INDIAN EQUITY MARKET STRATEGY-16 JULY 2014

INDIAN BENCHMARK has opened on a firm note tracking firm global cues. In addition, easier norms on bond sales for infrastructure and affordable housing notified by the RBI boosted the sentiments of the market participants.

FURTHER, DLF Ltd is planning to rise up to Rs 3,500 crore through issue of securities backed by IT-SEZ. Sun Pharmaceutical Industries rose 1.06% after the company announced acquisition of Pharmalucence Inc., by one of its subsidiaries.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. 471cr, as per the provisional figures released by the NSE.

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