INDIAN BENCHMARKS-NEWS UPDATES

INDIAN BENCHMARKS The Indian equity benchmarks may open marginally in the red on Friday amidst weakness in fellow Asian equities as a worsening slowdown in China sours the appetite for risky assets.  SGX  Nifty Trading Tips is trading 14.00 points lower.
                                                                   
Global Markets:
Asian shares fell and the dollar held near an 8-1/2-month peak on Friday, while the euro hovered around seven-month lows on expectations of additional stimulus from the European Central Bank next week.US financial markets were closed on Thursday for the Thanksgiving Day holiday.European shares hit three-month highs on Thursday, rising in thin trade as expectations grew for aggressive European Central Bank (ECB) action next week.

Major Headlines of the day:

• UltraTech closing in on R-Infra's cement units.
• Ashok Leyland bags $200 million contract from Cote D'Ivoire.
• NMDC cuts iron ore price by 12.5%.

Trend in FII flows:   The FIIs were net  sellers of  Rs -398.10 Cr in the cash segment on Thursday while the DIIs were net buyers of  Rs 948.98 Cr, as per the provisional figures released by the NSE.