INDIAN EQUITY MARKET OUTLOOK - 04 DEC 2015

INDIAN BENCHMARKS may extend recent losses tracking weakness in Asian stocks. SGX Nifty is trading 58.00 points lower. Indian shares fell nearly 1% on Thursday, their biggest single-day percentage fall in more than two weeks after hawkish comments from US Federal Reserve Chair Janet Yellen reinforced the case for an interest rate hike later this month. The S&P BSE Sensex and CNX Nifty ended 0.89%-0.85% lower each. On Thursday (December 04, 2015) Sensex lost 231.23 points or 0.89% to settle at 25,886.62. The Nifty 50 index shed 67.20 points or 0.85% to settle at 7,864.15.

                                                                      

Major Headlines of the day:

·        Jet Airways ATR planes cleared for low visibility operations

·        Chennai Petroleum shuts 210,000 bpd refinery due to flooding

·        Reliance Defence applies for 16 industrial licences

Trend in FII flows:   The FIIs were net  sellers of  Rs – 611.43 Cr in the cash segment on Thursday while the DIIs were net buyers of  Rs 521.11 Cr, as per the provisional figures released by the NSE.

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