INDIAN BENCHMARKS slip on caution ahead of the Budget.

INDIAN EQUITY BENCHMARKS ended lower amid volatile trading session as the domestic and global investors turn cautious ahead of the Union Budget to be presented by the Finance Minister tomorrow in the Parliament.

Further, Shares of Tata Power dropped on reports that Tata Power and Reliance Power are betting big on renewable energy and are willing to spend about Rs 1,500 crore each on clean energy projects. ONGC Videsh raised US$2.23bn from global markets through long term bonds to refinance loans for acquiring stake in oil field in Mozambique.

The crucial resistance for Nifty is now seen at 7670 and above this 7730.Support for the immediate term is now placed at 7555 and next support will be 7510.

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INDIAN EQUITY MARKET STRATEGY-09 JULY 2014

INDIAN BENCHMARK have erased early gains and are trading lower weighed down by financials, capital goods and auto shares. The Economic Survey will be released today by the Finance Ministry at 12 pm.

FURTHER, IDFC fell 0.51% after the company reduced the foreign investors investment limit by 0.75% to 51.50%. Shares of Reliance Infrastructure Ltd was down 2% on reports that Telangana government entity has approved a restructuring plan by consultancy firm EY for a project that includes a 100-storey trade tower in Hyderabad.

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. 399cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET STRATEGY-08 JULY 2014

INDIAN BENCHMARK open in the positive terrain as investors are expecting fundamental reforms and technical up gradation of the railways in the Railway Budget, which is due later during the day.

FURTHER, Dena Bank has sought Rs. 1,200 crore capital infusion from government in the current fiscal. Shares of railway related companies are in focus and trading higher by up to 4% in early morning deals ahead of Railway Budget today.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net sellers of Rs. 85cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET STRETAGY-07 JULY 2014

INDIAN BENCHMARK have started the trading session on a firm note with the Indices hitting lifetime high. The first Budget session of the 16th Lok Sabha begins today.

FURTHER, Tata Power has decided to sell its 5% stake in PT Kaltim Prima Coal for about $ 250 million to reduce its debt, less than six months after offloading its holding in another Indonesian coal company named PT Arutmin. Adani Ports has formed an equal joint venture with French shipping company CMA CGM to build a container terminal at Mundra in Gujarat.

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. 853cr, as per the provisional figures released by the NSE.

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