MARKET TODAY
Key benchmark is likely to see gap-down opening today tracking cues
from the global markets. SGX Nifty futures traded in Singapore were
trading down 101 points (3165) also pointing to a lower opening in the
domestic bourses. Indian market closed at it’s highest in five months
on Monday, helped by firm global cues. The Sensex closed at 10,535, up
186 points or 1.80% over the previous close, while the S&P CNX Nifty
rose 46 points or 1.42% to 3,257. Meanwhile, apprehensions about the
quality of earnings for the March quarter and the uncertain outcome of
the impending general elections may keep investor sentiment subdued.
However major events in coming days were Industrial production data
for month of February and RBI Annual Policy Meeting for FY-10 also the
key factor for the market.

According to data released by the NSE, in the last session, FIIs were
net buyers of index futures to the tune of Rs 186.46 crore while sold
index options worth Rs 62.24 crore. They were net buyers of stock
futures to the tune of Rs 79.66 crore while sold stock options worth
Rs 50.13 crore.

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