MARKET TODAY
Key benchmark indices are likely to open higher backed by positive Asian markets and Wall Street stocks surged for the fifth straight session. Indices may move in a range and take further cues from June IIP data to be released today. The industrial output rose by a faster-than-expected 7.8% in June 2009 as against 5.4% in June 2008 and 2.2% in May 2009.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 495.53 crore and bought index options worth Rs 378.73 crore. They were net buyers of stock futures to the tune of Rs 209.09 crore while sold stock options worth Rs 12.73 crore.
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