Thursday, April 29, 2010

stock news

MARKET TODAY

Key benchmark indices are likely to open flat to higher, taking cues from overnight gains on Wall Street after the Federal Reserve pledged to keep interest rates low for an extended period. Wall Street ended positive territory after the Fed left interest rates unchanged and another batch of upbeat earnings reports. Asian stocks traded mixed amid light trading volume despite a positive close on Wall Street overnight with Japan closed for the Golden Week celebrations. On the domestic front, traders await food inflation data due around noon for clues on interest rates and monetary policy. Moreover, the F&O expiry for the April series expires today which will keep the volatility.

According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 864.43 crore, while they bought index options worth Rs 602.97 crore. They were net sellers of stock futures to the tune of Rs 924.32 crore and bought stock options worth Rs 192 crore
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