The market is likely to open on a flat note with a positive bias taking cues from global markets. Asian stocks rose as commodity prices jumped amid optimism the U.S. recession may ease after the economy shrank less than expected in the first quarter. U.S. stocks jumped on Thursday as investors were relieved that Federal Reserve Chairman Ben Bernanke weathered a congressional hearing well. India’s wholesale prices declined for a second straight week as demand slowed in an economy growing at the weakest pace in seven years. The benchmark wholesale-price inflation index fell 1.14 percent in the week to June 13 from a year earlier after tumbling 1.61 percent in the preceding week.
According to provisional data on NSE, foreign funds sold worth a net Rs. 1482.82 crore on Thursday, 25 June 2009. Domestic funds bought shares worth a net Rs. 1118.05 crore on that day.
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