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Morning Update :Market View

The Indian markets are likely to begin the new week on a flat note as the Asian cues look unsupportive. There are not many positive events that could take the market further up in the near term.

Markets are likely to be volatile as the industrial production figure for March will be declared today. The IIP numbers may more or less give direction for the day. FII inflows, which seem to be tapering off and a steaming crude oil prices may add to the volatility.

Daily trend of FII/MF investment in equities
The FIIs have bought Indian shares worth a net of Rs383.30 crore on April 08, 2011 as against net buy of Rs716.30 crore on April 07, 2011. The local investors have sold Indian shares worth a net of Rs50 crore on April 07, 2011