MARKET TODAY
Market is likely to open higher on the back of strong global cues. US stocks showed a strong upward move over the course of the trading day, as bullish sentiment took off on the back of strong manufacturing data, a flurry of merger activity and easing concerns about Greece's debt crisis. Major Asian markets opened with a jump, following a greater than 1.5 percent rise by Dow Jones Industrial Average overnight. Meanwhile, FII buying in the past two sessions may also help to lift investor sentiment for the domestic market.
According to data released by the NSE, in the last session, FIIs were buyers of index futures to the tune of Rs 225.9 crore and bought index options worth Rs 344.33 crore. They were net sellers of stock futures to the tune of Rs 7.13 crore while sold stock options worth Rs 5.84 crore.
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