The market is likely to open on a flat note taking cues from weak global markets. However, volatility may remain high ahead of the expiry of June 2009 futures and options (F&O) contracts on Thursday, 25 June 2009. Asian stocks fluctuated as gains among technology and energy shares overshadowed declines by finance companies. In US, The S&P 500 rose slightly on Tuesday as investors hunted for bargains a day after a steep sell-off, while the Nasdaq was flat and another delay for Boeing's 787 reamliner kept the Dow in the red.The next major trigger for the market is the Union Budget 2009-2010.
According to provisional data on NSE, foreign funds sold worth a net Rs. 654.97 crore on Tuesday, 23 June 2009. Domestic funds bought shares worth a net Rs. 318.42 crore on that day.
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