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Market Cues: FIIs net buy in equity $ 130.6 Mn; Dow up 91 points at 13449; Nasdaq up 34 points at 2630

Wednesday, September 5, 2007

On Sep 3, FIIs net buy in equity were $ 130.6 million while MFs net buy in equity were Rs 142.5 crore. NSE F&O OI was up by Rs 2,756 crore at Rs 70,695 crore.
On global front, US Fed's Beige Book data will be released today. BoE & ECB interest rate announcement is tomorrow. US markets ended higher and rally was seen in tech and energy stocks. Dow was up by 91 points at 13449 while Nasdaq was up by 34 points at 2630. US 10-year treasury yields were little changed at 4.55%. Oil prices surged 1.4% to over $ 75/bbl following hurricane forecasts.
In Asia, Asian markets were trading mixed with positive bias. In Emerging Markets; Brazil was up 1.1% while Russia was down 1.1%.
In currency market, Yen fell as stock rally spurs investors to resume carry trades. Yen depreciated to 116.17/$; hits intra-day low of 116.47/$.

Posted by pp at 9:52 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.