INDIAN EQUITY MARKET OUTLOOK-19 Nov 2015

INDIAN BENCHMARKS  Bullish opening on the cards for Sensex on global rally.

                                                                   

SGX Nifty is trading 66.00 points higher.

Indian shares slumped more than 1% today and headed for their biggest single-day percentage loss in a week as lingering concerns about earnings and the worsening global risk environment hit blue chips across the board. The S&P BSE Sensex and CNX Nifty ended 1.48% and 1.35% lower each On Wednesday (November 18, 2015) 30-share BSE SE NSEX closed at 25482.52, down by 381.95 points while NSE Nifty ended 105.75 points lower at 7731.80.

Major Headlines of the day:

1. Hero MotoCorp achieves retail sales of over 1 million units.

2. Amtek Auto may sell Tekfor for Rs6,000 crore.

3. Tata Steel may pump Rs1 lakh cr into Odisha plant.

Trend in FII flows:The FIIs were net  sellers of  Rs -768.46 Cr in the cash segment on  Wednesday while the DIIs were net buyers of  Rs 759.26 Cr, as per the provisional figures released by the NSE.

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