MARKET OUTLOOK
The market may extend Thursday’s gain taking cues from
global markets. Asian stocks climbed, sending the MSCI Asia Pacific Index to a fifth monthly gain, as better-than- expected earnings and a rally in commodities lifted confidence the global economy is headed toward recovery. U.S. stocks rose on Thursday as solid corporate profit reports and a drop in the number of Americans on jobless benefits gave investors reasons to buy equities following the S&P 500's two days of
losses.
According to provisional data on NSE, foreign funds bought
worth a net Rs. 366.81 crore on Thursday, 30 July 2009. Domestic funds sold shares worth a net Rs. 286.67 crore on that day.
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