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MFs selling for past few days to raise cash levels
Published on Thu, Nov 20, 2008 at 08:54 , Updated at Thu, Nov 20, 2008 at 09:51
Source : CNBC-TV18
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US markets breached October lows on Wednesday and closed at 5-year lows, as Federal Reserve cut economic growth forecasts for 2008 and 2009 in FOMC minutes. There are concerns over the fate of auto makers and housing market data was weak. Dow Jones ended down 428 points or 5.1% at 7997 and Nasdaq ended down by 97 points or 6.5% at 1386.4. S&P 500 closed down by 52.5 points or 6.1% at 806.5. Asian markets opened weak on US markets plunge. Inflation data will be announced today; CNBC-TV18 poll expects inflation at 8.82% versus 8.98%. FIIs were net selleres to the tune of Rs 265 crore in cash markets while DIIs were net buyers to the tune Rs 196 crore in cash markets (provisional) FIIs were net buyers to the tune of Rs 200 crore in F&O. MFs have been selling for past few days to raise cash levels. |
Here is a transcript of Nimesh Shah's comments on CNBC-TV18. Also watch the accompanying video.Messages on Market Outlook - Short Term
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Market Information
| Indian Indices | Nifty Futures | Global Indices | Market Map | FII Activity | MF Activity |
Markets Roundup
- Sectors
- Gainers/Losers
- World
| BSE Auto | 2523.51 | 25.19 |
| BANKEX | 5381.36 | 107.88 |
| Bank Nifty | 4906.70 | 77.85 |
| Capital Goods | 6679.42 | 329.35 |
| Consumer Durables | 1809.02 | 44.43 |
| BSE FMCG | 1993.96 | 24.11 |
| BSE Healthcare | 2872.75 | 13.40 |
| BSE IT | 2131.99 | 3.83 |
| BSE Metals | 5203.86 | 401.38 |
| Oil and Gas | 5777.59 | 166.82 |
| BSE PSU | 5184.22 | 68.59 |
| BSE TECk | 1800.05 | 34.32 |
| BSE Small Cap | 3555.60 | 106.92 |
| BSE Mid-Cap | 3120.79 | 77.12 |
| CNX Midcap | 3539.10 | 108.10 |
| Turnover (NSE) | Turnover (BSE) |
| FII Activity | MF Activity |
| Price | Change | |
| Nymex Crude | $ 40.36 | -0.47 |
| Re Vs $ | Rs 48.26 | -0.54 |
| US | ||
| Dow Jones (Jan 09) | 8599.18 | 143.28 |
| Nasdaq (Jan 09) | 1571.59 | 45.42 |
| Asia | ||
| Nikkei 225 (Jan 9) | 8836.80 | 39.62 |
| Straits Times (Jan 9) | 1806.02 | 21.59 |
| Hang Seng (Jan 9) | 14377.44 | 38.47 |
| Taiwan Index (Jan 10) | 4481.86 | 20.88 |
| KOSPI (Jan 9) | 1180.96 | 24.74 |
| Thailand SET (Jan 9) | 459.06 | 5.97 |
| Jakarta Composite (Jan 9) | 1416.67 | 14.01 |
| Shanghai Composite (Jan 10) | 1904.86 | 26.68 |
| Europe | ||
| FTSE (Jan 9) | 4448.54 | 56.83 |
| CAC (Jan 9) | 3299.50 | 24.83 |
| DAX (Jan 9) | 4783.89 | 96.02 |
Note: If the market is yet to open, values may show 0.00
