The markets are likely to open on a negative note taking cues from the global markets.
The U.S. stocks fell on Monday as investors booked profits in financials after a twomonth
run-up and news of several banks' share offerings heightened worries about their dilutive impact on current shareholders. The European and Asian stocks also fell on Monday as investors booked gains on last week's rally and turned cautious about claims that the global economy is past the worst and ready to recover.
According to provisional data on NSE, foreign funds bought stocks worth a net Rs. 79.88 crore on Monday, 11 May 2009. Domestic funds sold shares worth a net Rs. 17.31 crore yesterday.
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