positions in the derivative segment from November 2009 series to December 2009 series ahead of the expiry of the near-month November 2009 contracts on Thursday, 26 November 2009. Asian cues were mixed on Wednesday while US stocks ended marginally in red on Tuesday…
