Monday 2 December 2013

INDIAN MARKET OUTLOOK - 03 DECEMBER 2013

 
INDIAN BENCHMARKS open in the red on account of negative global cues, as an unexpectedly strong U.S. factory activity gauge bolstered expectations the Federal Reserve will soon reduce its stimulus.
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FUTHER, RIL insider-trading case adjourned fighting with two cases- one challenging the new consent mechanism guidelines, another seeking adjudication proceedings on the insider trading case. Cairn India is trading higher by 1% at Rs 323 in early morning deals on the NSE on media reports that the company has struck significant oil reserves in its Krishna-Godavari (KG) Basin onshore field KG-ONN-2003/1.
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Trend in FII flows: The FIIs were net buyers of Rs. 790cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 618cr, as per the provisional figures released by the NSE.
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