INDIAN EQUITY MARKET OUT LOOK 07JANUARY 2014

INDIAN BENCHMARKS open higher, amid firm Asian cues. Future Retail is looking at a turnover of Rs130bn in the next financial year.

FURTHER, L&T Construction has bagged orders worth Rs29.62bn across its business segments. The buildings and factories business has got orders worth Rs15.55bn. Reliance MediaWorks is looking at acquisitions to strengthen the presence of its multiplex chain Big Cinemas with an investment of Rs1bn.

Trend in FII flows: The FIIs were net sellers of Rs.318cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 22cr, as per the provisional figures released by the NSE.

INDIAN EQUITY MARKET OUTLOOK-6JANUARY

INDIAN BENCHMARKS expected to remain weak, as investors anticipate the minutes of the US Federal Reserve's previous board meeting due on Thursday and the start of the December quarter earnings results' season.

FURTHER, Infosys will separate its new-generation business into a subsidiary, freeing it to focus on large outsourcing contracts. Maruti Suzuki will soon introduce a revolutionary technology allowing manual gears to be used like automatic transmission without engaging the clutch.

Trend in FII flows: The FIIs were net sellers of Rs.18cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 280cr, as per the provisional figures released by the NSE.

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