Published on Mon, Jul 13, 2009 at 08:19 | Source : CNBC-TV18
Updated at Mon, Jul 13, 2009 at 10:47
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Mkts remain technically weak, could hit 3800
The markets fell sharply in late trade on Friday. Correction may be due to stoploss trigger. The market remained technically weak and it could hit 3800.
The markets fell sharply in late trade on Friday. Correction may be due to stoploss trigger. The market remained technically weak and it could hit 3800.
Here is a transcript of Research Analyst, Varinder Bansal's comments on CNBC-TV18. Also watch the accompanying video.
Market cues
The markets fell sharply in late trade on Friday. RIL and HDFC contributed to 40% of Nifty's fall. 40% of Nifty's total volume traded in the last half an hour.
Correction may be due to stoploss trigger. The market remained technically weak and it could hit 3800.
Global cues
Asian markets opened lower.
Dollar Index was up 0.7% and rupee depreciated 2.2%. Crude was down 11.6% and gold fell 2% last week.
Fund flows - July 10
FIIs were net sellers to the tune of Rs 903 crore while DIIs net bought Rs 886 crore in the cash market on July 10 (provisional data).
FIIs net bought Rs 814 crore in F&O. FIIs net bought Rs 676 crore in Stock Futures; where in OI (open interest) was down by 5,457 contracts.
Here is a transcript of Research Analyst, Varinder Bansal's comments on CNBC-TV18. Also watch the accompanying video.
