INDIAN BENCHMARKS are likely to open flat with a negative bias in early trades tracking mixed cues from Asia. Sun TV Network may firm up after posting an increase of 11.55% in net profit at Rs 169.16 crore for the quarter ended September 30, 2013, as against Rs 151.65 crore for the same period of last fiscal year.
FUTHER, Tata Motors will be in action after the auto major reported 70.71% increase in its consolidated net profit at Rs 3,541.86 crore for the second quarter ended September 30. Dena Bank will also be under pressure after the PSU bank posted 55.19 per cent drop in the net profit at Rs 107.38 crore for the second quarter ended September 30, on sharp rise in provisions for stressed assets.
Trend in FII flows: The FIIs were net buyers of Rs 2366cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 1567cr, as per the provisional figures released by the NSE.
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