Wednesday, 2 December 2015

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.

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