Markets may rise on the last trading day of 2011

Markets are expected to open the last trading session of the year 2011 on a positive note led by gains across the globe.

Headlines for the day

JSPL replaces SIL in SPV to develop Gopalpur port

FinMin likely to ease NPA norms for textile sector: Sources

Tata Group identifies 3 new sectors to drive growth

SBI may opt for QIP in FY13

AI to issue Rs 7,500 cr worth of shares to its bankers

REC cuts size of FCCB issue



Indian indices

Oye It’s Friday and the last trading session of the year 2011 too. The markets across the globe look good as positive data from the United States helped allay concerns on the global economy.

It is expected to be a positive start. Trading may be light as investors may remain sideways. Signs of improvement in the US economic environment may lift investor mood.

Daily trend of FII/MF investment in equities

The FIIs have been net buyers of the Indian stocks to the tune of Rs169.70 crore on December 29, 2011. The domestic investors have purchased Indian stocks worth a net of Rs6.70 crore on December 27, 2011. The data is as per SEBI website.

Global indices

The European shares advanced on Thursday (December 29, 2011) as upbeat data from the United States helped fuel a low-volume rally in the afternoon, although volatility also rose as investors hedged against lingering uncertainty in the euro zone.

The US stocks rallied on Thursday, moving the S&P 500 back in positive territory for 2011 ahead of the last trading day of the year, on more positive signals on the US economy.

The Asian markets were trading higher on Friday (December 30, 2011). However, only Straits Times was down. SGX Nifty was up by 42 points.

Commodity cues

US Crude Oil rose on Thursday as gains in the stock market and shortcovering helped shake off early losses caused by a rise in US crude stockpiles.