INDIAN EQUITY MARKET OUTLOOK - 03 FEB 2016

INDIAN BENCHMARKS are poised to witness a gap down opening on Wednesday tracking an intense sell-off in equities worldwide as a continued oil collapse and mounting worries over a China slowdown signaled heightened risks to global economic growth, prompting a fight from risky assets. SGX Nifty is trading 62.50 points lower. As expected, the Reserve Bank of India (RBI) left key interest rates unchanged. India's broader NSE index was trading down 0.2% in a volatile session on Tuesday, but bank stocks rose on bargain hunting in the beaten-down sector after the central bank left key rates unchanged, as widely expected. On Tuesday (February 02, 2016), 30-share BSE Sensex closed at 24539, down by 285.83 points or by 1.15% and the NSE Nifty ended at 7455.55, down by 100.4 points or by 1.33%.

Headlines for the day:

Karnataka allows Intel to invest Rs1,100 cr on new campus.

DLF posts 24% jump in consolidated net profit.

Idea rolls out 4G services in Odisha.

Global Indices:

Asian shares tumbled on Wednesday as oil prices dropped for a third day, prompting investors to seek shelter in safe-haven assets and lifting bonds and gold to multi-month highs. The leading US share index plunged 295 points on Tuesday with oil companies and banks falling sharply.

European equities fell sharply on Tuesday as crude oil prices slipped again and companies like BP reported disappointing earnings.

RESULT’S ON 3^rd FEB  2016 :  HEWAWARE, IOC, BAJAJ FIN, DISHTV, KEC

Trend in FII flows:  

The FIIs were net  sellers of  Rs -113.98 Cr in the cash segment on Tuesday while the DIIs were net buyers of  Rs 323.23 Cr, as per the provisional figures released by the NSE.
                                   

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