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Cues that will pave way for Nifty's course today

In the US markets, stocks finished slightly lower across the board in lackluster trading session after wavering in a narrow range for most of the session as investors remained cautious amid the ongoing fiscal cliff discussions in Washington. The CBOE volatility index ended above 17.

December 05, 2012 / 09:23 AM IST

US


In the US markets, stocks finished slightly lower across the board in lackluster trading session after wavering in a narrow range for most of the session as investors remained cautious amid the ongoing fiscal cliff discussions in Washington. The CBOE volatility index ended above 17.


Key Data to watch out for in US today


ADP private payroll employment report may show that US added 125,000 jobs in November versus 158,000 in October. ISM non-manufacturing index expected to come in at 53.6 levels. Factory orders are expected to slip into the negative territory at -0.1 percent for the month of October.


Europe


European markets closed off multi-month highs after an early rally failed to breach technical resistance and then struggled for direction amid ongoing concerns about the fate of the US Economy in 2013. Although the optimism on the Greek bond buying programme helped keep markets stable.


Asia


The Asian markets were subdued in morning trade. At 7: 44 am (IST), China's Shanghai Composite rose 0.59% or 11.61 points at 1,986.76.


Hong Kong's Hang Seng gained 0.74% or 160.45 points at 21,960.42. Japan's Nikkei was down 0.13% or 12.25 points at 9,420.21.


Singapore's Straits Times was up 0.44% or 13.52 points at 3,075.64. South Korea's Seoul Composite slipped 0.12% or 2.37 points at 1,932.81. Taiwan's Taiwan Weighted fell 0.29% or 21.85 points at 7,579.13.


Back home, Indian equities witnessed a dull day of trade on Tuesday. The Sensex closed up 36.70 points (0.19%) at 19342.02, while the Nifty ended trade 13.20 points up (0.22%) at 5884.15.


Vote on retail FDI in LS


After a heated debate in Lok Sabha yesterday, the government remains confident of winning the vote on FDI in both the houses. With Kapil Sibal leading the government in the FDI debate against BJP's Sushma Swaraj, the government expects to gain the numbers in a vote which will happen today. The voting is scheduled to start at 2 this afternoon and end by 6 in the evening.


Currency


The euro remains firm versus the dollar, hovering at seven-week highs. The dollar index at 79.60 levels


Commodities


Crude prices slipped with Brent down to USD 109 levels on demand concerns. From the precious metals space, gold prices slip over a percent, under performing equities and other commodities. The metal broke below its 100-day moving average at USD 1,698 an ounce.

 

first published: Dec 5, 2012 08:26 am

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