MARKET TODAY

Market is likely to open positive for a second straight day buoyed by
the euphoric sentiment across global markets as a US plan to get rid
of the bad assets in the banking sector sparked hopes for stability in
the financial system. Domestic market ended yesterday’s session with a
huge gains. Sensex and the Nifty close above the 9,400 and 2900 levels
respectively. Finally, the Sensex surged 457 points to close at 9,424
and the Nifty surged 132 at 2,939. However volatility may remain high
ahead of the expiry of March 2009 derivatives contracts for March 2009
series on Thursday, 26 March 2009.

According to data released by the NSE, in the last session, FIIs were
net buyers of index futures to the tune of Rs 464.90 crore while sold
index options worth Rs 192.56 crore. They were net buyers of stock
futures to the tune of Rs 250.65 crore while sold stock options worth
Rs 20.99 crore.

For more details http://www.16anna.com/morninignotes.aspx
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