MARKET TODAY
Key benchmark indices are likely to open positive due to absence of the global cues. The US markets were closed yesterday on account of President's Day. Most of the Asian markets like China, Hong Kong, Singapore and Taiwan markets are shut for trade today. The Japanese stock market is open higher with cautious trades as no significant triggers around, and concerns about China's monetary tightening and Greek debt problems hurting a bit, buying remains quite selective in morning trades. Meanwhile, the wholesale price index rose 8.56 % in January from a year earlier, its highest since November 2008 and accelerating from a 7.3 % gain in December, data showed yesterday. However, equities may remain ranged due to the absence of any fresh triggers.
According to data released by the NSE, in the last session, FIIs were buyers of index futures to the tune of Rs 108.09 crore and bought index options worth Rs 186.01 crore. However, they were net sellers of stock futures to the tune of Rs 1.38 crore and sold stock options worth Rs 1.33 crore.
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