Flows in Equity Market,Date:11th June, 2013

The benchmark indices slumped to a 7 week low after the INR continued its slide (down to 58.98 intraday, the worst performance currency in Asia last month). Investors are growing increasingly worried that the weak rupee will prevent the RBI from cutting rates next week. News of the CBI filing 3 FIRs including one against the Chairman of Jindal Steel & Power, triggered selling in other metal names. Titan was sold as the RBI gave further clarification regarding the gold lease mechanism. Selling was prominent across all sectors baring Tech. The 52 week High/Low ratio worsened to 1:7. The volumes were up 36% over yesterday.