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Monday, September 29, 2014

INDIAN EQUITY MARKET OUTLOOK-30 Sep 2014

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INDIAN BENCHMARK open marginal lower tracking weakness in their Asian peers with major focus on Reserve Bank of India's monetary policy review later today.

FURTHER, Tata Chemicals gain on reports that the company's US-based arm has signed long-term coal supply pact with Westmoreland. HDIL will see some activity on reports that the company has revoked all the pledged equity shares with IL&FS Trust Co.

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. 234cr, as per the provisional figures released by the NSE.

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