MARKET TODAY
Market to extend last two days gains due to positive global cues. Wall Street ended higher yesterday after positive news on corporate earnings despite disappointing data on US retail sales. Asian stock markets were trading mixed as a better-than-estimated revenue prediction from Intel Corp. that beat expectations, underscoring hopes for a 2010 tech sector recovery. However, stocks are expected to consolidate and remain sideways in the absence of any fresh triggers. Investors will closely watch Q3 December 2009 result from IT major Tata Consultancy Services (TCS) and banking majors HDFC Bank and Axis Bank due later in the day today.
According to data released by the NSE, in the last session, FIIs were buyers of index futures to the tune of Rs 410.04 crore and bought index options worth Rs 94.58 crore. They were net sellers of stock futures to the tune of Rs 242.19 crore and sold stock options worth Rs 8.24 crore.
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