The market is expected to consolidate at higher levels. Global cues were positive. Asian markets were trading higher today, 27 September 2007. Japan's Nikkei (up 0.17% to 16,429.76), Taiwan Weighted (up 1.44% at 9,236.29) and Singapore's Straits Times (up 0.17% at 3,631.05) rose.
Market may see volatility ahead of the expiry of September 2007 futures & options (F&O) contracts on Thursday, 27 September 2007.
US markets ended mixed yesterday, 25 September 2007 as investors grappled with concerns about consumer spending in some parts of the economy while technology stocks showed broad gains. The Dow Jones industrial average rose 19.59 points, or 0.14%, to 13,778.65. Broader stock indicators were mixed. The Standard & Poor's 500 slipped 0.52 points, or 0.03%, to 1,517.21, while the Nasdaq Composite rose 15.50 points, or 0.58%, to 2,683.45.
As per provisional data, foreign institutional investors (FIIs) purchased shares worth a net Rs 1496.14 crore, while domestic institutional investors (DIIs) were net sellers of shares worth Rs 516.43 crore on Tuesday, 25 September 2007
Crude oil prices rose on Wednesday, 26 September 2007 after three days of losses, with traders looking toward data expected to show a further decline in U.S. crude stocks. US crude for November delivery edged up 22 cents to $79.75 a barrel while London Brent crude gained 22 cents to $77.84 a barrel.
Sensex gained 53.71 points or 0.32% at 16899.54, a record closing high, on Tuesday, 25 September 2007. The S&P CNX Nifty gained 6.65 points or 0.13% to 4,938.85, a record closing high, on that day. It hit an all-time high of 4,953.90 in intra-day trade on that day.