Wednesday, June 10, 2009

Pre market Outlook

Market is likely to open on a positive note, taking cues from global markets. The Nasdaq rose on Tuesday after an improved outlook from Texas Instruments lifted technology stocks, but news that 10 big banks will repay TARP funds failed to stir investor enthusiasm. European markets were also up after the positive news from U.S. chipmaker Texas Instruments and crude oil prices crossing $70. Asian stocks are trading up for the first time in three days, led by commodity and shipping companies asoil climbed above $70 a barrel and metals prices advanced.
According to provisional data on NSE, foreign funds bought worth a net Rs.
955.31 crore on Tuesday, 09 June 2009. Domestic funds sold shares worth a net Rs. 143.21 crore on that day.

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