MARKET TODAY
Domestic market is likely to extend its gains for the third straight trading session supported by positive global cues. Wall Street stock ended higher yesterday after economic reports posted encouraging surprises that fuelled hopes the struggling recovery from recession is gaining traction. Asian markets traded mostly higher following the positive finish on Wall Street that saw the Dow Jones Industrials end within striking distance of the 11,000 mark. However, stock-specific action may rule the roost in the near term based on expectations of Q4 March 2010 results and sustained buying by foreign funds may help stocks extend their previous session's gains.
According to data released by the NSE, in the last session, FIIs were buyers of index futures to the tune of Rs 1,310.52 crore and bought index options worth Rs 1,030.29 crore. They were net buyers of stock futures to the tune of Rs 281.84 crore and bought stock options worth Rs 3.23 crore.
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