Tuesday, 10 December 2013

INDIAN MARKET OUTLOOK - 11 December 2013

INDIAN BENCHMARKS likely to further consolidate today and is seen opening lower tracking lacklustre, as benchmarks came under selling pressure yesterday as investors booked profits at higher levels.
FURTHER, The Competition Commission of India (CCI) has slapped Coal India Ltd (CIL) with a penalty of Rs 1,773 crore for allegedly abusing dominant position in supply of the dry fuel. Heineken upped its stake in Vijay Mallya’s United Breweries Ltd, which owns the lucrative Kingfisher beer brand, through the open market purchase.
Trend in FII flows: The FIIs were net buyers of Rs.395 cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 628 cr, as per the provisional figures released by the NSE.

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