Key benchmark indices are seen opening strong on the back of positive Asian indices. The SGX Nifty futures for April 2009 expiry surged 52.50 points in Singapore. However volatility may hit roof with derivatives contracts for April 2009 series expiring today, 29 April 2009.
Aggregate results of 475 firms showed 3.6% fall in net profit on 4.5% rise in sales in Q4 March 2009 over Q4 March 2008.
Expiry of derivatives contracts today, 29 April 2009 may heighten volatility on the bourses. As per reports, rollover of Nifty positions from April 2009 series to May 2009 series stood at 61% while those of stock futures were 54%, as on Tuesday, 28 April 2009.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment