Morning Mantra

The market is likely to open on a flat note with a negative bias-taking cue from weak global markets. Asian Market trading on a mixed note. U.S. stocks slid in a broad sell-off on Thursday as investors, concerned about the U.S. budget deficit, exited dollar-denominated assets across the board. Indian ADRs ended mostly down. Driven by the rising prices of essential food items like cereals, tea, spices and fruit and vegetables, inflation inched up to 0.61 per cent for the week ended May 9.
According to provisional data on NSE, foreign funds stocks sold worth a net Rs. 2.14 crore on Thursday, 21 May 2009. Domestic funds sold shares worth a net Rs. 371.48 crore on that day.