MARKET TODAY
Smart bounce back is expected in the domestic indices on the back of
positive Asian cues after a massive fall in the previous session. The
Sensex yesterday tanked heavily on the back of weak global cues.
Finally the Sensex ended the day with a loss of 357.54 points, or
3.79% at 9,066.70 and Nifty declined 108.15 points, or 3.76% at
2,766.65. However the recent selling by foreign institutional
investors (FIIs) may prove to be a dampener. Volatility may be high as
stock and sector specific activity may rule the roost.


According to data released by the NSE, in the last session, FIIs were
net sellers of index futures to the tune of Rs 625.75 crore while
bought index options worth Rs 565.80 crore. They were net sellers of
stock futures to the tune of Rs 12.88 crore while bought stock options
worth Rs 71.80 crore.


More details http://www.16anna.com/morninignotes.aspx
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