8 Jan 2008
Consolidation may continue
After a sharp fall on Friday, US indices closed flat on Monday. Dow Jones ended in gain of 27 points finding a crucial support at bottom level. Asian markets are also traded in mixed. Hangseng in green while Nikkei extended losses.
In our market we expect a consolidation after the record closing. Nifty has a near support at 6225, 6200 levels.
Crude price in international market fell down near to $95 a barrel.
FIIs were heavy net sellers for 1543 crores and DIIs bought for 327 crores in Indian capital market on Monday.
Consolidation may continue
After a sharp fall on Friday, US indices closed flat on Monday. Dow Jones ended in gain of 27 points finding a crucial support at bottom level. Asian markets are also traded in mixed. Hangseng in green while Nikkei extended losses.
In our market we expect a consolidation after the record closing. Nifty has a near support at 6225, 6200 levels.
Crude price in international market fell down near to $95 a barrel.
FIIs were heavy net sellers for 1543 crores and DIIs bought for 327 crores in Indian capital market on Monday.
Nifty January 2008 futures were at 6290, at a premium of 10.90 points as compared to spot closing of 6279.10.
The NSE's futures & options (F&O) segment turnover was Rs 70,004.57 crore, which was higher than Rs 67,181.45 crore on Friday, 4 January 2008.
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1 Jan 2008