Global Market News
Week : 01st to 05th August’ 2011Week : 01st to 05th August’ 2011
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Global Market Analysis
Markets ended on a flat note after swinging between gains and losses through the day as concerns over US debt deal deadlockand losses in heavyweight Reliance Industries weighed.The Nifty opened in the red following weak global cues, but managed to swing back into the green, to a high of 5,520 in themorning session. Upbeat results by largest private bank, ICICI Bank pulled the Nifty higher in the afternoon session, but lossesin heavyweight Reliance Industries dragged the index in the last leg of the trade. Finally, the Nifty ended at 5,482, down 6 pointsand the BSE benchmark Sensex closed at 18,197, down 12 points.Markets across the globe were jittery after rating agency Moody's put Spain's government bond on a review for a possibledowngrade, raising concerns that a resolution over Greece was not enough to stop the debt crisis from spreading to othercountries in the Euro-zone. European indices CAC, DAX and FTSE 100 were down, between 0.7-0.8% each.
Weekly WrapUS MarketAsian & Emerging
Asian stock markets sink over US debt fears: HONG KONG:Asian stocks sank Thursday as U.S. lawmakers struggled foranother day to come up with a compromise that would prevent a debt default in the world's biggest economy.Oil fell below $97 a barrel. The dollar weakened against the yen and strengthened against the euro.Investors were growing increasingly anxious as the U.S. government came another day closer to an Aug. 2 deadline to raisethe country's $14.3 trillion borrowing limit.Nikkei falls below 200-day average as US debt woes fester : TheNikkei stock average fell sharply on Thursday to close belowits 200-day moving average, as the market grew increasingly nervous about whether a deadlock in talks on the U.S. debt ceilingcould be solved to avoid default before next week's deadline.Wall Street posts worst week in year on US debt woes : Stocks ended the worst week in a year as time runs out on Washingtonto reach agreement before the US government loses its ability to borrow money.The S&P 500 fell every day this week and was down 3.9 per cent for the week as legislators failed to work out an agreement toraise the federal borrowing limit, which expires on Tuesday. Investors also worry about the likelihood of a US credit downgrade.TheDow Jones industrial average was down 96.87 points, or 0.79 per cent, at 12,143.24. The Standard & Poor's 500 Index wasdown 8.39 points, or 0.65 per cent, at 1,292.28. The Nasdaq Composite Index was down 9.87 points, or 0.36 per cent, at2,756.38.
US President Barack Obama told Republicans and Democrats to find a way "out of this mess." The United States will beunable to borrow money to pay its bills if Congress does not raise the debt limit by Aug. 2.
Micro Economic Front
Food inflation fell to its lowest level in 20 months at 7.33% for the week ended July 16 on the back of cheaper pulses, even asother items grew more expensive.Food inflation, as measured by Wholesale Price Index (WPI), stood at 7.58% in the previous week.The decline could also be attributed to the high inflation figure of 18.56% for the corresponding year-ago period, a phenomenondubbed the 'high base effect' in economic parlance.The latest figure is the lowest since separate data for food inflation was first released in November, 2009.
Weekly OpenWeekly HighWeekly LowWeekly Chg Points5633.805702.255453.95-151.80Weekly Close5482.00Weekly Chg%-2.69%
CloseWorld IndicesWeekly Chg Points
5482.00Nifty-151.80-2.69%Shanghai Comp.27770.79+49.38+1.75%3671.28CAC 40-171.42+4.46%
S&P CNX 500CNX MIDCAP4544.208153.504591.358245.004419.608149.954424.058017.35BANK NIFTY11286.2511433.1010758.4010893.65
CNX NIFTY JUNIOR11258.5511387.5510862.1010910.20CN XIT6426.306470.506264.756335.10CNX 1005545.955609.055378.805391.25
MARUTI SUZUKINFOSYSTECHN1,207.902,766.80BHARTI AIRTE437.00
Mutual Fund InvestmentFII’s Investment
ScripCurrent CloseChangeChg %
Sell ValueNet ValueBuy ValueIndices
Sell ValueNet ValueBuy ValueIndices