INDIAN BENCHMARKS-NEWS UPDATES

INDIAN BENCHMARKS are likely to start the session on a cautious note as the global cues look unsupportive with SGX  Nifty Trading Tips trading 38.50 points lower.

                                                                     

Events for the day:

• Nikkei India PMI Services 
• Nikkei India PMI Composite

Headlines for the day:

• Sun Life to Increase its stake in Birla Sun Life Insurance from 26% to 49% 
• Wipro acquires Cellent for 73.5 m euros 
• Ajanta Pharma receives USFDA nod for generic version of Namenda

Trend in FII flows: The FIIs were net  sellers of  Rs – 60.61Cr in the cash segment on Wednesday while the DIIs were net buyers of  Rs 78.31 Cr, as per the provisional figures released by the NSE.