The market is likely to open on a flat note taking mixed cue from global markets. Reliance Industries is all set to announce its March quarter result today. However stock specefic activity will be high in companies that will be announcing their March 2009 quarterly results. Asian stocks fluctuated, as finance companies dropped after Morgan Stanley reported a wider-than- forecast loss. Automakers advanced. The Dow and S&P fell on Wednesday after Morgan Stanley revived concerns about the banking sector and the wider economy after it posted its second straight quarterly loss and slashed its dividend. The Indian ADRs ended on a mixed note.
According to provisional data on NSE, foreign funds sold stocks worth a net Rs. XX0.83 crore on Tuesday, 21 April 2009. Domestic funds bought shares worth a net Rs. 82.25 crore on that day.
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