INDIAN BENCHMARKS The Indian equity benchmarks may open marginally in the red on Friday amidst weakness in fellow Asian equities as a worsening slowdown in China sours the appetite for risky assets. SGX Nifty is trading 14.00 points lower.
Asian shares fell and the dollar held near an 8-1/2-month peak on Friday, while the euro hovered around seven-month lows on expectations of additional stimulus from the European Central Bank next week.US financial markets were closed on Thursday for the Thanksgiving Day holiday.European shares hit three-month highs on Thursday, rising in thin trade as expectations grew for aggressive European Central Bank (ECB) action next week.
Major Headlines of the day:
1. UltraTech closing in on R-Infra's cement units.
2. Ashok Leyland bags $200 million contract from Cote D'Ivoire.
3. NMDC cuts iron ore price by 12.5%.
Trend in FII flows:The FIIs were net sellers of Rs -398.10 Cr in the cash segment on Thursday while the DIIs were net buyers of Rs 948.98 Cr, as per the provisional figures released by the NSE.