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FIIs net sell in equity at $ 288.7 Mn

Wednesday, August 8, 2007

FIIs net sell in equity at $ 288.7 Mn, Net Buy by MFs at Rs 48.3 Cr, US Fed kept rates unchanged

On Aug 6, FIIs net sell in equity stood at $ 288.7 million while net buy by the Mutual Funds stood at Rs 48.3 crore. NSE F&O OI was up by Rs 1,925 crore at Rs 84358.5 crore. Stock Futures OI was at Rs 40,960 crore, added 1.97 crore shares in OI.

US Fed keeps rates unchanged at 5.25%, says that inflation remains the main concern. CBOE Volatility Index was down by 6% at 21.5. US 10-year yield stood at 4.76%. Dow ended positive after wild swing and was up by 35 points. It swung 261 points during the day.

In Asian markets, stocks rebound as Fed allays growth concerns. In Emerging Markets, Brazil was up by 1.3% while Russia was up by 0.36%. Yen depreciated by 21 bps to 118.99/dollar. Crude oil was little unchanged at $ 72.20/bbl.

Posted by FR at 9:07 AM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.