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Wednesday, August 27, 2014

INDIAN EQUITY MARKET OUTLOOK-28 Aug 2014

INDIAN BENCHMARK open marginally higher amid firm global cues. Further, markets are likely to remain volatile in the latter half of the trading session with expiry of August derivative contracts today.

FURTHER, Piramal Enterprises is rejigging its research and development activities with a focus on molecules that are at an advanced stage of development. DLF will continue to be under pressure after the Supreme Court on Wednesday directed DLF to deposit Rs 630 crore in the registry within three months.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 236cr, as per the provisional figures released by the NSE.

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