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Indian Stock Market


Market Cues

Thursday, September 13, 2007

On Sep 11, FIIs net buy in equity were $ 109.2 million while MFs net sell in equity were Rs 179 crore. NSE F&O OI was up Rs 1,067 crore at Rs 81927 crore.

On global front, Fed futures showed 74% probability of 50 bps cut. US markets are cautious and Dow was down 0.1% while Nasdaq was down 0.2%. S&P 500 closed flat and the advance/decline ratio stood at 2:3; VIX ended flat. Texas Instrument reduced sales forecast hinting that the tech growth may slow. US treasury prices declined as investors wait for Fed decision.

In Asia, Asian markets gained in early trade. In Emerging markets, Brazil ended flat while Russia was down 0.6%. In currency market, Dollar traded near record lows vs euro on signs of slower economic growth. Crude hits all-time high and is trading near $ 80/bbl mark as US stockpiles drop.

Posted by FR at 8:34 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.