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FIIs net buy in equity $ 399.2 Mn; NSE F&O OI up Rs 2,165 Cr; Dow up 54 pts at 13820; Nasdaq up 17 pts at 2671.22

Monday, September 24, 2007

MARKET CUES
FIIs net buy $ 399.2 m in equity on Sep 20. MFs net sell were Rs 233.4 cr in equity on Sep 20. NSE F&O OI went up Rs 2,165 cr at Rs 93,414 crore

GLOBAL MARKET CUES
US stocks posted the biggest weekly gain since March.
Friday's trade: Dow went up 54 points at 13820; Nasdaq up 17 points at 2671.22. Asian markets trading higher; Japan, Korea & Taiwan are shut today. Yen is at 115.14/ $; hits intra-day low of 115.33/ $ & high of 115.09/ $. US dollar depreciates 0.23 bps vs euro, 0.05 bps vs rupee. Dollar has lost 6.3% YTD against euro
Crude oil falls for 2nd day as production rises in Gulf of Mexico. Crude oil at $ 81.32/bbl vs record high of $ 83.90, up 33% (YoY)

US RATE OUTLOOK
Fed Funds Futures show 72% chance of cut to 4.50% on Oct 31. Fed Funds Futures show 55% chance of cut to 4.25% on Dec 11

MARKET VOLATILITY
CBOE Volatility Index down 7.09% at 19 for 1st time since July 25

Posted by FR at 9:37 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.