INDIAN EQUITY share indices are likely to flat amid mixed global cues. Stocks in Asia rose on hopes that US lawmakers would soon reach an agreement over the budget and end the shutdown.
FUTHER, SBI is likely to see activity on reports that the finance ministry is likely to allow the banking major to raise around Rs 8,000 crore of equity capital either through a QIP or a follow-on issue. Apollo Hospitals may see some action after the company said it has entered into a partnership with global medical technology major Medtronic Inc develop a cost-effective and efficient dialysis system in India.
Trend in FII flows: The FIIs were net buyers of Rs. 2706.65cr in the cash segment while the domestic institutional investors (DIIs) were net sellers of Rs. 1362.61cr, as per the provisional figures released by the NSE.
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