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FII Gross purchases Rs 6910 Cr, Gross sales Rs 5827 Cr, Net Buyers Rs 1082 Cr.
MF Gross Purchases Rs 1011 Cr, Gross Sales Rs 1192 Cr, Net Sellers Rs 181 Cr.
As per provisional data, FIIs sold shares worth a net Rs 647.10 crore on Friday, 14 December 2007. Domestic institutional investors bought shares worth a net Rs 105.18 crore on that day.
FIIs were net sellers of index futures worth Rs 1359.88 crore on Friday. They were net sellers to the tune of Rs 50.63 crore in index options on that day. FIIs net sold stock futures to the tune of Rs 785.05 crore. They net sold individual stock options to the tune of Rs 10.71 crore.
We expect a softer opening today and another volatile day for the market today. The main attraction will be outside the key indices.Today, Nifty has support at 5,923 and resistance at 6,102 and BSE Sensex has support at 19,680 and resistance at 20,125
Indian midcaps/smallcaps are in no mood to listen to the global music, continue to flare up. Though the run up is broad based the intensity of the run up is definitely a cause of concern. Operator driven stocks are running crazy leaving behind the valuations. Extreme caution is adviced in rumour based stocks and remember history repeats but trying to time the fall is not advisable
Indiabulls Financial will be in action as the Delhi High Court has cleared its demerger plans.
HOT PICKS - INDIA CEM,RDB INDUSTRIES,FORTIS HEALTHCARE,FINOLEX INDUSTRIES
Market: News for the day...
1) Ford set to announce Tata Group as preferred bidder for Jaguar and Land Rover.
2) Tatas eye UK investment bank Close Brothers. Tata among six others suitors.
3) IFCI board meet today, sets conversion price of Rs 107 for FIs, 3 firms Shinsei-PNB, Sterlite-Morgan and Cargill-Texas in fray.
4) Lanco Infra to create holding co for verticals and appoints AT Kearney & E&Y to recommend changes.
5) NSE F&O curb: Alok Industries, Neyveli, TTML, Power Grid, Rajesh Exports, Essar Oil, MRPL, Gitanjali Gems, Nagar Fert, Hotel Leela, Bongaigaon, Adlabs, and GMR Infra. Out of curb: Oswal Chem, Parsvnath, IFCI, Arvind Mills.
6) Phoenix Lamps eyes Surya Roshi's lightining biz.
7) Bajaj Auto Demerger - hearing in Bombay HC concludes; HC to issue order on Monday.
8) Govt may rein revenue sharing agreement to compensate GMR lead consortium for possible loss of revenues due to proposed Greater Noida airport.
9) SBI eyes more banks abroad.
10) Bid for Govt's 36.7% stake in Gujarat Alkalies will be invited post elections.
11) Jindal Drilling: To make pref issue of 1.2 m shares to Citigroup at Rs 1,280/share. Jindal Drilling Issue to Citi represents 10.47% of post-issue cap.
12) Era Infra Engineers open offer at Rs 615/sh.
13) General insurance to get full pricing freedom from Jan 1.
14) India Glycols acquires Shakumbari Sugar and Allied Ind for Rs 47 cr.
15) Power Grid gets finance ministry clearance to procure USD 1600m loan from World Bank and ADB.
16) Coal India hikes prices by 10-15%.
17) Mold-Tek will sell 10% in KPO unit to PE firms.
18) ABG Shipyard to raise USD 200m for expansion.
19) Cummins India eyes USD 2bn auto sourcing deals.
20) Colgate to resume trading and would be part of NSE F&O; lot size 550 shares; options strike prices between Rs 80-680.
21) Manaksia IPO opens today; offer of 1.55 cr shares; price band Rs 140-160.
22) Precision Pipes IPO opens today; offer of shares up to Rs 75 cr; price band Rs 140-150.
23) Porwal Auto Components IPO opens today; offer of 50 lakh shares; price band Rs 68-75.
24) Phoenix Mills board meet on Dec 19 on stock split.
25) Mahindra Holidays & Resorts India files DRHP for IPO of 1.07 cr shares.
26) Allied Digital: Likely to close about USD 5 m domestic co buy in Dec. Sees FY09 revenue at Rs 650 cr; profit at Rs 75 cr.