INDIAN BENCHMARKS marking its highest close in nearly three years yesterday, rose by 684 points and closed at 20,647, led by banks, after the US Federal Reserve surprised the markets by sticking to its stimulus plan. Today market may open flat to negative lower as investors seem to be cautious ahead of the RBI monetary policy review to be announced.
FUTHER, Ranbaxy Laboratories is likely to strike down on reports that the company’s manufacturing facility in United State (US) is under surveillance of the US Food and Drug Administration (FDA).
Trend in FII flows: The FIIs were net buyers of Rs. 7118.16cr in the cash segment while the domestic institutional investors (DIIs) were net sellers of Rs. 3154.55r, as per the provisional figures released by the NSE.
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