INDIAN EQUITY MARKET OUTLOOK- 29 Mar 2016
Sensex above 25000, Nifty eyes 7650; banks, metals, FMCG lead
Equity benchmarks gained marginal strength amid choppy trade, supported by banks, FMCG, metals and auto stocks. The 30-share BSE Sensex rose 61.47 points to 25027.87 and the 50-share NSE Nifty advanced 23.55 points to 7638.65.
The broader markets also traded higher with the BSE Midcap and Smallcap indices rising 0.2 percent and 0.3 percent, respectively. About 899 shares advanced against 632 declining shares on BSE.
Reliance Industries, ITC, Axis Bank, Tata Motors, Maruti Suzuki, SBI, Hindalco Industries and Tata Steel gained 1-3 percent while Lupin and Sun Pharma plunged more than 2 percent.
Major Headlines of the day:
Ashok Leyland sells 0.55% stake in Indusind Bank for Rs300 cr
Cadila Healthcare acquires 'Actibile’ from Albert David for Rs55 Cr
LIC ups stake in IDBI Bank to 14.3%
Trend in FII flows:The FIIs were net sellers of Rs -2042.94 Cr in the cash segment on Monday while the DIIs were net buyers of Rs 2494.44 Cr, as per the provisional figures released by the NSE.
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