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Market is likely to open higher on the back of firm global cues. US
stocks ended higher yesterday as energised by strong earnings from oil
giant ExxonMobil and a robust reading on US manufacturing activity.
Asian stock markets got to a strong start, after better-than-expected
U.S. manufacturing data sparked a rally on Wall Street which saw the
Dow rack up triple-digit gains. However, the domestic cement industry
is once again on track for achieving a double-digit growth rate in
January and robust sales data from auto makers raised expectations for
a stronger outlook.
According to data released by the NSE, in the last session, FIIs were
net buyers of index futures to the tune of Rs 544.48 crore, while they
bought index options worth Rs 47.18 crore. They were net buyers of
stock futures to the tune of Rs 23.84 crore and bought stock options
worth Rs 121.73 crore.
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finance
finance
The market may extend last three days' gains on firm Asian stocks.
Most Asian stocks rose on Wednesday on reports Europe was close to
bailing out debt-strapped Greece, coaxing investors back to riskier
assets, though uncertainty kept a lid on the euro. The key benchmark
indices in China, Indonesia, Japan, South Korea, and Taiwan rose by
between 0.04% to 1.53%. But the key benchmark indices in Singapore and
Hong Kong fell by between 0.11% to 0.54%.
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