Key benchmark indices are likely to open higher on tracking the strength across global markets. Asian markets traded higher, on easing concerns over fiscally strapped Greece, after Athens turned to the European Union and the International Monetary Fund for a bailout on Friday. However, Reliance Industries may see some weakness as earnings performance in Q4FY10, which came in below street expectations. Meanwhile, forecast of a normal monsoon this year may further aid investor sentiment.
According to data released by the NSE, in the last session, FIIs were buyers of index futures to the tune of Rs 66.28 crore while sold index options worth Rs 45.2 crore. They were net buyers of stock futures to the tune of Rs 345.01 crore while sold stock options worth Rs 7.52 crore.
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