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Wednesday, 29 July 2015

INDIAN EQUITY MARKET OUTLOOK-30 JULY 2015

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INDIAN BENCHMARKS  are likely to open on a positive note as the global cues look supportive with SGX Nifty trading 40 points higher.                                                 
Headlines for the day:
Allahabad Bank Q1 net profit up 30%; asset quality improves.
Yes Bank Q1 net profit In-Line.
Dabur Q1 earnings in line with estimates.
Vedanta Q1 beats estimate; consolidated net profit at Rs866 cr.                                                                                                                                                                                                                                              
Trend in FII flows: The FIIs were net  sellers of Rs  - 186.24 Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs   642.69 Cr, as per the provisional figures released by the NSE.
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