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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