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Monday, March 26, 2007

FII: + Rs. 678, MF –Rs. 168


FII Gross purchases Rs 2707 Cr, Gross Sellers Rs 2028 Cr, Net Buyers Rs 679 Cr.
MF Gross Purchases Rs 499 Cr, Gross Sellers Rs 667 Cr, Net Sellers Rs 168 Cr.

Our View:

Thats a big number for the FIIs however the selloff indicates that the confidence was missing.Markets continue to trade near the upper range of the Trading range. Global cues will remain important Near term however the FNO expiry will create the volatility.