Thursday, 5 September 2013

INDIAN MARKET OUTLOOK - 06 SEPTEMBER 2013

INDIAN BENCHMARKS are likely to extend yesterday’s gains tracking positive global cues. Markets surged yesterday and Rupee staged a smart recovery after the new RBI governor Raghuram Rajan's initial announcements sparked hopes of shoring up an ailing economy and currency.

FUTHER, Sesa Goa shares will move upside. It was the top loser in the nifty yesterday after rallying 50 percent in the last one month. Today, 210 crore shares of Sesa Goa hit the market on the back of the ongoing Sesa Sterlite merger progress. Bhel electronics division here has bagged an order worth Rs 96 crore from NTPC to set up a 15 MW-solar power plant in Uttar Pradesh.

Trend in FII flows: The FIIs were net buyers of Rs 4293cr in the cash segment on Thursday while the domestic institutional investors (DIIs) were net sellers of Rs. 1651cr, as per the provisional figures released by the NSE.

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