MARKET TODAY
Key benchmark indices are likely to extend Friday's gains as global cues are supportive. Wall Street stocks jumped yesterday, to their highest levels in more than a month after corporate buyouts raised hopes about the economy. Asian stock markets were trading mixed, with financials dragging the Hong Kong market lower while Australia and S.Korea were supported by gains on Wall Street as global investors held out hope that a bailout will materialize for debt-ridden Greece. Meanwhile, Cement, auto and steel companies are likely to remain in focus as they announce sales and shipments fugues for February. Market had remained closed on Monday 1 March 2010 on account of Holi festival.
According to data released by the NSE, in the last session, FIIs were buyers of index futures to the tune of Rs 1,559.83 crore and bought index options worth Rs 258.03 crore. However, they were net sellers of stock futures to the tune of Rs 347.58 crore and sold stock options worth Rs 37.48 crore.
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