Market Outlook

The market is likely to open on a positive note-taking cue from global markets. The
Q4 March 2009 results will dictate the near-term trend on the bourses and investors will
closely watch the future outlook provided by the company managements. Asian stocks
advanced, led by banks and automakers, as earnings from JPMorgan Chase & Co. and
falling U.S. jobless claims lifted confidence the global recession is easing. U.S. stocks
surged on Thursday as expectations of reassuring results from bellwethers, including
Google, lifted technology shares, while JPMorgan's better-than-expected profit added to
bank stabilization hopes. Indian ADRs ended on a mixed note.
According to provisional data on NSE, foreign funds bought stocks worth a net Rs.
479.09 crore on Thursday, 16 March 2009. Domestic funds sold shares worth a net
Rs. 1124.24 crore on that day.