INDIAN EQUITY MARKET OUTLOOK - 02 FEB 2016

INDIAN BENCHMARKS may witness a muted opening on Tuesday, tracking mixed trend across Asian peers, as traders shift their focus to RBI policy review which will set direction for the domestic bourses. SGX Nifty is trading 12.50 points higher. India's stock markets ended 0.1 percent lower on Monday in lacklustre trading as markets took a breather after Friday's more than 2 percent gains, ahead of the RBI's monetary policy. The S&P BSE Sensex and CNX Nifty ended 0.18%-0.10% lower each. On Monday (February 01, 2016), 30-share BSE SENSEX closed at 24824.83, down by 45.86 points or by 0.18%, and the NSE Nifty ended at 7555.95, down by 7.6 points or by 0.1%

Headlines for the day:

• Sun Pharma hopes cut-price generic Gleevec will win third of US market.
• Sundram Fasteners to issue NCDs to raise Rs300 crore.
• Wipro picks stake in Pune startup Altizon Systems.
• Aurobindo Unit 7 gets USFDA observations.

Global Indices:

• Asian shares wobbled on Tuesday as crude oil prices slid on rekindled oversupply fears and after downbeat manufacturing data raised concerns about global momentum.
• U.S. stocks pared sharp opening losses to finish nearly unchanged on Monday, breaking the weeks-long correlation with oil prices.
• European shares fell on Monday, pulled lower by telecom equipment stocks amid investor disappointment over the terms of a deal between Nokia and Samsung to settle a legal dispute.

RESULT’S ON 2^ND FEB  2016 :  DLF, HSIL, TATA COMM, TUBE INVESTMENT, WELSPUN INDIA

Trend in FII flows:  

The FIIs were net  sellers of  Rs -253.88 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs 535.70 Cr, as per the provisional figures released by the NSE.

                                          

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