MARKET TODAY
Market is likely to open flat today as investors shy away from risk after renewed concerns about the global banking sector and a gloomy global growth forecast by the IMF. Earnings season has kept the global equities under pressure. Inflation data to be released by noon today, will be closely watched. However, Intra-day volatility can't be ruled out but as the Reliance pack will be coming out with earnings reports, any positive surprises on that front might improve the investors’ sentiments.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 556.21 crore while bought index options worth Rs 49.63 crore. They were net buyers of stock futures to the tune of Rs 182.08 crore while sold stock options worth Rs 23.48 crore.
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