Monday, August 3, 2009

Market Outlook 3rd Aug 2009

 NIFTY FUT: Support at 4632.05. Buying recommended at 4608.30-4610.30 zone. Target at 4679.00. Above 4700.75-4702.75, bulls will dominate.
 OPTIONS: Buying recommended in SUZLON PUT OPTION.(90 Strike Price).
 
8 stocks that are in news today: Law Ministry says govt backs Oil Ministry in RIL-RNRL case Exclusive: Adani Power QIB Subscribed 39.5 times post anchor allocation Aban Offshore board approves QIP of up to Rs 2,500 crore Hero Honda July total sales up 30.3% at 3.66 lakh units versus 2.81 lakh units SBI says to achieve provision coverage up to 50% Tata Motors close to signing aid deal with UK govt – PTI JSW plans IPO of power business – PTI Essar Steel close to buying Shree Precoated steel, deal to be closed in a week – DNA Govt mulls drilling holidays for 3 years L&T, US insurer Travellers part ways for Insurance JV – ET Andhra Govt seeks to blacklist IVRCL, co currently facing investigation for causing death of 2 workers – DNA Aegis Logistics buy back at maximum Rs 143/sha
8:55 PM 2-8 Lanco Infra QIP floor price set at Rs 394.85/share ((CMP Rs 410)) Excel Infoways to list today, issue price Rs 85 REI Six Ten Retail board approves splitting FV of shares from Rs 10 to Rs 2 Gayatri Projects board approves issue of 10 lakh shares to strategic investor Reliance Capital Trustee at Rs 185/share ((CMP Rs 240)) Jindal Poly board approves buyback up to Rs 73 crore at maximum price of Rs 400/share ((CMP Rs 295)) SEL Manufacturing board approves ADR / GDR / FCCB issue up to Rs 300 crore ING Vysya Bank board meet on August 5 on GDR / FCCB / QIP / rights issue Unity Infra bags new order worth Rs 72 crore Mahindra Holidays to replace Megasoft in BSE-500 index from today
 
INTRADAY calls for 3rd Aug 2009
Buy SBI-1811 for a target 1842-1873 stop loss 1790
Buy Mcdowell-1018 for a target 1055-1075 stop loss 995
Buy NithinFire-312 for a target 330-345-355 stop loss 305
Expected Breakout calls
Buy GSSAmerica-177 above 190 for a target 215 stop loss 180
POSITIONAL calls
Buy Mundraport-601 for a target 800+ stop loss 545
 
Strong & Weak  futures
This is list of 10 strong futures: Patni, Bharat Forg, Tata Motors, DCHL, GSPL, OFSS, MPHASIS, Jindal Saw, Rolta & RECLTD . And this is list of 10 Weak futures: Sun Pharma, ABB, Chamble Fert, EKC, BRFL, Patel Eng, Bank of India, Sterling Bio, TTML &  R Com.
 
Nifty is in Up Trend.
 
NIFTY FUTURES (F & O):
 
Rally may continue up to 4665-4667 zone for time being.
Support at 4622 & 4626 levels. Below these levels, expect profit booking up to 4585-4587 zone and thereafter slide may continue up to 4550-4552 zone by non-stop.

Buy if touches 4514-4516 zone. Stop Loss at 4479-4481 zone.

On Positive Side, cross above 4701-4703 zone can take it up to 4736-4738 zone by non-stop. If crosses & sustains this zone then uptrend may continue.
 
Short-Term Investors:
 
Bullish Trend. 3 closes above 4600 level, it can zoom up to 4947 level by non-stop.
3 closes below 4600 level, it can tumble up to 4253 level by non-stop.
 
BSE SENSEX:
 
Higher opening expected. Uptrend should continue. 
Short-Term Investors:
 
Short-Term trend is Bullish and target at around 16459 level on upper side.
Maintain a Stop Loss at 15379 level for your long positions too.
 
INVESTMENT BUY:
Buy MPHASIS (NSE Cash) 
Uptrend to continue.
Mild sell-off up to 460 level can be used to buy. If uptrend continues, then it may continue up to 482 level for time being. 

If crosses & sustains at above 500 level then, uptrend may continue.

Keep a Stop Loss at 442 level for your long positions too.
 
Buy BHARAT FORGE (NSE Cash) 
Uptrend to continue.

Mild sell-off up to 205 level can be used to buy. If uptrend continues, then it may continue up to 220 level for time being. 

If crosses & sustains at above 230 level then uptrend may continue.

Keep a Stop Loss at 195 level for your long positions too.
 
Global Cues & Rupee
 
The Dow Jones Industrial Average closed at 9,171.61. Up by 17.15 points.
The Broader S&P 500 closed at 987.48. Up by 0.73 points.
The Nasdaq Composite Index closed at 1,978.50. Down by 5.80 points.
The partially convertible rupee INR=IN ended at 47.93/95 per dollar on Friday, stronger than Thursday's close of 48.35/36.
 
 Interesting findings on web:
Gross domestic product, a measure of all the goods and services produced by the U.S., fell at an annual rate of 1% from April to June. Economists had been expecting a pace of 1.5%, and the number was well down from the first quarter's plunge of 6.4%. While the GDP figures beat the consensus estimate, they still show the U.S. is in a recession as the GDP dropped for four straight quarters, which hasn't happened since 1947.
The Dow and the S&P ended up slightly on Friday, with data showing the economy shrank less than expected in the second quarter, lifting investor optimism. The Nasdaq ended down slightly.
Alfred Kugel, chief investment strategist at Atlantic Trust in Chicago, said Friday's data bolstered his confidence that the economy is turning a corner, with GDP likely to turn positive for the current quarter once the next round of data are in hand.
However, he said Atlantic Trust stopped adding stock to its clients portfolios about a month ago, guarding against a possible correction to the market's sharp rally from its bear-market lows.
"We're sort of in this transition from hope and expectation regarding the economy to reality," said Mr. Kugel. "I don't know if I'd rush out to buy stocks right now, but I wouldn't mind owning them."
Few other surprises marked the Friday session. A regional index of purchasing managers, which precedes next Monday's influential manufacturing report, came in just slightly above expectations. The data showed the manufacturing sector continues to shrink, but at a slower pace than before.
Automakers got a lift from Congress as the House of Representatives voted to add $2 billion to its "cash-for-clunkers" program after car buyers swarmed dealerships this week to take advantage of the temporary rebate for older vehicles.
Under the program, consumers can trade old cars for credits to be applied toward the purchase of new models.
Shares of Ford Motor ( F - news - people ) jumped 8.3% during trading.
Ford [F  8.00    0.61  (+8.25%)   ] continued to rally after the announcement, finishing the day at $8. Ford had said earlier in the week that it had seen a "dramatic" boost from the program.
Ford is apparently also slowing down the bidding process for its Volvo unit, according to a report in the Wall Street Journal today, hoping for a better price.
Bank of America [BAC  14.79    0.82  (+5.87%)   ] was the biggest percentage gainer on the Dow for today — and for the week — following news that the bank plans to open a Chinese subsidiary.
Disney [DIS  25.12    -1.10  (-4.2%)   ] was the biggest drag on the Dow, sliding 4.2 percent, after JPMorgan slashed its rating on the stock to "underweight" from "neutral." The entertainment giant late Thursday beat earnings forecasts but fell short of revenue expectations.
Chevron [CVX  69.47    1.77  (+2.61%)   ] shares ended up 2.6 percent  after the oil giant missed its earnings target as revenue was cut in half by the sharp drop in oil prices.
This followed similar results this week from ExxonMobil, Royal Dutch Shell, ConocoPhillips and BP earlier in the week.
In fact, ExxonMobil [XOM  70.39    -0.33  (-0.47%)   ] had the most negative impact on the Dow this week, falling nearly 3 percent.
AIG [AIG  13.14    0.01  (+0.08%)   ] shares finished the day flat following news that the insurer is still showing signs of weakness, despite getting one of the biggest bailouts in history.
And UBS [UBS  14.74    0.95  (+6.89%)   ] advanced 6.9 percent after the Swiss bank reached an agreement with the U.S. in a tax-evasion dispute.
General Electric [GE  13.40    0.29  (+2.21%)   ] continued to benefit from a Goldman Sachs upgrade based on the belief that the CNBC parent will not have to split off its GE Capital financing arm. Shares rose another 2.2 percent.
Travelers, which was recently added to the Dow, rose 2.7 percent after some encouraging analysts comments that came a day after the insurer raised its full-year forecast.
Among stocks to watch, health insurer Amerigroup tumbled 9% after it said that it had reversed a prior-year loss caused by litigation. Electrical equipment maker Stoneridge tumbled 11% after it said that it swung to a second-quarter loss.
Brush Engineered Materials swung to a second-quarter loss but forecast profits for the third quarter. Its shares rose 9%. Heating-equipment maker Graham Corp. rose 6% after its earnings beat estimates.
For the month, the Dow was up 8.6 percent, its best gain for July since 1989. The S&P was up 7.4 percent and the Nasdaq was up 7.8 percent.
For the week, the Dow was up 0.9 percent, the S&P was up 0.8 percent and the Nasdaq was up 0.6 percent.
For the week, the Dow gained 0.9 percent, helping bring the blue-chip index its best July since 1989.
Investors placed big bets over the last month that the profit machine at U.S. companies will continue to rev higher and that the longest recession since World War II is finally easing its grip. If that turns out to be wrong, the huge gains of July mean there will be an even bigger price to pay if companies don't deliver.
The Dow surged 725 points or 8.6 percent for the month, with most of the gains arriving in bursts in the final 15 days. The extraordinary run shaped July into the best month for the blue chips since October 2002 and the best July since 1989. The Dow has risen four of the past five months.
The broader Standard & Poor's 500 index, a benchmark for many mutual funds, also ran at a strong pace and July was its best performance since 1997. Even with the gains, the S&P is still down 37 percent from its peak in October 2007.
The companies that fared best in July were those that signaled they were patching up their businesses after a terrible winter and fall. Caterpillar Inc.'s earnings for the April-June quarter fell but the company raised its profit forecast for the year. Its stock surged 33.4 percent for the month.
Earnings reports that fueled the rally often contained a few dark spots, and many companies have been increasing their bottom line by taking a knife to costs. Eventually they will have to bring in more revenue because trimming costs can't increase profits forever.
Stu Schweitzer, global markets strategist at J.P. Morgan's Private Bank in New York, said the lower expenses means companies will be better positioned to reap big earnings when the economy does grow and revenue starts to tick higher.
Economic reports are starting to support traders' bets. The government reported Friday that the economy shrank at a pace of just 1 percent in the second quarter, better than analysts anticipated. In the first three months of the year, the economy shrank at a pace of 6.4 percent, the steepest slide in nearly 30 years.
Despite the improving outlook, the economy still faces significant hurdles. Analysts worry that difficulty for consumers in borrowing, unemployment and a still-weak housing market will choke off growth. Key reports next week on manufacturing, housing, employment and the service industry could also reshape the market's view about where the economy is headed.
"I don't think this is a one-way staircase back up to where we came from. I fully expect potholes along the way," Schweitzer said.
For now, companies aren't hemorrhaging money like they were last fall and early this year. Traders began the latest rally July 13 when they rushed to buy stocks ahead of a strong profit report from Goldman Sachs Group Inc. The bank's profit turned out to be huge, and strong report cards since then from companies like AT&T Inc. and microchip producer Intel Corp. confirmed that a range of companies were finding their footing.
Three of four companies in the S&P 500 index have reported results that topped analysts' expectations, according to Thomson Reuters. About 300 of the 500 companies have turned in their reports.
That unexpected bounty has pushed major market indexes to their best levels of the year. On July 23, the Dow rose above 9,000 for the first time since January. The rally pushed the Dow back into the black for the year and it is now up 4.5 percent.
The Nasdaq traded above 2,000 and the S&P 500 index neared the 1,000 mark, a level not seen since November.
"We're on the edge between recovery and speculation," said Rick Lake, portfolio manager of Aston/Lake Partners LASSO Alternatives Fund in Greenwich, Conn.
Lake said the market's ability to bounce higher in July even after getting bad news signals that many investors are looking to jump on the rally.
Major stock indexes surged off 12-year lows in early March to rally almost 40 percent by mid-June before stumbling until July's earnings reports restored hopes for a rebound in the economy.
Investors have been putting money into areas that are expected to do well in a recovery. Materials companies in the S&P 500 index rose an average 12 percent for the month. Aluminum maker Alcoa Inc. jumped 13.8 percent.
By comparison, energy company stocks rose only 3.6 percent. Oil posted its first monthly drop since January as stockpiles remain high. Exxon Mobil Corp. edged up only 0.7 percent.
Analysts credit some of the buying to short-covering, in which investors have to buy stock after having earlier sold borrowed shares in a bet they would fall. That can make doubts into short-term buyers and give an artificial lift to stocks.
Investors still have plenty to worry about. The GDP report found that consumers cut spending by 1.2 percent in the second quarter, after a 0.6 percent increase in the first quarter.
The unemployment rate stands at a 26-year high of 9.5 percent, and the Federal Reserve predicts it will top 10 percent by the end of the year.
Unemployment often recovers after the economy starts to but hesitant consumers could make it harder for the economy to grow. In downturns over the past 60 years, the S&P 500 index has hit bottom an average of four months before a recession ended and about nine months before unemployment hit its peak.
Fed:
Wall Street banks are reaping outsized profits by trading with the Federal Reserve, raising questions about whether the central bank is driving hard enough bargains in its dealings with private sector counterparties, officials and industry executives say.

Bonds & Oil:
In other trading Friday, bond prices rose. The yield on the benchmark 10-year Treasury note fell to 3.48 percent from 3.61 percent late Thursday.
Crude rose $2.51 to settle at $69.45 a barrel.
What to expect:
On tap for next week, we've got July auto sales, ISM readings on both the manufacturing and services industries, personal spending, chain-store sales and the big finale: The July jobs report on Friday.
Latest News:
Top U.S. officials said on Sunday more steps may be needed to firm up economic recovery -- including extended jobless benefits -- and declined to rule out future tax increases to tame massive budget deficits.
Asia:
Asian stock markets were mixed Monday, with some helped by a better-than-expected performance for the U.S. economy. In Tokyo, Mitsubishi UFJ Financial Group was lifting banks after it reported a sharp rise in profits.
"Trading may be directionless as investors are likely to stay on the sidelines before U.S. indicators such as ISM manufacturing index due later in the global day," said Kazuhiro Takahashi, general manager at Daiwa Securities SMBC.
The Dow Jones Industrial Average rose 0.2% Friday, supported by news U.S. GDP declined 1.0% in the second quarter, compared with expectations for a 1.5% decline.
But previous data was revised lower with the first quarter contraction revised to 6.4% from 5.5%. David Rosenberg, chief economist at investment firm Gluskin Sheff said it was premature to call for an end of the recession merely on the prospect of a positive third-quarter GDP result.
"It may not be lost on anyone that the four consecutive quarters of economic contraction was unprecedented in the post-WWII era; ditto for the -3.9% year-on-year trend. In other words, while nobody is willing to go out on the limb and call this a depression...This does go down as the worst economic performance both in terms of duration and intensity since 'The Great Depression'."
Japan's Nikkei 225 was 0.1% lower while Australia's S&P/ASX 200 was up 0.1%, South Korea's Kospi Composite was flat, New Zealand's NZX-50 was 0.5% higher. DJIA futures were about two points higher in screen trade.
Japanese banks were supporting the Tokyo stock market as Mitsubishi UFJ Financial Group surged 3.9%, after it reported late Friday that net profit for the April-June quarter rose 48% from a year ago. Mizuho Financial Group was up 2.3% while Resona Holdings was 3.7% higher.
Australian banks were pulling higher as Goldman Sachs JBWere upgraded major banks to reflect a more optimistic macroeconomic outlook, in line with similar upgrades last week by Citigroup. NAB was up 3.6%, ANZ was 3.9% higher, while Westpac gained 2.3%.
"The market is being led up by the banks but it's fairly quiet overall because of the (New South Wales) bank holiday," said Macquarie Private Wealth Senior Private Client Adviser Marcus Droga.
The Korean stock market was caught between bargain hunting in laggards in the petrochemical and shipping sectors and profit-taking in recent gainers in the banking and tech sectors.
LG Chemical was up 2.0% while STX Pan Ocean gained 1.6% while Hynix lost 1.4% and Hana Financial fell 0.9%.
Ssangyong Motor was 15% limit-down, after talks between the union and management aimed at ending a prolonged industrial dispute collapsed Sunday.
In New Zealand, heavyweight Telecom was up 2.5%, near a 10-month high, and underpinning the market. Rakon was 2.1% higher and Nuplex gained 1.9%.
In foreign exchange markets, improved risk appetite was helping the euro, which rose to a two-month high against the dollar while the Australian dollar touched US$0.8387, a fresh high for the year. The New Zealand dollar jumped to US$0.6652, its highest level since October 3.
The euro was last at $1.4262, from $1.4255 in late New York trade Friday, and at Y135.19 from Y134.95. The dollar was at Y94.80 from Y94.66.
"While the reflation trade will continue to suffer periodic setbacks in the third quarter, both the yen and the buck remain vulnerable to renewed selling pressures when optimism picks up. This is an important data week, and will help determine whether the reflation trade continues," said analysts at Brown Brothers Harriman in a note.
Japanese government bonds were lower as a result of hedging ahead of Tuesday's 10-year auction, said Deutsche Bank strategist Makoto Yamashita. The lead September futures contract was down 0.18 at 137.94 points, and the 10-year cash bond yield was 0.10 basis point higher at 1.42%.
The results from the auction do not appear promising, Yamashita said: "If the market trend were strong the 10-year auction would be good, but now JGB market circumstances aren't good, risky assets like equities or commodities are on an upward trend, and the issue amount of 10-year bonds has been increased."
Spot gold was up 30 cents at $954.05 per troy ounce. The September Nymex crude oil futures contract was up 20 cents at $69.65 per barrel.
Asian stocks were mixed in the morning session Monday, with some markets helped by a better-than-expected performance for the U.S. economy.
In Tokyo, Mitsubishi UFJ Financial Group was lifting banks after it reported a sharp rise in profits. 
Japan's Nikkei 225 Average [JP;N225  10328.32    -28.5098  (-0.28%)   ] inched down 0.2 percent, with investors cautious ahead of more corporate earnings reports, but banks rose after Mitsubishi UFJ Financial posted its first profit in three quarters. Companies scheduled to announce results on Monday included Panasonic, Astellas Pharma and Suzuki Motor. Investors also awaited Toyota Motor's earnings report due on Tuesday.
Nissan Motor Co. (7201) shares rose as much as 45 yen to hit 734 yen early Monday morning, setting a year-to-date high for the second straight trading day.
Toyota Motor Corp. (7203) shares rose for the third straight trading day Monday, climbing 110 yen from Friday at one point to 4,100 yen.
Tokyo stocks were mixed Monday morning, with some investors taking profits amid caution about an overheated market while others bought on boosted confidence over corporate performance after upbeat quarterly earnings and forecasts last week. 

HSI 20681.1 +107.77 +0.52% (08.34 AM IST)
Hong Kong stocks rose on Monday morning, with the benchmark Hang Seng Index opening 9.35 points higher at 20,583.
The Hang Seng China Enterprise Index, which tracks the overall performance of 43 mainland Chinese state-owned enterprises on the Hong Kong Stock Exchange, opened 15 points higher at 12,139.
Sinotruk (Hong Kong) Ltd<3808> rose 0.78% and opened at HK$9.07. BYD Co Ltd<1211> increased 1.98% from the previous closing to HK$43.8.

Chinese stocks opened higher on Monday morning, tracking gains from the previous closing over the weekend.
The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened at 3,429.69 points, up 0.52% or 17.63 points from the previous closing.
The Shenzhen Component Index on the smaller Shenzhen Stock Exchange opened 0.47% or 64.37 points higher at 13,735.08 points.
China's manufacturing sector has expanded for the fifth straight month, fueled in part by a large government stimulus program.
China:
The monthly purchasing managers index edged up 0.1 points in July to 53.3 points, the China Federation of Logistics and Purchasing said Saturday. Any number above 50 indicates the economy is expanding.
New orders were unchanged at 55.5 points on the 100-point scale. New export orders jumped 0.7% to 52.1 points, suggesting some improvement in the economies of nations that import heavily from China.
Demand by Chinese firms lagged. The part of the index that measures imports fell to 48.9 in July from 49.9 in June -- a sign that domestic companies remain cautious in the face of a sharp global downturn.
China has the world's third-biggest economy behind the U.S. and Japan.
The second of two manufacturing purchasing managers indexes covering China showed the strongest growth in a year Monday, with the rise fueled by demand within the country rather than through exports.
CLSA Asia Pacific Markets said its China manufacturing PMI remained in expansionary territory for the fourth consecutive month in July, rising to 52.8, up from 51.8 in June.
The expansion was the fastest since May 2008, prompting manufacturing companies to recruit additional workers for the second straight month, CLSA said.
"Manufacturing activity continues to accelerate and importantly, orders growth is being driven by the internal economy," said CLSA's head of economic research Eric Fishwick.
Fishwick said export demand was "lackluster," reflected in part by a weak pricing environment for exported goods.
The PMI showed companies lifted prices in July for the first time in almost a year. It also found manufacturers recorded rises in input-price inflation for the first time since September.
The CLSA data came just days after the China Federation of Logistics and Purchasing released its own PMI, showing a slight rise of 0.1 point in July to 53.3.
The CFLP version, however, showed a more sizeable growth in export-driven demand, with new export orders up 0.7% to 52.1 points.
Roubini Says Commodity Prices May Rise in 2010
Commodity prices may rise further in 2010 as the global recession abates, said Nouriel Roubini, the New York University economist who predicted the financial crisis.
"As the global economy goes toward growth as opposed to a recession you are going to see further increases in commodity prices especially next year," Roubini said today at the Diggers and Dealers mining conference in Kalgoorlie, Western Australia. "There is now potentially light at the end of the tunnel."
The Reuters/Jefferies CRB Index of 19 commodities gained 12 percent this year as government stimulus packages boosted demand. Oil has jumped 56 percent in 2009 and copper surged 86 percent.
Roubini, chairman of Roubini Global Economics and a professor at NYU's Stern School of Business, joins former Federal Reserve Chairman Alan Greenspan in seeing signs of recovery. Greenspan said yesterday the most severe recession in the U.S. in at least five decades may be ending and growth may resume at a rate faster than most economists foresee.
Roubini predicted on July 23 that the global economy will begin recovering near the end of 2009 before possibly dropping back into a recession by late 2010 or 2011 because of rising government debt, higher oil prices and a lack of job growth.
Economic growth in China, the world's biggest metals consumer, accelerated in the second quarter, gaining 7.9 percent from a year earlier.
China, the biggest contributor to global growth, overtook Japan as the world's second-largest stock market by value on July 16 after the nation's 4 trillion yuan ($585 billion) stimulus package spurred record lending and boosted prices of shares and commodities.
China will meet its target of 8 percent growth in gross domestic product this year, Roubini said.
Prices, Recovery
The Reuters/Jefferies CRB Index jumped 3.9 percent on July 30 to 253.14, the biggest gain since March 19.
"That recovery will continue slowly, slowly over time," Roubini said today.
Manufacturing in China climbed for a fifth month in July as the stimulus spending and subsidies for consumer purchases countered a collapse in exports and helped companies from chipmaker Semiconductor Manufacturing International Corp. to automaker General Motors Corp. as well as mining companies such as BHP Billiton Ltd. and Rio Tinto Group.
Vale SA, the world's biggest iron ore producer, said demand for metals is starting to recover and it will begin boosting output. Vale Chief Financial Officer Fabio Barbosa said on July 30 that "the worst is over".
The U.S. economy, the world's biggest, is likely to grow about 1 percent in the next two years, less than the 3 percent "trend," Roubini said last month. President Barack Obama said on July 30 the U.S. may be seeing the beginning of the end of the recession.
 
MARKET BUZZ:
 
(May not be useful for day-traders.)

Abbott Labs-In A Mood To Grow

BSE 500488; CMP Rs 499.50
 
 
 
Abbott Laboratories says it is buying the nutritional brands business from India-based Wockhardt for $130 million in a bid to expand its market. The unit makes infant formulas, weaning foods and adult protein supplements. The deal also includes manufacturing facilities in Lalru and Jagraon, India.
 
Under the deal, Abbott acquires about 600 employees in India, adding to its 1,500 employees across that nation.
 
The acquisition is set to close during the second half of the year and may become earnings accretive from the February 2010 financial.

(Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.)
 

FII DATA
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 31-Jul-2009 2875.31 2293.19 582.12
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 31-Jul-2009 1642.11 1326 316.11
 

 

--
Arvind Parekh
+ 91 98432 32381