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Sunday, February 8, 2015

INDIAN EQUITY MARKET OUTLOOK-9 Feb 2015

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INDIAN BENCHMARKS are likely to open on a lower note as the global cues look unsupportive with SGX Nifty trading 93 points lower.
                             
Events for the day:
GDP Annual Estimate YoY.
GDP YoY data to be announced.

Results for February 09, 2015:
                     
L&T, JK Tyre, Zyduswell, DLF, FSL, Corporation Bank,  JP Power, Bank of India, JP Infratech

Headlines for the day:
Parsvnath to cut debt by Rs400 cr this quarter
Ramco Systems to raise Rs500 cr this year
Marico to revamp strategy for youth portfolio, eyes 20% growth

Trend in FII flows: The FIIs were net sellers of Rs -96.45cr in the cash segment on Friday while the DIIs were net buyers of Rs. 115.49 cr, as per the provisional figures released by the NSE.

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