MARKET OUTLOOK

The market is likely to open on positive note tracking firm global markets. The index of industrial production (IIP) figures for April 2009 announced by noon today will be closely watched. Asian stocks rose for a third day as improved economic indicators pointed to an easing of the U.S. recession and metal prices jumped the most in 10 days. U.S. stocks racked up gains across a wide array of sectors on Thursday, aided by rising commodity prices and improving labor market conditions, along with a sharp drop in interest rates.

According to provisional data on NSE, foreign funds bought worth a net Rs.
786.57 crore on Thursday, 11 June 2009. Domestic funds bought shares worth a net Rs. 558.14 crore on that day.