Equity Morning Mantra

MARKET OUTLOOK
The market may open lower tracking weak global cues. Recent selling by foreign funds may also weigh on investor sentiment. The Central Statistical Organisation (CSO) will today unveil inflation data for the year through 27 June 2009. Asian consumer stocks fell, led by Japanese automakers, on concern a strengthening yen will hurt the value of overseas sales. Mining stocks gained after Alcoa Inc. reported a smallerthan- estimated loss. U.S. stocks rebounded in late trade on Wednesday after a day of
wild price swings, with the Dow and Nasdaq eking out gains as investors hoped that corporate results would top estimates as the quarterly earnings season prepared to kick off.
According to provisional data on NSE, foreign funds sold worth a net Rs. 828.01 crore on Wednesday, 08 July 2009. Domestic funds bought shares worth a net Rs. 594.07 crore on that day.