MARKET TODAY
Key benchmark indices are likely to open higher on expectations companies will report strong quarterly profit and the upbeat sentiment across global markets. SGX Nifty futures for September 2009 series traded in Singapore were up 50 points to 4947. Strong advance tax payment by India Inc in Q2 September 2009 may further aid sentiment.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 295.25 crore while sold index options worth Rs 125.76 crore. However, they were net buyers of stock futures to the tune of Rs 635.43 crore while sold stock options worth Rs 20.15 crore.
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