MARKET TODAY
Key benchmark indices are likely to open higher in the morning session
amid easing concerns about Dubai's financial crisis. However, Asian
markets are also witnessing strength in early trade which sets the
mood for a higher opening. Meanwhile, the UAE central bank eased
credit for lenders and said it stands behind the country’s local and
foreign banks as they face losses from Dubai World’s possible default.
Banks and real estate stocks, which were volatile on Friday, will be
watched today.
According to data released by the NSE, in the last session, FIIs were
net sellers of index futures to the tune of Rs 769.76 crore, while
they bought index options worth Rs 433.13 crore. They were net buyers
of stock futures to the tune of Rs 165.77 crore and bought stock
options worth Rs 13.22 crore.
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