MARKET TODAY

Market is likely to open firm on the back of positive global cues.
Yesterday Indian market closed higher for the fourth straight session
helping the Sensex reclaim the 10,000 mark. The Nifty also tested the
3100 mark during the day but retreated towards the fag end of the
session. However, we expect some profit booking might emerge in second
half of the day's trading session post the recent surge on the back of
strong global cues, sustained buying by foreign funds and hopes of
interest rate cut. As per reports of derivatives contracts, marketwide
rollover positions from March 2009 series to April 2009 stood at 77%
compared with 75% in the previous series. Nifty rollover was 70% from
76%.

According to data released by the NSE, in the last session, FIIs were
net buyers of index futures to the tune of Rs 186.21 crore and bought
index options worth Rs 211.06 crore. They were net sellers of stock
futures to the tune of Rs 290.50 crore while bought stock options
worth Rs 40.16 crore.

More details http://www.16anna.com/market.asp
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