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Market Cues
Friday, September 14, 2007
On Sep 12, FIIs net buy in equity were $ 69.1 million while MFs net buy in equity were Rs 73.3 crore. NSE F&O OI was up Rs 2,462 crore at Rs 84,389 crore.
Fed funds futures show 58% probability of 50 bps cut vs 74% earlier by February. US markets ended strong on good economic data and buying was seen in blue chip companies. Dow ended up by 133 points to close at 13425 while Nasdaq was up by 9 points at 2601. CBOE Volatility Index ended flat at 24.76.
In Asia, all Asian Indices are trading in the green on positive US cues. In Emerging markets, Brazil was up 1.9%, Russia was up 1.7% and Chile was up 0.4%. In currency market, Yen headed for weekly loss as demand for riskier assets resumed. Yen depreciated to 114.93/$; hits intra-day low of 115.21/$. Crude oil rose on hurricane concerns, traded near /bbl.