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desidata
23-11-2007, 10:05 AM
The market is expected to stay sideways in absence of near term positive triggers. Market posted losses for sixth straight day yesterday, 22 November 2007. The Sensex slipped 76.30 points or 0.41% at 18,526.32 in highly volatile trade, on Thursday, 22 November 2007. The S&P CNX Nifty ended 41.7 points or 0.75% lower at 5,519.35.

Annual inflation data, based on the wholesale price index (WPI), for the week ended 10 November 2007 is due today, 23 November 2007. Inflation was up 3.11% in the week ended 3 November 2007, driven by higher prices of manufactured products and fuel.

Asian markets were trading mixed today, 23 November 2007. Hong Kong's Hang Seng (up 2.47% at 26,647.45), and Singapore's Straits Times (up 0.29% to 3,322.63) rose.

However, Taiwan's Taiwan Weighted (down 0.16% at 8,485.66) and South Korea's Seoul Composite (down 1.05% at 1,780.18) slipped.

US markets remained closed for Thanksgiving day yesterday, 22 November 2007.

As per provisional data, FIIs sold shares worth a net Rs 2487.71 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 1341.15 crore on Thursday, 22 November 2007.

Foreign institutional investors (FIIs) were net sellers to the tune of Rs 240.07 crore in the futures & options segment on Thursday. According to data released by the NSE, FIIs were net sellers of index futures to the tune of Rs 544.02 crore and bought index options worth Rs 154.75 crore. They were net buyers of stock futures to the tune of Rs 153.02 crore and sold stock options worth Rs 3.82 crore


Crude oil prices climbed back above $97 a barrel in thin trade on Friday, 23 November 2007 buoyed by the unrelenting decline in the US dollar. London Brent crude rose 35 cents to $94.85 a barrel, while U.S. light crude for January delivery stood at $97.35 a barrel.