INDIAN BENCHMARKS are likely to open lower tracking weak global cues. Further, weaker-than-expected September IIP and double digit consumer price inflation will weigh on market sentiment. Sun Pharma will also firm up on better-than-expected earnings from its subsidiary Taro Pharma.
FUTHER, Indian Oil Corp may see some action after on reports that the nation's biggest refiner, is in talks to buy Malaysian state oil company Petronas 10% stake in a Canadian shale gas asset. The major corporate that will announce their second quarter earnings today include, Tata Steel, Coal India, SBI and ONGC among others.
Trend in FII flows: The FIIs were net buyers of Rs 2558cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 1391cr, as per the provisional figures released by the NSE.
0 Comments