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Monday, December 8, 2014

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INDIAN BENCHMARK  are likely to open lower today tracking a bearish trend in most Asian markets and a negative closing at Wall Street overnight as oil prices tumbled.  SGX Nifty is trading 34.50 points lower.
Investors are likely to weigh the bleak current account deficit (CAD) data which showed that India’s current account shortfall widened to USD 10.1 billion or 2.1% of July-September 2014 GDP, the biggest deficit in more than a year as gold imports jumped, raising fresh concerns over the health of Asia’s third biggest economy.Caution ahead of Friday’s IIP and CPI numbers may also weigh on sentiment.                    

FURTHER, Maruti bags 4,000-Gypsy order from army.

BHEL commissions hydro power plant in Rwanda.

Oil minister urges South Korean envoy to clear hurdle for GAIL's LNG ships.
Trend in FII flows: The FIIs were net buyers of Rs 4984.6  cr in the cash segment on Thursday while the DIIs were net sellers of Rs. 1030.65 cr, as per the provisional figures released by the NSE.

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