The market may remain volatile in the coming week ahead of expiry of November 2007 derivatives contracts on Thursday, 29 November 2007. Outflow of funds by foreign investors may also weigh on sentiments. The market has been volatile over the past few days on concerns over the impact of the US sub-prime mortgage problems on the US economy. These concerns may continue to cast their shadow on the markets in the weeks to come.
As per provisional data, FIIs sold shares worth a net Rs 2487.71 crore on Thursday, 22 November 2007.
FII selling may continue in the near term as they may resort to year-end profit taking. FIIs follow calendar year as their accounting year.
India's wholesale price index rose 3.01% in the 12 months to 10 November 2007, below the previous week's rise of 3.11%, government data released on Friday, 23 November 2007, showed. The annual inflation rate was 5.39% during the corresponding week of the previous year.
The Q2 September 2007 results of India Inc. were decent to strong, which means that strong fundamentals would support Indian equities at declines. At the macro level, the India's economy is expected to post decent to strong growth for a long period of time, mainly due to favourable demographics.
As per provisional data, FIIs sold shares worth a net Rs 2487.71 crore on Thursday, 22 November 2007.
FII selling may continue in the near term as they may resort to year-end profit taking. FIIs follow calendar year as their accounting year.
India's wholesale price index rose 3.01% in the 12 months to 10 November 2007, below the previous week's rise of 3.11%, government data released on Friday, 23 November 2007, showed. The annual inflation rate was 5.39% during the corresponding week of the previous year.
The Q2 September 2007 results of India Inc. were decent to strong, which means that strong fundamentals would support Indian equities at declines. At the macro level, the India's economy is expected to post decent to strong growth for a long period of time, mainly due to favourable demographics.
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