MARKET SUMMARY
Key benchmark indices are likely to extend gain as Congress Parliamentary Party leader Dr Manmohan Singh readies to stake claim at the centre today. Mixed cues from global shores may keep the market movement subdued. However profit taking may not be ruled out after recent solid surge. Meanwhile, key government departments have drawn up a slew of proposals to populate an ambitious reform agenda for the first 100 days of Manmohan Singh's second term, as the re-elected UPA coalition talks up expectations and sets itself up to be judged early into its new stint in power.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 290.51 crore while bought index options worth Rs 1,410.69 crore. However, they were net sellers of stock futures to the tune of Rs 1,498.56 crore and sold stock options worth Rs 3.5 crore.
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