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Sunday, December 22, 2013

INDIAN EQUITY MARKET OUTLOOK-:23 DECEMBER


INDIAN BENCHMARKS is set to start on a positive note tracking an uprick in Asian markets which take heart from record gains on the Wall Street amid festive season. Market will now focus on the derivative expiry on Thursday.

FURTHER, NHPC has bought back equity worth Rs 2,368 crore under an offer that ended earlier this month after attracting more shares than targeted. More threat to Mallya's stake in United Spirits as UB Holdings had agreed to sell additional shares in United Spirits to Diageo at a price of Rs 1,440 per share.

Trend in FII flows: The FIIs were net buyers of Rs. 990cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 247cr, as per the provisional figures released by the NSE.

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