MARKET TODAY
Market is likely to open lower tracking weak cues from global markets
and ahead of the outcome of the general elections. Trading could be
range bound on alternate bouts of buying and selling. While net buying
by foreign funds and short covering may lead to some recovery.
Meanwhile, the IIP data for March is likely to be release today. A
CNBC-TV18 poll sees production likely to contract by 0.25% for March
against contraction of 1.2% in February.

According to data released by the NSE, in the last session, FIIs were
net sellers of index futures to the tune of Rs 184.19 crore while
bought index options worth Rs 91.27 crore. They were net buyers of
stock futures to the tune of Rs 209.80 crore while sold stock options
worth Rs 13.94 crore.
More details http://www.16anna.com/morninignotes.aspx
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