MARKET TODAY
Key benchmark indices are likely to extend gain after a slew of manufacturing data boosted hopes the world economy is stablizing. India's manufacturing activity expanded in May to its highest level in eight months, reflecting a revival in domestic demand, but weak exports are likely to remain a drag on the economy. However, trading could be choppy as investor’s book profits after a rally since early March, but net buying by foreign funds may add to positive sentiment.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 405.77 crore and bought index options worth Rs 142.38 crore. However, they were net sellers of stock futures to the tune of Rs 313.58 crore and sold stock options worth Rs 28 crore.
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