INDIAN BENCHMARKS may open marginally higher tracking positive Asian cues. Markets may react to the economic growth data that was announced post market hours on Friday. India's first quarter GDP growth was the slowest in four years. It came in at a lower-than-expected 4.4 percent as the manufacturing and mining sectors contracted. The movement of rupee and foreign fund flows would drive the stock market this week
FUTHER, Watch for OMCs in trade today. For the sixth time in three months, petrol prices have been hiked by Rs 2.35 per litre and diesel by 50 paisa per litre excluding VAT. The focus is likely to now shift to whether the one-time diesel price hike comes through post the monsoon session. India’s pharmaceuticals sector has received FDI of $1 billion, the highest among the top 10 segments, during this year.
Trend in FII flows: The FIIs were net buyers of Rs 6422cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 1520cr, as per the provisional figures released by the NSE.
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FUTHER, Watch for OMCs in trade today. For the sixth time in three months, petrol prices have been hiked by Rs 2.35 per litre and diesel by 50 paisa per litre excluding VAT. The focus is likely to now shift to whether the one-time diesel price hike comes through post the monsoon session. India’s pharmaceuticals sector has received FDI of $1 billion, the highest among the top 10 segments, during this year.
Trend in FII flows: The FIIs were net buyers of Rs 6422cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 1520cr, as per the provisional figures released by the NSE.
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