MARKET TODAY The market is likely to add gains tracking overnight gains in the US and the Asian markets. Yesterday Indian Markets ended lower due to worries about the economic slowdown, weak global markets and sustained selling by foreign funds. Finally, the Sensex slipped 110 points to close at 9,090 and the Nifty fell 23 points to close at 2,780. However breaking the two-week upward movement, inflation for the week ended January 24 dropped to 5.07% from 5.64% in the previous week due to decline in prices of metal products, fruits and vegetables. Firm global markets and media reports that the forthcoming interim budget may offer tax sops and sector-specific stimulus package may lift the market after yesterday's slide. Today Nifty is likely to face resistance around 2802-2828-2848, while support on the downside will be around 2760-2744-2718.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 221.28 crore and sold index options worth Rs 61.87 crore. They were net buyers of stock futures to the tune of Rs 134.57 crore and bought stock options worth Rs 68.17 crore. More details http://www.16anna.com/morninignotes.aspx --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Yellow Pages" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/yellow-pages -~----------~----~----~----~------~----~------~--~---
