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Thursday, 26 September 2013

MARKET UPDATE


Dear all,

INDIAN BENCHMARKS after closing the September series as the best so far in 2013, where the Nifty rallied 9 percent, the October series is likely to open on a flat to positive note.

FUTHER, Adani Enterprises will be under pressure as Australia's new government has ordered major coal and coal seam gas projects to seek national environmental approval. Pharma firms Lupin, Ranbaxy under see a negative start after US-based Forest Laboratories Inc and Forest laboratories Holding along with Royalty Pharma filed lawsuits against several firms including Lupin and Ranbaxy for infringement of patents related to Savella.
Trend in FII flows: The FIIs were net buyers of Rs. 3432.45cr in the cash segment while the domestic institutional investors (DIIs) were net sellers of Rs. 1540.20cr, as per the provisional figures released by the NSE.

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