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Friday, 3 January 2014

INDIAN EQUITY MARKET OUTLOOK-06 Jan 2014

INDIAN FACE

INDIAN EQUITY BENCHMARK ended flat, amid a volatile trading session, on account of short covering in late trades after foreign institutional investors continued to remain buyers despite weakness in the markets.Tata Motors ended down after the company reported a 42.28% year-on-year decline inits total vehicle sales at 37,852 units in December 2013.

Further,Coal India ended down 1.7% after it recorded an output of 319.19 million tonnes for the April-December period.

Maldives is in talks with GMR whose over US$500mn Male airport project was scrapped, for an out-of-court settlement and not through arbitration.


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