MARKET TODAY
Domestic markets are poised to open higher after a solid U.S. economic data rekindled hopes the world economy was healing. Traders will be keen awaiting IIP data for further cues on domestic growth. India's industrial output is likely to have shrunk marginally in April from a year earlier. However volatility may be high as investors may remain cautious after recent surge in Indian stocks and consistent buying by foreign funds may keep sentiment upbeat.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 581.35 crore and sold index options worth Rs 347.7 crore. They were net buyers of stock futures to the tune of Rs 156.27 crore while sold stock options worth Rs 25.32 crore.
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