INDIAN BENCHMARKS Gap down opening seen for Sensex amid subdued global cues. The key domestic benchmarks are poised to witness a bearish opening today as traders book profits following Thursday’s stellar gain when the 30-share Sensex posted its single-day percentage gain in nearly seven weeks as the Fed’s signal that it may undertake a gradual pace of interest rate tightening and fresh reform impetus from the Modi government bolstered the lure for risky assets.
SGX Nifty- Nifty is trading 13.00 points lower.
Indian shares rose over 1%, posting their biggest single-day percentage gain in nearly 7-weeks, tracking higher Asian markets on bets the US Federal Reserve would raise rates in December but proceed cautiously on more tightening. On Thursday (November 19, 2015) 30-share S&P BSE Sensex closed at 25841.92, up by 359.4 points while NSE Nifty");'> Nifty ended 110.95 points higher at 7842.75.
Major Headlines of the day:
1. Piramal, Axis Bank invest in Noida realty project
2. Hindalco, Birla Carbon to raise $2.4-bn via bonds
3. Strides Arcolab renamed as Strides Shasun.
Trend in FII flows:The FIIs were net sellers of Rs -343.18 Cr in the cash segment on Thursday while the DIIs were net buyers of Rs 233.82 Cr, as per the provisional figures released by the NSE.
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