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Pre market and market news

  • Pre-mkt: Range-bound day likely (Business Standard 11th Dec 2007)The markets are likely to be open on a strong note and thereafter exhibit remain range-bound movement today. Profit booking at the higher levels cannot be ruled out as F&O players may not be willing to carry-forward their positions ahead of Fed Reserve meeting tonight.
  • Asian markets gain; Hang Seng up 374pts (Business Standard 11th Dec 2007)Asian markets are up this morning on hopes of Fed rate cut. The Hang Seng has surged 374 points to 28,875. The Nikkei has advanced 114 points to 16,038.
  • Dow gains 101pts; ADRs end mixed (Business Standard 11th Dec 2007)The Wall Street ended on a positive note yesterday on hopes of a rate cut in the Fed meet tonight. The Dow Jones industrial average rallied 101 points to 13,727. The Nasdaq gained 13 points to 2719.
  • Domestic institutions net sellers of Rs 230cr (Business Standard 11th Dec 2007)Domestic institutional investors (DIIs) were net sellers of Rs 230.15 crore (provisional) on Monday, according to data released by BSE. While DIIs made gross purchases of Rs 1,180.94 crore, gross sales totalled Rs 1,411.09 crore.
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