INDIAN EQUITY MARKET STRATEGY-21 JULY 2014

INDIAN BENCHMARK have opened on a firm note tracking positive global cues. Moreover, the advancement of monsoon rains has boosted the market sentiments.

FURTHER, Reliance Industries Ltd has posted a net profit/(loss) after taxes, minority interest and share in profit/(loss) of associates of Rs. 59570 mn for the quarter ended June 30, 2014 as compared to Rs. 52370 million for the quarter ended June 30,2013. Reliance Power has posted a growth of 1.8% in its first quarter (April-June) with a consolidated net profit at Rs 244.3 crore as against Rs 240 crore in the year-ago period.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Friday while the DIIs were net sellers of Rs. 283cr, as per the provisional figures released by the NSE.