The market is likely to trade in narrow range taking mixed cues from global markets. Stock specific activity will be high in companies that will be announcing their March 2009 quarterly results. Expiry of derivatives expiry on Wednesday, 29 April 2009 may prop the volatility further. Asian technology and healthcare shares advanced, overshadowing declines among the region’s commodity producers. U.S. stocks fell on Monday on concerns the spreading of a new strain of flu could dampen optimism about the economy, overshadowing a sweeping overhaul of General Motors Corp and gains in biotechnology stocks.
According to provisional data on NSE, foreign funds bought stocks worth a net Rs. 257.38 crore on Monday, 27 April 2009. Domestic funds bought shares worth a net Rs. 68.06 crore on that day.
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