Wednesday, 9 July 2014
INDIAN BENCHMARK have opened flat after
the sharp fall in the previous two sessions even as market participants adopted
a wait-and-watch stance ahead of Finance Minister Arun Jaitley's maiden Budget
presentation later today.
FURTHER, ITC is likely
to remain in focus after Union health minister Harsh Vardhan urged Finance
Minister Arun Jaitley to raise tax on cigarettes in the upcoming final Union
Budget for 2014-15 to deter people from smoking. Sebi imposed a fine of Rs10.3mn
on Apollo Tyres for allegedly failing to comply with buyback regulations.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Wednesday while the
DIIs were net sellers of Rs. 265cr, as per the provisional figures
released by the NSE.
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