MARKET TODAY
Key benchmark indices are likely to open lower as the global cues are
not encouraging   and the SGX Nifty futures for February 2009 series
was also down 17 points in Singapore. Global cues were mixed today.
Markets likely to remain range bound throughout the day. GDP data for
the third quarter ended December 2008, to be released by noon, will be
closely watched. Global cues were mixed. The 50 share index Nifty may
face resistance at 2800-2830 levels and in the lower side 2720-2700
will be the important support levels.



According to provisional data on NSE, FIIs were net sellers worth Rs
384.37 crore while mutual funds bought shares worth Rs 367.84 crore on
Wednesday, 25 February 2009.



Wall Street closed in red on Thursday, 26th February as a spate of
sour economic data and worries that President Obama's budget proposal.
The Dow Jones Industrial Average fell 88.81 points, or 1.22 per cent,
to 7,182.08.

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