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Re inches up; inflows seen strong (The Economic Times 2nd Jan 2008) Rupee inched up on Wednesday as the market anticipated sustained capital flows from overseas funds into local stocks this year to follow up their record purchases in 2007. At 9:40 am, the partially convertible rupee was at 39.40/41 per dollar, a touch stronger than the previous close of 39.41/42. It gained 12.3 per cent versus the dollar in 2007, to be the second-best performing Asian currency after the Philippine peso. More
FIIs net sellers of Rs 68cr in F&O (Business Standard 2nd Jan 2008)Foreign institutional investors (FIIs) were net sellers of Rs 68 crore in the futures & options (F&O) market on Tuesday, January 1.FIIs were net sellers of Rs 192 crore in stock futures and Rs 134 crore in index futures, but net buyers of Rs 258 crore in index options. More
FIIs net sellers of Rs 461cr in cash market (Business Standard 2nd Jan 2008) Foreign institutional investors (FIIs) were net sellers of Rs 461.41 crore (provisional) on Tuesday, according to data released by BSE. While FIIs made gross purchases of Rs 888.69 crore, gross sales totalled Rs 1,350.10 crore. More
Hang Seng down (The Hindu Business Line 2nd Jan 2008)Hong Kong stocks fell 0.65 per cent on Wednesday, their first trading day of 2008, with blue chip property stocks such as Cheung Kong and Hang Lung properties leading the slide. The benchmark Hang Seng Index opened at 27,632.20 on Wednesday, down 180 poi nts. More
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