MARKET TODAY
Key benchmark indices are likely to open higher with positive global cues boosting sentiment. The SGX Nifty futures for August 2009 expiry up 15 points to 4675 in Singapore. Meanwhile the likely progress of the ongoing gas dispute between the Ambani brothers ahead of the Supreme Court verdict on 1 September 2009 may also influence the markets. Short covering ahead of the F&O expiry may also help extend a 4-day rally.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 111.90 crore and bought index options worth Rs 289.08 crore. They were net sellers of stock futures to the tune of Rs 156.01 crore while bought stock options worth Rs 87.85 crore.
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