MARKET TODAY
Market is likely to open flat today as the weakness across global
equities showed no sign of respite. U.S. stocks closed sharply lower
with Dow falling below the 7,000-level for the first time since 1997.
Asian stocks slumped for a second day, extending a global rout,
worsening investor confidence in the global economy. However, with the
schedule of the Lok Sabha polls formally announced, there is no scope
for any fresh government measures to shore up the economy (or the
market). Therefore, all eyes will be on the RBI to unveil fresh doses
of monetary stimulus.



According to data released by the NSE, in the last session, FIIs were
net sellers of index futures to the tune of Rs 343.92 crore while
bought index options worth Rs 90.87 crore. They were net sellers of
stock futures to the tune of Rs 5.51 crore while bought stock options
worth Rs 212.99 crore.

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