Market may remain weak in the Coming Week
The market might extend Friday’s sharp fall on gloomy domestic and global scene. What could be the reasons as per me:
Look at some of these:
- Higher crude oil prices,
- Rising inflation,
- Weak industrial production numbers,
- Fears of further rise in interest rates,
- Fuid domestic political situation,
- Tension in Middle East.
In the light of above worries, foreign institutional investors (FIIs) sold shares worth Rs 1,012.20 crore in the month of July 2008 so far, till 9 July 2008. FIIs sold shares worth Rs 26,477.50 crore in the calendar year 2008. Mutual funds have bought shares worth Rs 712.30 crore in the month of July so far.
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your sugg i will agri market up down neary 200 point