OUTLOOK FOR THE DAY June 16th, 2011
The Indian markets are likely to open on a negative note on ahead of the Reserve Bank of India's (RBI) 2011-12 mid-quarter monetary policy review due today. It is widely expected that this time around also RBI would at least hike Repo Rate by 25 bps. Asian stocks fell for a second day, the cost of insuring the region’s debt jumped to a six-month high, and the euro traded near a three-week low against the dollar on concern that debt-ridden Greece will default.
U.S. stocks sank the most in two weeks, almost erasing the 2011 gain for the Standard & Poor’s 500 Index, and the euro slid the most in more than a month amid rising concern that Greece will default and evidence that the American economy is slowing. Treasuries rallied. As per provisional figures, foreign institutional investors (FIIs) sold shares worth a net Rs 170.56 crore on Wednesday, 15th June 2011. Domestic institutional investors bought shares worth Rs 141.14 crore on that day.
INTERNATIONAL MARKETS:
INDEX CLOSING (SPOT) CHANGE (%)
US MARKETS
NASDAQ COMPOSITE 2631.46 -1.76%
DOW JONES 11897.27 -1.48%
ASIAN MARKETS (8.15 a.m)
HANG SENG INDEX 22014.91 -1.47%
SHANGHAI COMP. IND 2687.47 -0.66%