AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

Indian stocks could decline from current levels this week as overseas sentiment for emerging markets seems to have dipped, dealers said. India's Mumbai stock exchange fell 3.4 percent in the past week, the sharpest decline in the past six months.
The exchange's 30-share benchmark Sensex index shed 289.8 points to 8,201.73 on Friday from 8,491.56 a week ago.
Overseas funds have been net sellers of Indian shares in October for the first time this year at 136.5 million dollars. But overseas funds remain net buyers on the year with investments of 8.45 billion dollars.
"The worst is not over. We expect to see more choppiness this week as the corrective phase has set in. There could be buying opportunities at lower levels though we would advise investors to exercise caution at these levels," said Hemen Kapadia, partner at investment advisory firm Morpheus Inc.
Technical analysts now say the next crucial level for the benchmark Sensex is 8,100 points and then 7,850.
Infosys Technologies and Tata Consultancy Services, India's two largest software companies, posted strong earnings last week for the quarter ended September 30.
Other leading Indian companies are expected to report strong earnings this month linked to a booming economy which grew 8.1 percent in the quarter ended June 30.
"If the markets remain choppy select stock buying may be seen this week," said a fund manager with a leading domestic brokerage.
Dealers said that earnings will be the main focus of the market for the rest of the month with several major companies, including Reliance Industries, yet to report quarterly numbers.

Copyright Agence France-Presse, 2005

Comments

Comments are closed.