INDIAN EQUITY MARKET OUTLOOK-26 DECEMBER

INDIAN BENCHMARKS started on a marginally positive note ahead of December F&O expiry today. The petroleum ministry is planning a new subsidy-sharing mechanism that might come as relief to upstream oil companies like ONGC, Oil India and GAIL India.

FURTHER, NTPC planning to bid for the upcoming ultra mega power project (UMPP) and seeking exemption from the investment ceiling on the state-run utility. Allahabad Bank gets shareholders nod for preferential issue to Government of Rs4bn and QIP of Rs3.2bn.

Trend in FII flows: The FIIs were net buyers of Rs. 40cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 43cr, as per the provisional figures released by the NSE.

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DAILY EQUITY REPORT-26 December 2013

DAILY EQUITY REPORT

INDIAN FACE 

INDIAN EQUITY BENCHMARK ended near their day's lows, amid a range bound trading session, as investors booked profits in late trades unwilling to carry over positions ahead of the Christmas holiday tomorrow followed by expiry of December derivative contracts on Thursday. 

Further, Sesa Sterlite ended down after the (CBI) said it 
started an investigation into possible irregularities in its stake buy in Hindustan Zinc Ltd 

UltraTech Cement ended up CCI has approved the company’s proposal to acquire two plants of Jaypee Cement Corporation in Gujarat. 

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