Thursday, June 25, 2009

Equity Market Outlook

Volatility in the market may remain high ahead of the expiry of June 2009 futures and options (F&O) contracts today. Recent selling by foreign funds may also weigh on investor sentiment. The Central Statistical Organisation (CSO) will today unveil inflation data for the year through 13 June 2009. Asian stocks rose, led by mining and technology companies, after metals prices gained and orders for U.S. durable goods unexpectedly increased. US markets were mixed on Wednesday as investors waited for the Federal
Reserve's policy decision on interest rates. Indian ADRs were in the green.

According to provisional data on NSE, foreign funds sold worth a net Rs. 791.85 crore on Wednesday, 24 June 2009. Domestic funds bought shares worth a net Rs. 728.26 crore on that day.

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