The market may head higher as the sentiment may be boosted after Reliance Power,, on Sunday evening 17 February 2008, announced bonus issue for its shareholders to compensate the losses they suffered when the company was listed a week ago. The company’s board will meet on Sunday, 24 February 2008, to decide bonus ratio. Most Asian markets were trading higher today.
Most Asian markets were trading higher today, 18 February 2008. Japan's Nikkei (up 1.28% at 13,797.28), Hong Kong's Hang Seng (up 0.63% at 24,300.44), Taiwan's Taiwan Weighted index (up 0.61% at 7,924.54), Singapore's Straits Times index (up 0.46% at 3,103.01). However South Korea's Seoul Composite index slipped 0.06% at 1,693.75
US markets ended Friday’s, 15 February 2008 trade on mixed note after economic reports offered bleak views on everything from manufacturing to consumer sentiment. The Dow Jones industrial average declined 28.77 points, or 0.23%, to 12,348.21. The S&P 500 index gained 1.13 points, or 0.08%, to 1,349.99. The Nasdaq Composite index was down 10.74 points, or 0.46%, to 2,321.80.
Back home, the 30-share BSE Sensex jumped 348.62 points or 1.96% at 18,115.25 on Friday, 15 February 2008. The broader CNX S&P Nifty was up 100.90 points or 1.94% at 5302.90 for the day.
The market ended its four week loosing streak to posting gains for the week ended Friday, 15 February 2008 as global markets rallied following an unexpected rise in US retail sales in January 2008. The BSE Sensex surged 650.36 points or 3.72% to 18,115.25 in the week ended Friday, 15 February 2008. S&P CNX Nifty rose 182.55 points or 3.56% to 5,302.90 in the week.
As per provisional data, foreign institutional investors (FIIs) purchased shares worth Rs 261.20 crore on Friday, 15 February 2008. Domestic institutional investors (DIIs) were net buyers of shares worth Rs 138.66 crore on that day.
FIIs were net buyers to the tune of Rs 174.42 crore in the futures & options segment on Friday, 15 February 2008. They were net buyers of index futures to the tune of Rs 205.57 crore and sold index options worth Rs 5.29 crore. They were net sellers of stock futures to the tune of Rs 40.30 crore and bought stock options worth Rs 14.44 crore.
India's wholesale price index rose 4.07% in the 12 months to 2 February 2008, marginally lower than the previous week's rise of 4.11%, government data released on Friday, 15 February 2008 showed.