Refer A Friend | NRI | Chat | Demo | Careers
What's New? | Feedback | Need Help?
Website Feedback Visit Old Sharekhan Site
Comp Info

Only on AMC Accounts (Charges fully adjustable on brokerage).
HOME /  MUST KNOW NEWS /  Detailed News

Markets may fall start on Europe debt rating warning

[Sharekhan] 19 Dec 2011 08:40 AM     

Email your friend     Follow Us On Twitter      Follow Us On Facebook

The start looks weak as worries over the euro zone debt crisis heightened after Fitch Ratings warned of possible downgrades for seven European nations

Headlines for the day

Food Security Bill gets Cabinet nod

2G: Raja acted on Chidambaram's instructions, says Swamy

Kingfisher to get $47m loan from Sahara: Report

FinMin okays FDI proposal in broadcast carriage services

Events for the day

Results: Warren Tea

Indian indices

Fitch Ratings on Friday placed Belgium, Cyprus, France, Ireland, Italy, Slovenia and Spain on watch for possible downgrade and warned that a comprehensive solution to this festering problem is 'technically and politically beyond reach'.

The news has weakened hopes that policy makers will solve the regions debt crisis. Today’s opening is expected to be on a weak note tracking heavy losses in the Asian region as worries about downgrades of weaker euro zone countries curbed risk appetite.

Daily trend of FII/MF investment in equities

The FIIs have sold Indian stocks worth a net of Rs226.6 crore on December 16, 2011. The domestic investors have sold Indian stocks worth a net of Rs111 crore on December 15, 2011. The data is as per SEBI website.

Global indices

The European shares ended lower on Friday (December 16, 2011) after a choppy session, as multiple equity derivative contract expiries and fears of fresh corporate or sovereign credit rating downgrades over the weekend weighed on sentiment.

The US stocks finished mixed to lower on Friday after Fitch Ratings said it was sticking with its AAA rating for France but revising its outlook down while warning that downgrades were possible for six other Eurozone countries.

The Asian indices were trading lower on Monday (December 19, 2011) on anxiety over potential ratings downgrades in European sovereign debt. SGX Nifty was trading 95 points lower, indicating a weak start for the Indian markets.

Commodity cues

US Crude Oil edged lower in volatile trading on Friday, posting a second consecutive weekly loss as caution about Europe's debt crisis and year-end positioning continued to spark selling into rallies.

To participate in Sharekhan 'Sense the Sensex' Contest....Click Here

Powered by Sharekhan - MUST KNOW NEWS

Tags: Sensex |  Nifty |  Markets |  Opening |  Fitch Ratings |  Euro Zone Debt Crisis |  Asian |  Crude Oil |  Commodity |  European
CompanyInfo Earnings Quotes Research Events Alerts
Company Details Earnings Get Quote Research Events Alerts

Select Exchange  

Sharekhan Rank: 1222  (27 Jul 2017)
Change in Rank :603
Change in Price: 755.40
from 1st Apr 17

Select Index  

  • Quick Quote
 CAREERS  |   IMPORTANT LINKS  |   FEEDBACK  |   KYC document in vernacular languages |   STAY SECURE

Registered Office: Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai – 400042, Maharashtra. Tel: 022 - 61150000. Sharekhan Ltd.: SEBI Regn. Nos.: BSE: INB/INF011073351 / BSE-CD ; NSE: INB/INF/INE231073330 ; MSEI: INB/INF261073333 / INE261073330 ;
DP: NSDL-IN-DP-NSDL-233-2003 ; CDSL-IN-DP-CDSL-271-2004 ; PMS-INP000000662 ; Mutual Fund-ARN 20669 ;Research Analyst : INH000000370
Commodity trading through Sharekhan Commodities Pvt. Ltd.: MCX-10080 ; (MCX/TCM/CORP/0425) ; NCDEX-00132 ; (NCDEX/TCM/CORP/0142) ; NCDEX SPOT-NCDEXSPOT/116/CO/11/20626 ; For any complaints email at igc@sharekhan.com

Sharekhan Financial Services Pvt. Ltd: Registered with IRDA as a Corporate Agent (Life) - Registration No: CA0126

Disclaimer: Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges and Do’s & Don’ts by MCX & NCDEX and the T & C on www.sharekhan.com before investing.

Company Identification Number (CIN): Sharekhan Ltd: U99999MH1995PLC087498; Sharekhan Commodities Pvt Ltd: U67120MH2000PTC127261; Sharekhan Financial Services Pvt Ltd: U65920MH2004PTC149518; Sharekhan.Com India Pvt Ltd: U80904MH2000PTC126954; Sharekhan Insurance Broking Ltd: U67120MH2000PLC127257

BHARTIARTL 327.55 (-1.65)  BHEL 2225.70 (4.10)  DLF 383.25 (0.65)  GRASIM 2432.00 (-4.23)  GRASIM 2432.00 (-4.23)