MARKET TODAY
Key benchmark indices are likely to open flat to positive on the back of mixed Asian cues this morning. Midcap and smallcap stocks have been rallying and are likely to extend gains. Investors may also book profits after recent sharp rally in Indian stocks. However volatility may remain high this week ahead of the expiry of May 2009 futures and options (F&O) contract on Thursday, 28 May 2009.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 767.13 crore and sold index options worth Rs 67.71 crore. They were net sellers of stock futures to the tune of Rs 243.46 crore and sold stock options worth Rs 8.17 crore.
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