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Thursday, January 30, 2014

INDIAN EQUITY MARKET OUTLOOK-31 january



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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