The market is likely to open on a flat note with a negative bias taking cues from global market. Political uncertainty, with polling for India's 15th Lok Sabha underway, may lead to volatile swings on the bourses. Asian stocks advanced for the secondconsecutive day, as gains by financial companies countered concern the global recession is hurting earnings. U.S. stocks rose in volatile trade on Thursday as better-than-expected results from several regional banks lifted financial shares, overshadowing disappointing economic data and anemic outlooks from economic bellwethers like United Parcel Service. The Indian ADRs also ended on a positive note. European shares ended lower on Thursday in a choppy session as investors digested a raft of earnings news, banks retreated from earlier gains and U.S. home sales data disappointed investors.
According to provisional data on NSE, foreign funds bought stocks worth a net Rs. 241.13 crore on Thursday, 23 April 2009. Domestic funds bought shares worth a net Rs. 425.83 crore on that day.
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