INDIAN
BENCHMARKS are likely
to open in the red zone on Dalal Street as the global cues look unsupportive
with SGX Nifty trading 50.50 points lower.
Headlines
for the day:
- · CPI inflation for November 2015 comes at 5.41%.
- · Sun Pharma announces divestment of US manufacturing unit.
- · Natco gets USFDA nod for generic Daclatasvir Dihydrochloride for India.
- · Mahindra group to acquire Italian car designer Pininfarina through JV route.
CPI
Inflation for November 2015 comes at 5.41%
·
CPI inflation
came in at 5.41%, higher than consensus estimates due to rise in food inflation
(6.07% Vs 5.25% MoM).
·
Certain parts
of the food basket like pulses, vegetables (mainly protein based) have added
pressure to CPI inflation.
Trend in FII flows: The FIIs
were net sellers of Rs – 157.07 Cr in the
cash segment on Monday while the DIIs were net buyers of Rs 386.47 Cr, as per the
provisional figures released by the NSE.
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