MARKET TODAY Market is likely to open higher after the Reserve Bank of India cut the key rates for boosted economy and a rebound in global equities. Indian market snapped three-day losing streak yesterday by ending a volatile session in the positive terrain. Finally the Sensex marginally gained 19 points to close at 8,446 and the Nifty was up 22 at 2,645. After market hours yesterday, the Reserve Bank of India cut the repo rate by 50 basis points to 5% and cut the reverse repo rate by 50 basis points to 3.5% with immediate effect. Today main forecast in the inflation data and the median forecast 3.03 percent in the 12 months to Feb 21, compared with a 3.36 percent in the previous week.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 613.61 crore and bought index options worth Rs 148.21 crore. They were net sellers of stock futures to the tune of Rs 46.91 crore while bought stock options worth Rs 78.33 crore. More details http://16anna.com/morninignotes.aspx --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Yellow Pages" 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/yellow-pages -~----------~----~----~----~------~----~------~--~---
