MARKET TODAY
Key benchmark indices are likely to open with an upward gap, taking cues from an overnight recovery in the US stocks and positive Asian markets. The SGX Nifty futures for July 2009 expiry up 61 points to 4028 in Singapore also pointed to a positive start. However, the market may turn volatile as the session progresses as investors will take cues from the quarter ended June 2009 results of India Inc.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 271.96 crore while bought index options worth Rs 185.83 crore. They were net buyers of stock futures to the tune of Rs 313.52 crore and sold stock options worth Rs 2.51 crore.
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