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finance
Key benchmark indices are likely to extend yesterdays gains on the
back of higher global markets after US Federal Reserve leave key rates
unchanged. Wall Street ended higher yesterday as investors cheered the
Federal Reserve's pledge to keep interest rates low for an extended
period after a policy meeting. Asian stock markets traded higher,
cheered by a rise in U.S. shares to a 17-month high after the Federal
Reserve's decision to leave key rates unchanged. However, sustained
buying by foreign funds may also keep underlying sentiment positive
for the domestic bourses, but volatility may prevail due to profit
taking.
According to data released by the NSE, in the last session, FIIs were
sellers of index futures to the tune of Rs 375.44 crore while bought
index options worth Rs 946.02 crore. They were net buyers of stock
futures to the tune of Rs 156.8 crore while sold stock options worth
Rs 18.68 crore.
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finance
Key benchmark indices are likely to open flat-to-positive note as
mixed Asian stocks. Wall Street posted modest gains after a tame
inflation report eased fears of interest rate hikes a day after the
Federal Reserve issued a slightly better economic outlook. Asian stock
markets Open flat and a subsequent fall due to profit taking, ignoring
the gains on US. However, volatility may prevail as investors chose to
take profits as the markets already in overbought zone. Meanwhile,
sustained buying by foreign funds may keep underlying sentiment
positive.
According to data released by the NSE, in the last session, FIIs were
buyers of index futures to the tune of Rs 874.22 crore and bought
index options worth Rs 799.09 crore. However, they were net sellers of
stock futures to the tune of Rs 117.5 crore and sold stock options
worth Rs 24.51 crore.
More details http://www.16anna.com