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Thursday, March 27, 2014

INDIAN EQUITY MARKET OUTLOOK-28 MAR

INDIAN BENCHMARK start on a flat to positive note, a day after investors rolled over positions from the near-term March series F&O expiry to April series.

FURTHER, Tata Power Co has moved to the Central Electricity Regulatory Commission against the Jhajjar power project of CLP India, alleging that the latter has misrepresented the date of commercial operation. NTPC has set a target of importing as much as 15 mn tonnes of coal in the next financial year (2014-15).

Trend in FII flows: The FIIs were net buyers of Rs.2191cr in the cash segment on Thursday   while the domestic institutional investors (DIIs) were net sellers of Rs. 591cr, as per the provisional figures released by the NSE.

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