INDIAN BENCHMARKS: NEWS UPDATE

INDIAN BENCHMARKS  are expected to open flat with a negative bias following muted global trends and no immediate positive triggers for the markets.    

                                                                      

SGX Nifty is trading 21.50 points lower.

Indian shares rose for a 2nd consecutive day, heading for their first back-to-back gains so far this month, as investors continued to buy into beaten-down stocks such as ITC even though sentiment remained broadly cautious. The S&P BSE Sensex and CNX Nifty ended 0.41% and 0.40% higher each. On Tuesday (November 17, 2015) 30-share S&P BSE SE NSEX closed at 25864.47, up by 104.37 points while NSE  Nifty Trading Tips ended 30.95 points higher at 7837.55.

Major Headlines of the day:

• Infosys looks to step up local hiring in US.
• Bhushan Steel, Electrosteel Steels might look for strategic investors.
• SpiceJet likely to challenge CCI penalty order.                                                                 

Trend in FII flows:   The FIIs were net  sellers of  Rs -492.45 Cr in the cash segment on  Tuesday while the DIIs were net buyers of  Rs 783.02 Cr, as per the provisional figures released by the NSE.