INDIAN EQUITY MARKET STRATEGY-15 JULY 2014

INDIAN BENCHMARK have opened on a firm note tracking strong global cues. In addition, easing of WPI & CPI inflation data and advancement of monsoons boosted the sentiments of the market participants.  The CPI data stood at 7.31% in June as against 8.28% on month-on-month.

FURTHER, United Spirits has inked a pact to buy JP Impex Incorp's Karnataka-based assets including plant and machinery for Rs 11.5 crore, enhancing its liquor manufacturing capacity in the state. Tata Sponge Iron has surged 8% after reporting an over two-fold jump in standalone net profit at Rs 44 crore for the first quarter ended June 30, 2014.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net sellers of Rs. 331cr, as per the provisional figures released by the NSE.

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