Hi
Here's NSE figure
FII trading activity on NSE and BSE in the Capital Market segment(In Rs. Crores)
Date--- Buy Value--- Sell Value ---
Net Value
23-Jun-2006--- 943.59--- 900.94---
42.65
And SEBI figure
Reporting Date ---- Gross Purchases(Rs Crores)---- Gross Sales(Rs Crores)---
Net Investment (Rs Crores)--- Net Investment US($) million at month exchange rate
23-JUN-2006---- 1359.60---- 1562.20----
(202.60)---- (44.60)
And MFs
Date ----buy----sell----net
22.06.06---
500.24---416.99---83.25
TRADE STATISTICS FOR 23-Jun-2006
No. of trades 3,134,189
Traded Qty. (lakh shares) 2,841.00
Traded Value (Rs. crores) 6,445.72
Well, rise on a subdued volume.It may not convince many. As per NSE FIIs are net buyer but by smaller amount. SEBI says they are net seller(It may include previously unreported figures)
So let us see AD Ratio
Advances---
455 --- Declines ---
466 --- Unchanged ---
17.
Well quite across the board and evenly matched.I would think quite secular.
So let us see what nifty ADR is
Advances / Declines
Advances 31
Declines 18
Unchanged 1
Oh situation changes in favour of rise. Is it what Ravi said ??Only Reliance. Rumours of Bonus. May be. But I would love to think otherwise.
Others may like to give more elaborate comments on the whole situation. But one thing is clear that by the time we pronounce,if at all, that uptrend is in place, never in doubt, we will see that it is racing ahead.
No advice from me. Just the raw data. Analyse youself.
Without being exuberant let us see what global market situation is
Europe finally ended in red except for one or two indices.
In Asia china India and Indonesia ended positive. All others in red only
Dow---36.42 (0.33%) and Nasdaq ---6.88 (0.44%) has started in red.
Investors have two days ahead to setle their mind. Next weak D-Day is approaching. There will be tryst with bernanke and one event will be out of reckoning for the time being.
Bond yields are stated to have increased. So money will fly to such securities in USA. That may be one reason why Dow is subdued. Indians might take sentimental hits on monday.
Pankaj