MARKET TODAY
Market is likely to open lower tracking weak cues from global markets and ahead of the outcome of the general elections. Trading could be range bound on alternate bouts of buying and selling. While net buying by foreign funds and short covering may lead to some recovery. Meanwhile, the IIP data for March is likely to be release today. A CNBC-TV18 poll sees production likely to contract by 0.25% for March against contraction of 1.2% in February.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 184.19 crore while bought index options worth Rs 91.27 crore. They were net buyers of stock futures to the tune of Rs 209.80 crore while sold stock options worth Rs 13.94 crore.
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