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Key benchmark indices are likely to open higher encouraged by strong
Asian cues. Asian stocks kicked-off the trading week sharply higher
with Friday's strong close on Wall Street, firm commodity prices and a
weaker yen lifting sentiment to a notable extent. China's key stock
index made a tentatively steady start after a week-long break, as
investors digested Chinese and U.S. policy moves and activity on
global markets. However, high amount of volatility is expected as the
market has entered a very important week where the Union Budget is
scheduled and the F&O expiry is due.
According to data released by the NSE, in the last session, FIIs were
sellers of index futures to the tune of Rs 602.59 crore and sold index
options worth Rs 177.82 crore. They were net sellers of stock futures
to the tune of Rs 228.69 crore and sold stock options worth Rs 0.75
crore.
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finance
Key benchmark indices are likely to open on a subdued note tracking
weak global cues. Wall Street stocks drifted lower yesterday as the
market paused after a week of solid gains. Major Asian stock indexes
were mostly lower in the opening trade, after U.S. stocks finished
flat as Investors choosing to take profits after the previous
session's sharp upward move. The market is likely to remain highly
volatile this week with the focus being on the Railway Budget on 24
February 2010. It will be followed by tabling of Economic Survey on 25
February 2010 and the Union Budget on 26 February 2010. Derivatives
expiry on Thursday, 25 February 2010 is also likely to add volatility
on the bourses.
According to data released by the NSE, in the last session, FIIs were
net buyers of index futures to the tune of Rs 354.21 crore, while they
bought index options worth Rs 186.24 crore. They were net buyers of
stock futures to the tune of Rs 380.53 crore and sold stock options
worth Rs 9.43 crore.
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finance
The markets made a strong move upwards tracking favorable global cues
and maintained it all through out the day and closed firmly in the
green. The government’s plans to bring down the fiscal deficit in the
next 2 financial years boosted the sentiments of the investors.
Exports of India rose at an annual 11.5 percent in January to $14.3
billion and this is the third consecutive rise after 13 straight
months of decline.
All the sectoral indices ended in green led by Auto index (up 4.29%)
followed by Metal (up 3.92%), Bankex (up 2.29%) and FMCG (2.13%). The
BSE Sensex closed higher by 343.01 points at 16,772.56 and NSE Nifty
ended higher by 94.70 points at 5,017. BSE Midcap and Small cap closed
with gains of 140.84 and 188.16 points at 6,538.66 and 8,255.56
respectively. The BSE Sensex touched intraday high of 16,808.49 and
intraday low of 16,438.45.
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