Thursday, August 20, 2009

MARKET OUTLOOK IN MORNING


MORNING MANTRA
The market may open in green on positive global cues. The Central Statistical Organisation (CSO) will today unveil inflation data for the year through 8 August 2009. Asian stocks gained, led by energy and finance companies, as oil prices rallied and QBE Insurance Group Ltd. reported higher first-half profit. U.S. stocks rose on Wednesday, shaking off a slide in China's equity market, as investors responded favorably to a surprising drop in crude oil stockpiles that might suggest an improving demand outlook.According to provisional data on NSE, foreign funds sold worth a net Rs622.06 crore on 18 Aug’2009. Domestic funds bought shares worth a net Rs 83.77 crore on that day

No comments: