MARKET TODAY
Key benchmark indices are likely to gap-down open due to extremely weak global cues following the Obama administration announcing a new plan to curb risk. Wall Street stocks tumbled yesterday, after US President Barack Obama unveiled plans to limit the size and scope of US banks and finance firms. Asian stock markets also traded in deep red, with investors tracking Wall Street cues and dumping stocks cutting across various sectors. Among the key Q3 December 2009 results for the day include Bharti Airtel, Reliance Industries, ITC, Punj Lloyd and Tech Mahindra.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 3881.79 crore, while they bought index options worth Rs 2010.76 crore. They were net sellers of stock futures to the tune of Rs 411.40 crore and bought stock options worth Rs 20.73 crore.
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