INDIAN
BENCHMARKS are likely to open flat on lacklustre cues, with gross
domestic product (GDP) growth forecast to remain below 5 percent for
the fourth consecutive quarter in the July-September period. GDP
data, due out on November 29, is expected to show that Asia's third
largest economy grew 4.6 percent on year.
FUTHER,
Wipro may see some price action after India’s third largest IT
company, has been threatened with legal action by authorities for
allegedly not paying Rs 17 crore property tax as sought by the
Bangalore municipal corporation.
Trend
in FII flows: The FIIs were net buyers of Rs. 102cr in the cash
segment on Thursday while the domestic institutional investors (DIIs)
were net buyers of Rs. 330cr, as per the provisional figures released
by the NSE.
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