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Sunday, August 3, 2014

INDIAN BENCHMARK open with a positive bias tracking positive cues from most of the Asian markets. Investors are likely to maintain cautious approach ahead of the RBI credit policy on August 05, 2014. In addition, the release of HSBC India Services PMI data on Tuesday will further add to market cautiousness.

FURTHER, TVS Motor Company reported a 32.15 per cent increase in its total sales at 2, 03,092 units in July 2014. The company had sold 1, 53,676 units in the same month last year. Syndicate Bank has fell 6% in otherwise firm market after the Central Bureau of Investigation has arrested S K Jain, chairman and managing director of the bank, for allegedly accepting bribes from private companies to extend credit facilities.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Friday while the DIIs were net buyers of Rs. 1074cr, as per the provisional figures released by the NSE.

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