MARKET TODAY
Market is likely to open flat to positive taking cues from the mixed Asian markets. On Friday, Indian market ended with losses after profit booking emerged ahead of the election results. Traders disregarded other global markets which were in the green after the US banks stress test came out with no major surprises. Finally, the Sensex slipped 240 points to close at 11,876 and the Nifty fell 63 points to close at 3,620.7. Volatility is likely to be high on the Indian bourses in the run-up to the outcome of the general elections. Market participants may choose to remain on the sidelines till the results are announced which may keep the indices under pressure. Investors may also resort to profit taking after a recent sharp surge in prices.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 423.03 crore while bought index options worth Rs 482.53 crore. They were net sellers of stock futures to the tune of Rs 353.35 crore while bought stock options worth Rs 140.61 crore.
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