MARKET TODAY
Indian market is likely open flat mirroring the weakness across the world markets. Wall Street ended mixed as the market digested a disappointing report on private-sector jobs and Federal Reserve minutes showing concern about high unemployment. Asian stock markets were trading rangebound in cautious trade, following the mixed finish on Wall Street overnight. Markets are likely to consolidate after a strong rally in the recent sessions. However, volatility may remain high as investors may look to cash in some profit after recent solid gains in indices.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 1970.39 crore, while they bought index options worth Rs 449.41 crore. They were net sellers of stock futures to the tune of Rs 253.47 crore and bought stock options worth Rs 40.96 crore.
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