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Thursday, April 3, 2014

INDIAN EQUITY MARKET OUTLOOK-4 APR

INDIAN BENCHMARK open on a weak note on profit taking and caution ahead of key U.S. jobs data later in the day. SAIL has kept its prices for the current month unchanged amid weak demand and appreciation in the value of the rupee.
  
FURTHER, Dish Tv will be in focus after Telecom Disputes and Settlement Appellate Tribunal (TDSAT) has deferred a case regarding the payment of licence fees on basis of their gross revenue to May 6. Tata Motors announced its entry into the Philippines market at the Manila International Auto Show.
  
Trend in FII flows: The FIIs were net buyers of Rs.717cr in the cash segment on Thursday while the domestic institutional investors (DIIs) were net sellers of Rs. 716cr, as per the provisional figures released by the NSE.

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