Tuesday, May 18, 2010

stock news

Key benchmark indices may extend losses for the fourth straight day tracking weak global cues. Wall Street Stocks plunged further
yesterday, extending losses from a day earlier as deadly riots in Greece and continued eurozone fears shook markets. Asian stock
markets traded lower following the setback suffered by global markets over the past few sessions amid renewed concerns about
Greece's financial worries. Meanwhile, The Supreme Court in the next few days is likely to deliver its verdict on the gas pricing and
supply dispute between energy companies RIL and RNRL, which have seen their share valuations erode as the judgment day nears.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 1039.14 crore,
while they bought index options worth Rs 2684.22 crore. They were net buyers of stock futures to the tune of Rs 0.82 crore and sold
stock options worth Rs 15.72 crore.
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