MARKET TODAY
The Indian market is likely to open flat following a subdued trend in the rest of the global markets. The Union Budget 2009-2010 today will play a key role for further market direction as it will help to gauge the new government's policy stance. Market may show extreme volatility today amid alternate bouts of buying and selling. Sector specific action may be seen as finance minister may announce measures to support growth and incentives for sectors like infrastructure, auto, realty, textiles, education, agriculture, steel, healthcare among others.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 558.6 crore and bought index options worth Rs 20.78 crore. They were net buyers of stock futures to the tune of Rs 262.7 crore and bought stock options worth Rs 68.04 crore.
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