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Market Outlook
Friday, August 24, 2007
Congress, Left reach uneasy truce. CPM says that they are not looking to destabilise government.
FIIs net sell were $ 165.3 million in equity on Aug 22. NSE F&O OI was down Rs 1,640 crore at Rs 80,643 crore. On the global front, Dow ended flat at 13235.8 which swung 130 points during the day. Asian stocks fall for the 1st time in 5 days and opened mixed today. In Emerging Markets, Brazil was up 0.2% while Russia was up 0.6%. On currency front, Yen depreciated to 116.27/ $, hits intra-day low of 116.37/ $. Dollar is headed for a weekly decline against euro due to lower home sales. Crude is trading little unchanged at $ 69.92/bbl. US 10-year yield is headed for 2nd weekly gain. 10-year yield was at 4.62%.
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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.
