MARKET TODAY
Key benchmark indices are likely to open higher due to positive Asian markets. Wall Street lost ground yesterday as the markets saw subdued reaction to comments from Federal Reserve Chairman Ben Bernanke on an exit strategy from a massive stimulus and weighed prospects for a bailout of Greece. Asian stock markets traded mostly higher, despite modest losses on Wall Street as investors mulled a possible bailout of Greece and the Fed's exit strategy. Meanwhile, the government will today unveil data on some wholesale price indices for the year through 30 January 2010 viz. the food price index, the primary articles index and the fuel price index. However, volatility will remain high as investor sentiment still remains cautious.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 879.31 crore, while they sold index options worth Rs 142.44 crore. They were net buyers of stock futures to the tune of Rs 306.62 crore, while they sold stock options worth Rs 2.18 crore.
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