Pre Market Outlook

Market is expected to open on a positive note taking cues from global market. Shares across the Asia-Pacific region are on the rise following China’s encouraging manufacturing data, which expanded for the first time in nine months. US stocks surged on Friday as increasing oil prices pushed the energy shares higher and fresh economic data suggested that the key parts of the economy could be stabilizing. According to provisional data on NSE, foreign funds bought stocks worth a net Rs. 365.23 crore on Wednesday, 29 April 2009. Domestic funds sold shares worth a net Rs. 403.99 crore on that day.