MARKET TODAY Yet again gap-down open for the Indian market as the global picture deteriorated. Yesterday Indian market fell sharply as investors lacked the confidence to buy stocks with the benchmark indexes hovering around their multi-year lows. Traders ignored the rate cut announced by the Reserve Bank of India and easing inflation number. Finally the Sensex lost 248 points to close at 8,197 and the Nifty declined 68 at 2,576. Slowdown in the domestic economy, weak rupee and uncertainty about the earnings outlook of India Inc may see bears retaining their grip on the bourses. Unabated selling by the FIIs continues to weigh on the market sentiment.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 96.83 crore while sold index options worth Rs 438.43 crore. They were net sellers of stock futures to the tune of Rs 23.57 crore while bought stock options worth Rs 71.59 crore. More details http://www.16anna.com/morninignotes.aspx --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Yellow Pages" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/yellow-pages -~----------~----~----~----~------~----~------~--~---
