Market UP in Green Today

Realty, banking and metal sector led a solid surge on the bourses
in mid-morning trade. All the sectoral indices on the BSE were in
green. Mid- and small-cap shares surged after a sharp correction on
Thursday, 16 April 2009.

Investor sentiment was strong also because foreign funds were net
buyers in Thursday's trade despite a near 3% fall in the barometer
index BSE Sensex on that day. As per the provisional data released
by the stock exchange, foreign funds bought shares worth a net Rs
479.09 crore on Thursday. FIIs have made heavy buying in the past
few weeks after heavy sales in the first two months of calendar
2009. There was a huge outflow of Rs 1124.24 crore by domestic
institutional investors (DIIs) on Thursday.

Asian shares were mostly higher on Thursday led by technology
stocks after their US peers gained on hopes for better demand and
some stability in the economy there. Key benchmark indices in Hong
Kong, Indonesia, and Singapore were up by 0.08% to 1.49%. But key
indices in South Korea and Taiwan were down 0.58% to 4.03%.

Japan's Nikkei 225 was up 1.49% after consumer confidence in Japan
climbed in March 2009

China's Shanghai Composite was up 0.08% after Chinese industrial
production expanded by 8.3% in March 2009 from a year earlier, up
from 3.8% in the first two months. The data was released by the
statistics bureau yesterday, 16 April 2009, in Beijing.

Trading in US index futures showed the Dow could fall 38 points at



the opening bell on Friday.