INDIAN EQUITY MARKET OUTLOOK
INDIAN BENCHMARKS started on a
marginally positive note ahead of December F&O expiry today. The petroleum
ministry is planning a new subsidy-sharing mechanism that might come as relief
to upstream oil companies like ONGC, Oil India and GAIL India.
FURTHER, NTPC planning to bid for the upcoming ultra mega power project (UMPP) and seeking exemption from the investment ceiling on the state-run utility. Allahabad Bank gets shareholders nod for preferential issue to Government of Rs4bn and QIP of Rs3.2bn.
Trend in FII flows: The FIIs
were net buyers of Rs. 40cr in the cash segment on Tuesday while the
domestic institutional investors (DIIs) were net sellers of Rs. 43cr,
as per the provisional figures released by the NSE.
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