RBI policy meet tomorrow

Banking stocks see buying ahead of RBI policy meet tomorrow 43% feel there will be a repo rate cut, 23% expect cut in reverse repo and 99% expect no change in CRR. The market has also seen buying in banking stocks ahead of tomorrowÿs meet lets hope better for tomorrow........

Msg by Mr Ravi S

Pre-Market Calls. 28.01.2008

Buy Videocon Industries at 551 T1 560 T2 565 SL 548

Buy Nicholas Piramal at 310 T1 318 T2 321 SL 306

FIIs continue selling

Foreign institutional investors (FIIs) sold shares worth net Rs 1351.20 crore on Thursday, 24 January 2008, compared to their selling of Rs 2499.90 crore on Wednesday, 23 January 2008.

FII outflow of Rs 1351.20 crore on 24 January 2008 was a result of gross purchases of Rs 5347.20 crore and gross sales Rs 6698.40 crore. The 30-share BSE Sensex declined 372.33 points or 2.12% to 17,221.74 on that day.

FII outflow in January 2008 totaled Rs 11294.90 crore (till 24 January 2008).

There are a total of 1,269 FIIs registered with the Securities & Exchange Board of India (Sebi).