INDIAN
BENCHMARKS are expected to open on a negative note tracking similar trend in
Asian bourses. The
government will announce the June quarter current account and fiscal deficit
data today, which will set the tone for stocks in the days ahead.
FUTHER, Automobile shares are likely to be in focus, with companies set
to announce their September sales figures this week. Bank of India plans
to mobilize about $1 billion through foreign currency non-resident-bank
deposits from Indians residing abroad.
Trend in FII
flows: The
FIIs were net buyers of Rs 1787cr in the cash segment on Friday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 1056cr, as per the provisional figures released by the NSE.
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