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finance
Key benchmark is likely to open higher on optimism the global economic
recovery is sustainable. Wall Street staged a strong rally yesterday
to open the new year, with sentiment boosted by a global market rally
that was helped by corporate deal-making and upbeat economic news from
the US and China. Asian market also traded higher with the overnight
rally on Wall Street and economic optimism lifting sentiment to a
significant extent.
According to data released by the NSE, in the last session, FIIs were
sellers of index futures to the tune of Rs 45.63 crore while bought
index options worth Rs 229.61 crore. They were net sellers of stock
futures to the tune of Rs 257.37 crore while bought stock options
worth Rs 22.85 crore.
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finance
Indian market is likely open flat mirroring the weakness across the
world markets. Wall Street ended mixed as the market digested a
disappointing report on private-sector jobs and Federal Reserve
minutes showing concern about high unemployment. Asian stock markets
were trading rangebound in cautious trade, following the mixed finish
on Wall Street overnight. Markets are likely to consolidate after a
strong rally in the recent sessions. However, volatility may remain
high as investors may look to cash in some profit after recent solid
gains in indices.
According to data released by the NSE, in the last session, FIIs were
net buyers of index futures to the tune of Rs 1970.39 crore, while
they bought index options worth Rs 449.41 crore. They were net sellers
of stock futures to the tune of Rs 253.47 crore and bought stock
options worth Rs 40.96 crore.
More details http://www.16anna.com