The market is likely to open on a negative note taking cues from Asian markets.
However 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 stocks climbed to the highest in more than three
months, led by finance companies and drugmakers, as the U.S. Federal Reserve said
most banks being given stress tests have adequate capital. U.S. stocks rallied on Friday
as earnings showed companies have weathered the recession and economic data raised
hopes the economic cycle may have hit a bottom.
According to provisional data on NSE, foreign funds bought stocks worth a net Rs.
576.77 crore on Friday, 24 April 2009. Domestic funds bought shares worth a net
Rs. 15.31 crore on that day.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment