MARKET TODAY Market is likely to open higher today tracking positive cues from global markets. However, given the sharp run-up in the recent sessions, profit booking cannot be ruled out. Satyam Computer Services, the company snared in India's biggest corporate scandal, is set to announce a winning bidder for a controlling stake, but buyers face a difficult task in valuing the firm due to uncertainty about its finances and liabilities. Meanwhile, fall in headline inflation and weak industrial production data for February 2009 raised expectations of a further easing of the monetary policy by the Reserve Bank of India (RBI). Resumption of buying by foreign funds also bolstered sentiment.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 614.44 crore and bought index options worth Rs 235.28 crore. They were net buyers of stock futures to the tune of Rs 47.46 crore while sold stock options worth Rs 33.92 crore. More details http://www.16anna.com/morninignotes.aspx --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Small Investment" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/Small-Investment?hl=en -~----------~----~----~----~------~----~------~--~---
