Monday 14 September 2015

Sensex Likely to Open Higher; Sun Pharma to be in Focus

8:40 a.m.: The foreign institutional investors sold shares worth Rs 754 crore on Friday while the domestic institutional investors purchased shares worth Rs 411 crore.

FIIs have been selling Indian shares since quite some time now. In August FIIs sold record Rs 16,877 crore worth of Indian shares.

8:20 a.m.: The Sensex and Nifty are likely to open on a positive note tracking gains on the Nifty futures traded on the Singapore Exchange. The SGX Nifty was up 0.4 per cent or 31 points at 7,811.

Meanwhile, other Asian stock markets were trading in the red ahead of a long-awaited interest rate decision from the US Federal Reserve this week. Japan's Nikkei was down 0.5 per cent, China's Shanghai Composite fell 0.75 per cent and Shanghai Shenzen index plunged 1.2 per cent.

Back home, market participants would watch out for the August consumer price index (CPI) data and wholesale price index (WPI) which will be announced later in the day.

Factory output growth in July accelerated month-on-month to 4.2 per cent, beating analyst forecasts, government data showed on Friday.

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