Market watch: Cues that will help you trade better
The Indian market ended higher on Wednesday on the back of short covering. The Sensex closed 171 points up at 19,426. The Nifty ended up 47 points at 5,903. The December futures and options contracts will expire today. A quick look at global and local sentiments.
December 27, 2012 / 09:13 IST
Moneycontrol Bureau
The Indian market ended higher on Wednesday on the back of short covering. The Sensex closed 171 points up at 19,426. The Nifty ended up 47 points at 5,903. The December futures and options contracts will expire today. A quick look at global and local sentiments.Must read: FII cumulative stock investment in 2012 reaches USD 125 bnUS markets:The US markets eased off their lows, but still finished in the red, extending losses for a third-straight session, as weakness in the retail sector and ongoing worries over the looming "fiscal cliff" put a damper on gains.US economic data:The S&P/Case Shiller Home Price Index of 20 major cities rose 0.7 percent in October. Holiday retail sales this year were the weakest since 2008. Key data to watch out for in the US today:Weekly jobless claims are expected to rise marginally to 365,000. New home sales could edge higher to 375,000. Also watch out for consumer confidence data.Fiscal cliff:US lawmakers are getting ready for a late push to deal with the fiscal cliff. US President Barack Obama cut short his Christmas vacation in Hawaii to get back to Washington DC.Asian markets:At 7: 49 am (IST), Asian markets were trading higher. Hong Kong's Hang Seng rose 0.37% or 82.38 points at 22,623.56. Japan's Nikkei gained 1.26% or 131.11 points at 10,361.47. Singapore's Straits Times was up 0.11% or 3.59 points at 3,184.40. South Korea's Seoul Composite slipped 0.31% or 6.06 points at 1,976.19. Taiwan's Taiwan Weighted was flat at 7,640.75. China's Shanghai Composite was down 0.45% or 9.88 points at 2,209.25.Currency space:The euro traded above 1.32 to the dollar. The dollar index was at 79.55 levels. Meanwhile, the yen is close to a more than two-year low versus the dollar touched on expectations that the new government will push to weaken Japan’s currency and implement aggressive stimulus.Commodities:Brent crude rose nearly 2 percent to USD 110 per barrel levels, at nine-week highs as cold weather and technical buying added to the upward momentum.Gold inched higher on hopes of a fiscal cliff deal getting done. Primary market:PC Jeweller will debut on the exchanges today.Stocks in news:RIL will buy Hotel Leela’s business park to house its 4G operations for Rs 172 crore. Spicejet has got shareholder nod to raise Rs 145 crore through issue of debentures to Kalinithi Maran Union Bank board will meet today to consider raising funds via preference allotment/QIP/right issue. Nalco will cut more capacity due to higher price on imported coal and e-auction coal.Vini Amesar.
vini.amesar@network18online.com Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
