MARKET TODAY
Key benchmark indices are likely to gap-down open due to debt problems in Europe and an unexpected rise in U.S. jobless claims. Wall Street plunged yesterday as weak US data combined with heightened fears of debt problems in European Union countries sent shockwaves through the markets. Asian markets is trading sharply lower after the Dow tanked 2.6 percent on Wall Street overnight, after escalating sovereign debt problems in Europe and an unexpected rise in U.S. jobless claims sent investors running. Inflationary pressures and a less-than-enthusiastic response received for NTPC's FPO issue and continued FII selling also point towards further downside.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 196.62 crore, while they bought index options worth Rs 703.90 crore. They were net sellers of stock futures to the tune of Rs 342.04 crore and sold stock options worth Rs 7.84 crore.
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