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INDIAN EQUITY MARKET OUTLOOK-30 July 2015

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INDIAN BENCHMARKS are likely to open on a positive note as the global cues look supportive with SGX Nifty trading 40 points higher.

Headlines for the day:
Allahabad Bank Q1 net profit up 30%; asset quality improves
Yes Bank Q1 net profit In-Line
Dabur Q1 earnings in line with estimates
Vedanta Q1 beats estimate; consolidated net profit at Rs866 cr

Trend in FII flows: The FIIs were net sellers of Rs – 186.24 Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs 642.69 Cr, as per the provisional figures released by the NSE.

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