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INDIAN EQUITY MARKET OUTLOOK-4 Sep 2014

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INDIAN BENCHMARK open marginally lower as investors are likely to book profits after recent gains while weak Asian cues and geopolitical tensions would weigh on sentiment.

FURTHER, DLF will be in action after the Punjab and Haryana High Court on Wednesday set aside the Haryana government’s decision to allot 350 acres of land in Wazirabad, Gurgaon. United Spirits reported a consolidated net loss of Rs 4,489 crore for the year ended March 31, 2014.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 469cr, as per the provisional figures released by the NSE.

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  1. Bank nifty traded down with low prices of 119.25 or -0.76% to 15990.35 led by down bank of india, canara bank, Federal bank, PNB down above 2%.

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