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Thursday, May 28, 2015

INDIAN EQUITY MARKET OUTLOOK-29 May 2015

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INDIAN BENCHMARKS are likely to open on a subdued note as the global cues look unsupportive with SGX Nifty trading 17 points lower.  
                                            
Events for the day:
GDP YoY data to be announced
GDP Annual Estimate YoY to be released
                                                                                     
Headlines for the day:
GMR consortium bags Rs5080 crore DFCC contract
Amara Raja posts a robust 30% growth in net profit
DCM Limited reports 4x jump in net profits                                                                                    
Results on May 29, 2015
Berger Paints, Cipla, EID Parry, India Cements, Indian Hotels, The Ramco Cement, M&M, Bosch, Unitech, Reliance Capital, BEML, Bharat Electron, SAIL, Neyveli Lignite, Sun Pharma, Oil India, Jet Airways, NTPC, IOCL, NHPC, Suzlon Energy, PVR, Sun TV, Info Edge, Glenmark Pharma, Hathway Cable, GMR Infra, RComm, Religare, IRB Infra, Just Dial

Trend in FII flows: The FIIs were net sellers of Rs -792.54 Cr in the cash segment on Thursday while the DIIs were net buyers of Rs  683.29 Cr, as per the provisional figures released by the NSE.
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