MARKET TODAY
Key benchmark indices are likely to open on a subdued note after a three-day winning streak, on the back of weak global cues. Wall Street ended flat yesterday as the Federal Reserve reported a modest economic recovery on improvement in consumer spending and a bleak labour market outlook. Asian stock markets were mostly lower in the early trade, following US markets negative lead overnight and a lack of positive triggers from the home front forcing investors to tread a cautious path. Meanwhile, Reliance Industries report that the company has no plans to increase its bid for bankrupt chemicals maker LyondellBasell Industries AF after creditors rejected a $14.5 billion offer. However, market to remain volatile and profit booking is likely to pull market lower after third straight sessions of gains.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 814 crore, while they bought index options worth Rs 1486.50 crore. They were net buyers of stock futures to the tune of Rs 637.65 crore and bought stock options worth Rs 43.08 crore.
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