MARKET TODAY
Key benchmark is likely to see open flat today as mixed global cues. On Friday, Indian market ended marginally higher following a profit-booking in the last hour of trade. Finally the Sensex advanced 75 points, or 0.7%, to close at 11,023 and the Nifty ended higher by 14 points at 3,384. Markets across the globe had moved up sharply last week on expectations global economy would soon be back on track. Volatility may heighten on the bourses with investor focus likely to be on the March 2009 quarterly earnings and the Reserve bank of India's meeting on 21 April 2009 to review interest rates. Stock specific action is also likely with a spate of corporates set to unveils their fourth quarter results.
According to data released by the NSE, in the last session, FIIs were the net sellers of index futures to the tune of Rs 396.21 crore and sold index options worth Rs 136.57 crore. They were net buyers of stock futures to the tune of Rs 103.15 crore while sold stock options worth RS 60.04 crore.
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