INDIAN
BENCHMARKS The Indian
equity benchmarks may open marginally in the red on Friday amidst weakness in
fellow Asian equities as a worsening slowdown in China sours the appetite for
risky assets. SGX Nifty is trading 14.00 points lower.
Global
Markets:
Asian
shares fell and the dollar held near an 8-1/2-month peak on Friday, while the
euro hovered around seven-month lows on expectations of additional stimulus
from the European Central Bank next week.US financial markets were closed on
Thursday for the Thanksgiving Day holiday.European shares hit three-month highs
on Thursday, rising in thin trade as expectations grew for aggressive European
Central Bank (ECB) action next week.
Major
Headlines of the day:
·
UltraTech
closing in on R-Infra's cement units.
·
Ashok
Leyland bags $200 million contract from Cote D'Ivoire.
·
NMDC
cuts iron ore price by 12.5%.
Trend in FII flows: The FIIs
were net sellers of Rs -398.10 Cr in the
cash segment on Thursday while the DIIs were net buyers of Rs 948.98 Cr, as per the
provisional figures released by the NSE.
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