Equity Morning Mantra

MARKET OUTLOOK
The market is likely to open on a flat with a negative bias
taking cues from global markets. Asian stocks advanced as Australia’s treasurer said the worst of the global recession may have passed and after Goldman Sachs Group Inc. raised its estimate for the U.S. Standard & Poor’s 500 Index. U.S. stocks jumped on Monday, driving the S&P 500 to an eight-month closing high, after CIT Group Inc was thrown a lifeline to avoid bankruptcy, and investors bet corporate America would log another strong set of earnings this week.
According to provisional data on NSE, foreign funds bought
worth a net Rs. 563.20 crore on Monday, 20 July 2009. Domestic funds bought shares worth a net Rs. 151.85 crore on that day.