Pre Market Outlook

The market is likely to continue its upward movements tracking cues from global markets. However, the volatility may remain high ahead of the GDP numbers, which are going to release today. Asian stocks rose, led by mining companies, as a betterthan- expected Japanese factory output report boosted copper prices. U.S. stocks climbed more than 1 percent on Thursday as higher oil prices drove up energy shares and falling yields in the bond market eased concerns that higher borrowing costs would hinder economic recovery.
According to provisional data on NSE, foreign funds bought bought worth a net Rs. 1859.59 crore on Thursday, 28 May 2009. Domestic funds sold shares worth a net Rs. 451.25 crore on that day.