MARKET OUTLOOK
The market is likely to open on a positive note taking cues
from firm global market. The stock market has entered a crucial period of earnings. Asian stocks rose, with the MSCI Asia Pacific Index set for its first weekly gain in three, as commodity prices rose and International Business Machines Corp. earnings beat analyst estimates. U.S. stocks rallied for a fourth day on Thursday after JPMorgan's strong results fed growing optimism about the quarterly earnings season and technology shares rose in anticipation of more good news. The Indian ADRs ended on a mixed note.
According to provisional data on NSE, foreign funds bought
worth a net Rs. 32.37 crore on Thursday, 16 July 2009. Domestic funds sold shares worth a net Rs. 35.02 crore on that day.
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