MARKET TODAY
Market is likely to open flat following a mixed trend in the rest of
the global markets. Yesterday Indian market bounced back from a 2-day
slide on account of strong buying in realty and oil & gas stocks, but
the market pared its gains as weakness in banking, consumer durable
and healthcare stocks dragged the benchmark indexes. Finally, the
Sensex declined by 20 points to close at 9,015 and the Nifty finished
almost unchanged at 2,776. We expected market to remain range-bound.
However high intra-day volatility may not be ruled out as inflation
data for the year through 7 February 2009 will be announced during the
day.




According to data released by the NSE, in the last session, FIIs were
net sellers of index futures to the tune of Rs 331.11 crore and sold
index options worth Rs 219.21 crore. They were net buyers of stock
futures to the tune of Rs 50.19 crore and bought stock options worth
Rs 171.08 crore.



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