The market may open higher on positive cues from the Global markets. Volatility may remain high ahead of the expiry of May 2009 futures and options (F&O) contract on Thursday, 28 May 2009. Asian stocks rose, led by automakers and mining companies, after U.S. consumer confidence jumped the most in six years and commodity prices climbed. U.S. stocks climbed more than 2 percent on Tuesday as data showing the biggest monthly jump in consumer confidence in six years lifted hopes of an economic rebound, and a brokerage upgrade of Apple Inc drove sharp gains on the Nasdaq. Most of the Indian ADRs ended on a positive note.
According to provisional data on NSE, foreign funds stocks sold worth a net Rs. 197.02 crore on Tuesday, 26 May 2009. Domestic funds sold shares worth a net Rs. 138.19 crore on that day.
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