Sunday, 3 August 2014
INDIAN BENCHMARK open with a positive bias tracking positive cues from
most of the Asian markets. Investors are likely to maintain cautious approach
ahead of the RBI credit policy on August 05, 2014. In addition, the release of
HSBC India Services PMI data on Tuesday will further add to market
cautiousness.
FURTHER, TVS Motor Company reported
a 32.15 per cent increase in its total sales at 2, 03,092 units in July 2014.
The company had sold 1, 53,676 units in the same month last year. Syndicate Bank has fell 6% in otherwise firm market after the Central
Bureau of Investigation has arrested S K Jain, chairman and managing director
of the bank, for allegedly accepting bribes from private companies to extend
credit facilities.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Friday while the DIIs
were net buyers of Rs. 1074cr, as per the provisional figures released by
the NSE.
