Wednesday, July 15, 2009

Market Outlook

The market is expected to extend gains today following
encouraging cues from global market. Asian stocks rose for a second day after Intel Corp.’s sales forecast exceeded analyst projections, Goldman Sachs Group Inc. reported record earnings and metal prices climbed. U.S. stocks managed modest gains on Tuesday as better-than-expected corporate profits overshadowed concerns about weak consumer demand.
According to provisional data on NSE, foreign funds bought worth a net Rs. 87.23 crore on Tuesday, 14 July 2009. Domestic funds bought shares worth a net Rs. 200.29 crore on that day.

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