Market today : 30th July 08'

It was like Mr Reddy was ready to give a serious blow and the market opened in RED as I mentioned and CRR and Repo hike was the real culprit for such a cruel finish, but past is past enough corrections has been done and valuation of our market doesn’t look costly now so a bounce back is required and the global cues and crude are well in support for the bounce back, though in momentum market may open flat with 20-30 points up in Nifty but will soon recover to a good gain. Asian markets are also due for recovery and are expected to open in green giving another positive cues to our market. F & O expiry is just after one day so cautious approach of investors may be seen.
Total turnover traded by markets stood at Rs 82,073.60 crs. This includes Rs 12,179.76 crs from NSE Cash segment, Rs 64,804.21 crs from NSE F&O and the balance Rs 5,089.63 crs from BSE Cash segment.
4200 in Nifty and 13800 in Sensex is the strong support level in Nifty and Sensex respectively, and it is expected that the market will hold that support as soon as it opens. Market range whole day is expected to be between 4140-4325 in nifty and 13600-14140 in Sensex.
Daily Trends in FII Investments on 29-JUL-2008
DEBT/EQUITY
Gross Purchase(In Crs)
Gross Sales(In Crs)
Net Investment
Equity
1696.80
2306.10
-609.30 Crs
Debt
33.50
323.00
-289.50 Crs

Daily Trends in MF Investments on 28-JUL-2008
DEBT/EQUITY
Gross Purchase(In Crs)
Gross Sales(In Crs)
Net Investment
Equity
851.60
647.90
203.70 Crs
Debt
1096.90
667.00
429.90 Crs

"Note: The data pertains to all the activities undertaken by FIIs in Indian Securities Market, including trades done in secondary market, primary market and activities involoved in right/bonus issues, private placement, merger & acquisition etc".
Source : www.sebi.gov.in
WORLD MARKET TRENDS AT 00.15 HRS ON 30.07.2008
US Market-
Dowjones industrial average is at 11341.79 up by 210.71
Nasdaq is at 2316.53 up by 52.31
European Market
FTSE 100 is at 5319.20 up by 6.60
CAC 40 is at 4320.49 down by 3.96
DAX is at 6398.80 up by 47.65
Asian Market
Nekkei 225 is at 13159.45 down by 194.33
Straits Times is at 2886.56 down by 23.80
Taiwan Weighted is at 7014.47 down by 219.15
KOSPI is at 1567.20 down by 31.09
SET Composite is at 676.73 down by 8.80
Jakarta Composite is at 2278.68 up by 3.00
Shanghai Composite is at 2850.31 down by 52.70
HOT NEWS
Major news is the credit policy meet was today and RBI came with a surprise hike in Repo by 50bps and expected hike of CRR by 25 bps.
Crude is on its down side at 121$ down by more than 2%. Expectation of RBI that it may soar on tight demand supply ratio may be a far story now.
The RBI said the GDP (Gross Domestic Product) growth as per the revised estimate of CSO (Central Statistical Organisation) is at 9 % for the year ended 2007-08 versus 9.6 % in 2006-07.
Cairns has scored below expectation number in Q1.
Hot Sectors:-
Banks will certainly recover but Realty may still be in pressure
Power and Energy Sector will recover.
Pharma sectors will remain firm and flat.
Oil and Bas sector have already seen long unwinding as mentioned yesterday now due for its recovery.
Tea had a good day and a good future too. Kindly refer to the article TEA PARTY
Hot stocks:-
Stocks likely to gain on Wednesday Axis Bank, Reliance Industries, Reliance capital, Bank Of India, RPL, Suzlon , Reliance Infra and Chambal Fertilizers.
Stock likely to lose on Tuesday Cairns, Hero Honda and Balrampur chinni.
To select stocks to accumulate for long term go to blogs of gujjubulls to have a overall view on the stocks.
For intraday traders it is advised to take proper position before going for short or long market may open. Book profit in small gains.