INDIAN EQUITY MARKET OUTLOOK-16 APR

INDIAN BENCHMARK open higher tracking firm Asian cues after better-than-expected first quarter growth from China. Crompton Greaves may continue to witness trading activity on reports that Hitachi is likely to pick up promoter stake in the company.

FURTHER, Reliance Industries will be in focus after the Supreme Court resumes hearing in the KG-D6 gas pricing case. Jubilant Foodworks will be in action after FIIs can now acquire 55% of the equity against 49% earlier.

Trend in FII flows: The FIIs were net sellers of Rs.21cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 278cr, as per the provisional figures released by the NSE.

 

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