MARKET TODAY

Market is likely open higher as indices catch-up with global cues
after a two-day break on account of local holidays. The SGX Nifty
futures for March 2009 series surged 86 points in Singapore. On
Tuesday Indian markets ended with sharp losses as bulls were yet again
knocked out. Finally, the Sensex declined 165 points to close at 8,160
and the Nifty slipped 47 at 2,573. Investors look forward to the
release of index of industrial production (IIP) figures for January
2009 and inflation data for week ended 28 February 2009 to be
announced by noon today.



According to data released by the NSE, in the last session, FIIs were
net sellers of index futures to the tune of Rs 174.55 crore while
bought index options worth Rs 609.95 crore. They were net sellers of
stock futures to the tune of Rs 0.51 crore while bought stock options
worth Rs 7.70 crore.

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