MARKET TODAY
Key benchmark indices are likely to open flat-to-positive note as mixed Asian stocks. Wall Street posted modest gains after a tame inflation report eased fears of interest rate hikes a day after the Federal Reserve issued a slightly better economic outlook. Asian stock markets Open flat and a subsequent fall due to profit taking, ignoring the gains on US. However, volatility may prevail as investors chose to take profits as the markets already in overbought zone. Meanwhile, sustained buying by foreign funds may keep underlying sentiment positive.
According to data released by the NSE, in the last session, FIIs were buyers of index futures to the tune of Rs 874.22 crore and bought index options worth Rs 799.09 crore. However, they were net sellers of stock futures to the tune of Rs 117.5 crore and sold stock options worth Rs 24.51 crore.
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