Tag Archives: European shares

Overseas Market – FII Activity for Indian Equity & Debt Market

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  • European shares closed at four months high on Monday, with shares driving gains on the back of recent U.S. economic data and hopes for fresh policy actions to help debt-market strugglers Spain and Italy.
  • Stronger-than-expected U.S. jobs data also lifted sentiment towards equity markets. As a result, the FTSEurofirst 300 index ended 0.4 percent higher at 1,085.79 points. Spain’s benchmark IBEX stockmarket index which was halted for several hours due to a technical glitch, rose 4.4 percent, while Italy’s FTSE MIB gained 1.5 percent on expectations that any support from the ECB to lower borrowing costs will help the economy.
  • On the flip side, U.S. stocks surged on Monday on ECB Speculation as German Chancellor Angela Merkel’s government backed the European Central Bank’s bond-buying plan. Hopes for fresh policy actions to help debt-market strugglers Spain and Italy buoyed the market sentiment as a result Spanish and Italian notes increased, while commodities reversed declines. The nonfarm payrolls report put traders in a good mood, after four days of being in a bad mood, of the market’s best session in more than a month. Sentiment brightened further with U.S. economic data. Among the individual stocks, Knight Capital Group Inc., the firm driven to the brink of bankruptcy by trading losses last week, tumbled 24 percent.
  • The three main indices closed in green after sentiments were brightened by better-than-expected July job date and improving economic date. Cheering the news, the Dow Jones Industrial Average gained 21.34 points, or 0.16 percent, to 13,117.51 at the close. The Nasdaq Composite Index ended up 22.01 points, or 0.74 percent, to end at 2,989.91 and Standard & Poor’s 500 Index rose 3.24 of a point, or 0.23 percent, to 1,394.23.
  • Crude oil opened the week with a 1.0 per cent gain at USD 92.30 per barrel. Natural gas also closed in positive terrain with 1 per cent gain at USD 2.91 per MMBtu as the weaker dollar gave them a boost.
  • Following the crude’s footsteps, Gold closed the day’s trading with 0.4 per cent gain at USD 1616.00 per ounce. However, Silver settled 0.3 per cent higher at USD 27.87 per ounce.

FII ACIVITY

    • On Monday, the FIIs continued to support Indian equity and debt market.
  • Gross equity purchased stood at Rs. 1,509.60 Crore and gross debt purchased stood at Rs. 179.00 Crore, while the gross equity sold stood at Rs. 1,341.90 Crore and gross debt sold stood at Rs. 139.60 Crore.
  • Therefore, the net investment of equity and debt reported were Rs. 167.70 Crore and Rs. 39.40.

Overseas Market View – FII Activity

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European shares ended Thursday’s volatile session sharply lower as European Central Bank President Mario Draghi disappointed investors who had been expecting some bold actions since his pledge last week to do ‘whatever it takes’ to defend the euro. Investors, who had pushed stocks higher before Draghi’s comments on hopes of some concrete policy support, rushed to dump equities, with the FTS Euro first 300 index closing 1.2 percent lower at 1,055.34 points, Spain’s IBEX slumping 5.2 percent and Italy’s FTSE MIB falling 4.6 percent, the biggest one-day decline in nearly four months.

On the flip side, U.S. stocks on Thursday retreated for a fourth day after the European Central Bank failed to live up to its advance billing, offering only conditional moves in tackling Europe’s debt crisis. The slide in U.S. equities followed a global rout after ECB President Mario Draghi indicated the ECB plans to unite with governments in purchasing bonds in large enough quantities to curb the euro land’s debt trouble, although he conceded Germany’s Bundes bank was not fully on board with the concept. Among the individual stocks, Knight Capital Group Inc. shares nose-dived nearly 63 per cent to USD 2.58 a piece after pegging losses at USD 440 million from a trading glitch and saying it was looking at strategic options.

The three main indices closed in red in choppy trading session. The Dow Jones Industrial Average dipped 92.18 points, or 0.71 percent, to 12,878.88 at the close. The Nasdaq Composite Index fell 10.44 points, or 0.36 percent, to end at 2,909.77 and Standard & Poor’s 500 Index edged down 10.32 of a point, or 0.75 percent, to 1,365.00.

Crude oil ended the session 2.0 per cent lower at USD 87.20 per barrel. Natural gas closed into negative terrain with 7.9 per cent loss at USD 2.92 per MMBtu.

Following the crude’s footsteps, Gold closed the day’s trading with 1.0 per cent loss at USD 1590.50 per ounce. Silver also settled with a 1.9 per cent loss at USD 26.99 per ounce.

On Thursday, the FIIs continued to support Indian equity and debt market as a result they turned net buyer in both the markets.

Gross equity purchased stood at Rs. 2212.10 Crore and gross debt purchased stood at Rs. 787.00 Crore, while the gross equity sold stood at Rs. 1581.20 Crore and gross debt sold stood at Rs. 519.60 Crore.

Therefore, the net investment of equity and debt reported were Rs. 630.90 Crore and Rs. 267.40