MARKET OUTLOOK
The market is likely to open on a flat note with a negative bias tracking the gobal markets. The U.S. stocks rose slightly on Monday in a late rally as investors rotated into financial shares, which had lagged in the recent two-week run-up. The Asian markets are also trading marginally down amid concern about the rapid pace of the rally. Back home, the Indian markets may remain volatile this week ahead of expiry of July 2009 futures and options (F&O) contract on Thursday, 30 July 2009. The RBI’s first quarterly monetary policy to be announce today will be closely watched.
According to provisional data on NSE, foreign funds bought
worth a net Rs. 439.542 crore on Monday, 27 July 2009. Domestic funds sold shares worth a net Rs. 278.97 crore on that day.
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