Thursday, September 13, 2007

Market Cues

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.

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