Foreign funds have made heavy purchases of Indian stocks over the past 2-1/2 months. Foreign funds have bought equities worth a net Rs. 7028.83 crore so far this month, till 20th August 2010, absorbing selling of Rs. 3149.57 crore from domestic funds, as per data from the stock exchanges.
Foreign funds had bought shares worth a net Rs. 8320.50 crore in July 2010, absorbing selling by domestic institutional investors. Domestic funds sold shares worth a net Rs. 6323.13 crore in July 2010.
Foreign funds had pumped in Rs. 7713.97 crore in equities in June 2010, absorbing selling by domestic funds in that month. Domestic funds had dumped shares worth a net Rs. 4777.05 crore in June 2010.
Today (Monday, the 23rd August, 2010) most of the markets end lower on global growth worries.
Asian stock markets continued to back off today, extending their recent spree of losses as the worries about a fragile global economy resurfaced yet again. The markets ended mostly lower with the US dollar continuing to witness steady safe haven buying and keeping the risky assets in check. The global stocks took a hit on Friday after calls by a European Central Bank official for more economic aid indicated the region's deficit crisis may take longer to solve. The US dollar rose to a fresh six week high thereafter and commodity prices slipped.
Shared some market views by some reputed broking agencies on Acrobat Reader. Kindly go through the links:
i) India Strategy from Morgan Stanley: https://acrobat.com/#d=cZMi0rYML7cu1PcNqhhBqgii) Daily Derivative Wrap from Anagram: https://acrobat.com/#d=Be*Gc*lpIpP2QwOdUuzmmw
iii) Weekly Indices Report (Technical) from Indsec Securities and Finance Ltd.: https://acrobat.com/#d=9pdOc7xRz1HjxKWjeS7KgQ
iv) Weekly Review from Angel Broking: https://acrobat.com/#d=VKKcvUwnT4l7bo7u-TAJ6g
