MARKET TODAY
Key benchmark indices are likely to open flat due to mixed cues from global shores. The SGX Nifty futures for April 2009 expiry were down 17 point in Singapore to 3429. Marketmen don't see a big downside in the short-term but volatility may persist due to uncertainty on the outcome of parliamentary elections. However stock specific activity will be high in companies that will be announcing their March 2009 quarterly results.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 238.9 crore and bought index options worth Rs 172.34 crore. They were net buyers of stock futures to the tune of Rs 233.92 crore while sold stock options worth Rs 3.46 crore
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