For updates visit

Dow closed up 138 pts at 13,930; Nasdaq closed up 42 pts at 2,859; US Q3 GDP rises to 3.9% Vs consensus of 3.1%

Thursday, November 1, 2007

On Oct 30, FIIs net sell in equity were $ 75.2 million while MFs net sell in equity were Rs 533.6 crore. NSE F&O OI was up Rs 2,589 crore at Rs 83,916 crore.

On global front, Dow closed up 138 points at 13,930 while Nasdaq closed up 42 points at 2,859. Dow had initially slipped 70 points post Fed announcement. CBOE Volatility Index was down 12% at 18.53. US treasury declines as Fed indicates reluctance to trim rates further.

US economic data:
Q3 GDP rises to 3.9% Vs consensus of 3.1%.
Residential construction took 1.1% off GDP growth.
Consumer spending, business invst offset credit losses.
Govt spend, inventories, net exports offset credit losses.

In Asia, Asian stocks give subdued reaction to Fed rate cut. In emerging markets, Brazil was up 1.45% and Russia was up 0.7%. Crude shoots past $ 95/bbl after US inventories unexpectedly fell to 2-year low.

Posted by FR at 9:12 AM  


Post a Comment


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.