INDIANBENCHMARKS are likely to open positive tracking firm global cues. Traders have eyed the start of the two-day Federal Reserve meeting later in the session. Bharti Airtel, DLF, Godrej Properties, IDBI Bank, Jindal Steel, LIC Housing Finance and Lupin will unveil the second quarter earnings.
FUTHER, Ranbaxy Laboratories reported a loss of Rs 454.16 crore for the third quarter ended September 30, against a profit of Rs. 750 crore a year earlier. An extended downturn in demand for some of the key steel products made by Tata Steel Europe has led to an announcement of restructuring proposals by the company which could lead to a loss of around 500 jobs.
Trend in FII flows: The FIIs were net buyers of Rs 2838cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 1885cr, as per the provisional figures released by the NSE.
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