Market Outlook

The market is likely to open on a flat note-taking cue from global markets. Asian stocks rose, paring the MSCI Asia Pacific Index’s biggest weekly decline since March, as better-than-estimated U.S. economic reports boosted the dollar. In US, The Dow and S&P 500 gained on Thursday, breaking a three-day losing streak, as data on the job market and regional manufacturing revived hopes that the recession-hit economy is stabilizing. Indian ADRs ended on a mixed note.

According to provisional data on NSE, foreign funds sold worth a net Rs. 584.87 crore on Thursday, 18 June 2009. Domestic funds bought shares worth a net Rs. 538.89 crore on that day.