INDIAN EQUITY MARKET OUTLOOK-23 JULY 2014

INDIAN BENCHMARK opened on a strong note with the Nifty starting to its all time high of a over 7,800.

FURTHER, Syndicate Bank plans to raise Rs 1,100 crore through a qualified institutional placement in the current financial year. KPIT Technologies reported a 17.1% rise in the Q1 net profit at Rs33.5 crore from Rs28.6 crore in the corresponding period previous year. On a sequential basis, net profit declined by 26.6%.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net buyers of Rs. 59cr, as per the provisional figures released by the NSE.
 

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