MARKET TODAY
Market is likely to open gap-down today mirroring weak cues from the global markets. Yesterday market fell sharply lower as investors took profits after a 4% rally in the previous session and uncertainty loomed over the outcome of general elections. Finally, the Sensex finished the session sharply lower at 12,019, down 138 points or 1.14% and the Nifty finished to 3,635, down 46 points or 1.25%. Volatility is likely to be high today as the countdown to the outcome of the general elections begins. Heavy buying by foreign funds has bolstered sentiment on the stock markets. Foreign funds are aggressively buying Indian stocks. Inflation data to be released by noon today, will be closely watched.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 199.42 crore and sold index options worth Rs 201.03 crore. However, they were net buyers of stock futures to the tune of Rs 20.61 crore and bought stock options worth Rs 2.69 crore.
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