Mkt Sources:
FII Gross purchases Rs 2518 Cr Gross Sellers Rs 2243.5 Cr Net Buyers Rs 275 Cr.
MF Gross Purchases Rs 397 Cr Gross Sellers Rs 587 Cr Net Sellers Rs 191 Cr.
Our View:
FII were Net Buyers and one should keep in mind that Inflation is cause for worry. We expect market to trade volatile ahead of budget. Better avoid any fresh position at current level.