INDIAN BENCHMARKS are likely to open marginally higher on positive cues from Asia. Federal Bank may witness pressure after the bank on clarified that no formal approval has been received from FIPB on foreign investment in the Bank as per reports. Stocks like GAIL India, Essar oil are likely to be under pressure after reported net loss in second quarter earnings.
FUTHER, FMCG major Hindustan Unilever may firm up after the FMCG major beat street expectations recording 9.6 per cent growth in net sales to Rs 6,747.2 crore, while net profit was up 13.2 per cent to Rs 913.8 crore for Jul-Sep quarter.
Trend in FII flows: The FIIs were net buyers of Rs 2300cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 1155cr, as per the provisional figures released by the NSE.
0 Comments