INDIAN EQUITY MARKET OUTLOOK-12 MARCH 2015

INDIAN BENCHMARKS are likely to open on a slightly higher note as the global cues look mixed with SGX Nifty trading 17.50 points higher.
Events for the day:
•ADLABS Entertainment IPO closes today.
•IIP and CPI data to be announced post markets hours.
Headlines for the day:
•ICICI Bank in talks to sell 5% stake in ICICI Pru Life for $300 mn.
•Insurance Bill likely to be tabled in Rajya Sabha today.
•Bharti Airtel and Tata Tele services to join hands for sharing infrastructure.
•Elder Pharma clears pending statutory payments worth Rs26 cr.
Trend in FII flows: The FIIs were net seller of Rs 444.65 cr in the cash segment on Wednesday while the DIIs were net buyer of Rs. 338.96 cr, as per the provisional figures released by the NSE.
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