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Morning Market View



Today’s opening is likely to be on a firm note, carrying previous session’s gains, looking at the positive global scenario on Greek optimism. The Indian markets may track global peers for support.

India remains a great market for stock-pickers as it is likely to stabilise and find support at 5-7% downside from current levels. The market is cautious due to investment slowdown and commodity prices.

Timbor Home will be listing its equity shares on the bourses today. It has fixed issue price at higher end of price band of Rs54-63 a share.

The FIIs have sold Indian stocks worth a net of Rs427.10 crore on June 21, 2011 as compared to the net sell of Rs363.20 crore on June 20, 2011. The domestic investors have bought Indian shares worth a net of Rs337.50 crore on June 20, 2011.

The European markets rose at their fastest pace in two months on Tuesday (June 21, 2011), bouncing from three-month closing lows, on optimism that Greece will get the financial support to avoid defaulting next month.

The US stocks posted gains for the fourth day on Tuesday on growing hopes that Greece will avoid a debt default, adding momentum to the market's recent rebound.

The Asian markets were trading higher, as Greece edged closer to resolving its debt crisis. SGX Nifty was trading 34 points higher, indicating towards a positive start on the Indian bourses.