MARKET TODAY
Key benchmark indices are likely to open an upward note tracking rebound in Asian markets, ending their two-day losing trend. The SGX Nifty futures for July 2009 expiry advanced 47 points to 4460 in Singapore. Q1 results of India Inc will be in spotlight. Inflation data in the 12 months to 11 July 2009 will be released by the government today, 23 July 2009. Bargain hunting following losses in the previous two sessions may also offer some support, although profit taking is not ruled out.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 508.59 crore while buyers of index options worth Rs 462 crore. They were net sellers of stock futures to the tune of Rs 401.63 crore ans sold stock options worth Rs 3 crore.
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