MARKET TODAY
Key benchmark indices are likely to open on a subdued note tracking weak global cues and profit taking after last six days of gains. SGX Nifty futures for September 2009 series traded in Singapore were down 31 points to 4816. Market looks tired and needs positive news flow trigger to move higher from current levels. However, revival in India's annual monsoon and average industrial output data may cap fall.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 115.40 crore, while bought index options worth Rs 81.53 crore. However, they were net sellers of stock futures worth Rs 110.84 crore while bought stock options worth Rs 0.33 crore.
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