MARKET TODAY
Key benchmark indices are likely to open flat with mixed Asian peers. Wall Street stocks ended higher yesterday to lift the Nasdaq and S&P 500 to 18-month highs after the head of Citigroup, Vikram Pandit, said he was sure the major bank was on track for a sustainable recovery. Asian stock markets traded mixed with investors picking up stocks on hopes the economy is improving fairly well. However, all eyes will be focused on the Index of Industrial Production (IIP) data will be released today. Industrial output is expected to have risen 16.65 percent in January from a year earlier.
According to data released by the NSE, in the last session, FIIs were buyers of index futures to the tune of Rs 945.84 crore and bought index options worth Rs 335.24 crore. However, they were net sellers of stock futures to the tune of Rs 308.24 crore and sold stock options worth Rs 2.74 crore.
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