MARKET TODAY
Key benchmark indices are likely to see positive open taking cues from
the Asian peers. Yesterday Indian market slipped into the deep red
breaking a five-session winning streak. The Nifty slipped below the
3000 mark while the Sensex closed below the 9600 level. Finally the
Sensex lost 480 points to close at 9,568 and the Nifty was down 130
points at 2,978. The Nifty futures traded as SGX CNX Nifty Index
Futures in Singapore were up 36 points (3031), it indicates positive
momentum but news of auto giants General Motors and Chrysler on the
verge of bankruptcy may cap the upside. Today is the last day of the
financial year 2008-09 (FY 2009). However, data showing resumption of
selling by foreign funds after heavy buying in the past few days may
weigh on the sentiments.

According to data released by the NSE, in the last session, FIIs were
net sellers of index futures to the tune of Rs 994.30 crore while
bought index options worth Rs 593.29 crore. They were net sellers of
stock futures to the tune of Rs 443.88 crore while bought stock
options worth Rs 27.64 crore.

More details http://16anna.com/morninignotes.aspx
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