INDIAN BENCHMARKS are likely to open in the red zone on Dalal Street as the global cues look unsupportive with SGX Nifty Trading Tips trading 50.50 points lower.
Headlines for the day:
- CPI inflation for November 2015 comes at 5.41%
- Sun Pharma announces divestment of US manufacturing unit
- Natco gets USFDA nod for generic Daclatasvir Dihydrochloride for India
- Mahindra group to acquire Italian car designer Pininfarina through JV route
CPI Inflation for November 2015 comes at 5.41%
- CPI inflation came in at 5.41%, higher than consensus estimates due to rise in food inflation (6.07% Vs 5.25% MoM).
- Certain parts of the food basket like pulses, vegetables (mainly protein based) have added pressure to CPI inflation.
Trend in FII flows: The FIIs were net sellers of Rs – 157.07 Cr in the cash segment on Monday while the DIIs were net buyers of Rs 386.47 Cr, as per the provisional figures released by the NSE.
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