MARKET TODAY
Key benchmarks are set to open higher on account of short covering after irrational exuberance in the run-up to the budget led to a steep fall in the previous session. The disappointment over the budget resulted in sell-off on the bourses yesterday that was accompanied by heavy volumes. The Sensex tanked 869.65 points or 5.83% to 14,043.40. However, the market may turn volatile as the session progresses.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 982.79 crore and sold index options worth Rs 599.61 crore. They were net sellers of stock futures to the tune of Rs 172.3 crore while bought stock options worth Rs 9.33 crore.
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