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Tuesday, December 30, 2014

Asia Pacific Market - Mixed trade globally today

As on today, during the day, key benchmark indices reversed initial gains triggered by the Prime Minister Narendra Modi-led Cabinet's approval yesterday, 29 December 2014 to Land Acquisition Act through the ordinance route for amendments.

In the meanwhile, Indian key benchmark indices eked out tiny gains in a volatile trading session. Indices swung between in positive and negative zone throughout the day. The S&P BSE Sensex and the CNX Nifty, both, hit their highest closing levels in a week. The S&P BSE Sensex rose 7.81 points or 0.03% to settle at 27,403.54. The market breadth indicating the overall health of the market was positive. Oil exploration stocks declined as lower crude oil prices would result in lower realizations from crude sales for oil exploration firms. Index heavyweight Reliance Industries declined in volatile trade. Sesa Sterlite declined on profit booking after recent rally. Capital goods stocks edged higher on renewed buying.

The foreign portfolio investors (FPIs) sold shares worth a net Rs 204.22 crore yesterday, 29 December 2014, as per provisional data.

European stocks declined today, after the release of disappointing inflation data from Spain and amid growing concerns over political tensions in Greece. Asian stocks edged lower today, as a sharp selloff in commodities and political uncertainty in Greece made investors less willing to take risks in the final trading days of 2014.

Key benchmark indices in China, Hong Kong, Taiwan, Singapore, Japan, and South Korea fell by 0.05% to 1.57%. Indonesia's Jakarta Composite index rose 0.94%.

The HSBC Holdings Plc/Markit Economics China manufacturing purchasing managers' index for the month of December 2014 will be declared tomorrow, 31 December 2014, followed by the official factory PMI on Thursday, 1 January 2015.

Japanese markets will be shut from tomorrow, 31 December 2014 to Friday, 2 January 2015 and will reopen on Monday, 5 January 2015.
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