MARKET TODAY
Key benchmark indices are likely to open on a subdued note, as profit-taking and investor caution saw global markets pause. Volatility may remain high today as traders roll over positions in the derivatives segment from August 2009 series to September 2009 series, ahead of the expiry the August 2009 contracts today. According to government data released yesterday, inflation based on the wholesale price index (WPI) fell 0.95 % in the 12 months to 15 August 2009, its 11th successive fall compared to a 1.53 % decline in the prior week. However, all eyes are set on the Foreign Trade Policy that will be unveiled today. It is expected to contain sops for labour intensive sectors like gems and jewellery, textiles and leather.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 178.36 crore and bought index options worth Rs 131.14 crore. They were net buyers of stock futures to the tune of Rs 19.81crore and bought stock options worth Rs 105.26 crore.
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