INDIAN BENCHMARK are set for a flat
start on subdued global and emerging markets cues. Fiscal deficit numbers for
December will be announced today. CPI for industrial workers for December, by
Labour Bureau is expected. Core sector growth for December, by commerce
ministry will also be watched.
FURTHER, State Bank of
India had raised Rs. 80.32bn by way of qualified institutional placement, which
would boost its capital adequacy ratio to 12.81%. Ranbaxy has
hinted at the possibility of sabotage by disgruntled employees at its facility
in Toansa, Punjab, which has been blacklisted by the US FDA.
Trend in FII flows: The FIIs
were net sellers of Rs.430cr in the cash segment on Thursday while the
domestic institutional investors (DIIs) were net buyers of Rs. 132cr,
as per the provisional figures released by the NSE.
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