Market is likely to open on a positive note taking cues from the global markets. U.S. stocks rose on Thursday as investors returned to financial and technology shares on bets the recent rally could have more room to grow after a brief pullback. European shares rose on Thursday, snapping a three-day losing run, as gains for several banking heavyweights more than offset energy stocks dropping on weaker crude prices. Today, Asian stocks are up, paring the MSCI Asia Pacific Index’s first weekly decline in three, after Sony Corp. forecasted a smaller loss than analysts expected and bank borrowing costs plunged.
According to provisional data on NSE, foreign funds sold stocks worth a net Rs. 301.92 crore on Thrusday, 14 May 2009. Domestic funds bought shares worth a net Rs. 254.3 crore yesterday.
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