MARKET TODAY Market is likely to extend gains as global cues are supportive which may help boost confidence. Significant buying in banking and realty stocks yesterday helped the index rally for the eight straight day. The Sensex successfully closed above the 11,000 mark while the Nifty near to touch 3500 mark. Finally the Sensex rallied 317 points to close at 11,284 and the Nifty ended 101 points higher at 3,484. Meanwhile, Inflation data, scheduled to be announced around noon, is forecast to have turned negative for the first time in early April due to weak economic activity and last year's surge in prices. However political uncertainty ahead of the parliamentary elections may cap near term upside and profit booking cannot be ruled out.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 535.19 crore and bought index options worth Rs 44.56 crore. They were net sellers of stock futures to the tune of Rs 764.16 crore while sold stock options worth Rs 2.54 crore. More details http://www.16anna.com/morninignotes.aspx --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Yellow Pages" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/yellow-pages -~----------~----~----~----~------~----~------~--~---
