INDIAN BENCHMARKS are likely to open higher tracking gains in overseas
markets. Sun Pharma will be in focus after results for the
September quarter were way ahead of Street estimates. Net sales at Rs 4,192
crore marked a growth of 58 per cent over the same quarter last year.
FUTHER, Tata Steel will be in action after the company reported a Rs 917
crore of consolidated net profit for the quarter ended September 2013. In the
same period a year ago, the company posted a net loss of Rs 364 crore. The
total income increased 7% to Rs 3,685 crore as against Rs 3,433 crore in
September 2012. Hindustan Copper will be in focus after the
state-owned Hindustan Copper posted nearly 42% rise in net profit for the
July-September quarter at Rs 62 crore.
Trend in FII flows: The FIIs were net buyers of Rs 2592cr in
the cash segment on Wednesday while the domestic institutional investors (DIIs)
were net sellers of Rs. 1145cr, as per the provisional figures released
by the NSE.
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