Market is set to opening positive after three-day losing streak on
account of strong global cues. Positive cues from global markets and
some short covering may help the Indian market at the opening trade.
However, rate hike worries and continued profit taking amid the
Christmas holiday-shortened week may limit the upside.
According to data released by the NSE, in the last session, FIIs were
net sellers of index futures to the tune of Rs 600.34 crore, while
they bought index options worth Rs 375.60 crore. They were net buyers
of stock futures to the tune of Rs 146.14 crore and bought stock
options worth Rs 26.87 crore.
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