INDIAN BENCHMARKS are likely to remain
cautious ahead the RBI’s third quarter monetary policy review today.
The market
may look at gaining some ground later in the day depending on what the RBI
governor has in store. NTPC
has expressed the hope that construction of the 1,320-Mw Katwa thermal power
plant in the state would begin construction in a few months.
FURTHER, Hindustan
Unilever reported stable numbers with the third quarter net profit growing 22
percent year-on-year supported by strong operational performance. Idea Cellular
reported 4.5 percent growth in net profit and 4.6 percent in revenues on
sequential basis.
Trend in FII flows: The FIIs
were net sellers of Rs.1334cr in the cash segment on Monday while the
domestic institutional investors (DIIs) were net buyers of Rs. 151cr,
as per the provisional figures released by the NSE.
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