INDIAN BENCHMARKS are likely to start the session on a cautious note as the global cues look unsupportive with SGX Nifty trading 38.50 points lower.
Events for the day:
• Nikkei India PMI Services
• Nikkei India PMI Composite
Headlines for the day:
• Sun Life to Increase its stake in Birla Sun Life Insurance from 26% to 49%
• Wipro acquires Cellent for 73.5 m euros
• Ajanta Pharma receives USFDA nod for generic version of Namenda
Trend in FII flows: The FIIs were net sellers of Rs – 60.61Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs 78.31 Cr, as per the provisional figures released by the NSE.
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