Wednesday, November 2, 2011

Market Report

The OI of Nifty futures is far higher than the last few series at the beginning of the month.

And the interesting point to note is that the huge premium to the spot continues even when the markets are falling.

Markets continued to fall as Greek PM said EURO membership will also be in the Referendum.

Greece Govt- As cabinet agrees to referendum,vote to be held soon.

The Vote of Confidence to happen on Friday.

US Sources-The Greece referendum to happen before Christmas.

All the Asian Indices are trading negative following the global sell-off.

Nikkei Down by 1.92%
Hang Seng down by 1.22%
S&P/ASX 200 down by 1.48% at 07.45 AM IST.

SGX Nifty is trading at 5233 at 07.50 AM IST.

FTSE Futures trades 30 pts up at 8 AM IST.
DOW Futures trades at 80 pts up at 8 AM IST.