RNRL asks Supreme Court to dismiss government’s petition on Reliance Industries gas.
Caution is going to be the mantra for the next few days as the market digests the recent spurt and awaits fresh good news. Global cues are mixed. Today, we expect a cautious start after an extended weekend. Things will be volatile given that we have the F&O expiry on Thursday
Though the overall mood is positive, the road ahead will be bumpy. The fact that we have already traveled so much since early March could bring in some apprehensions. The results are just round the corner and expectations are on the positive side. Among the big risks will be inflation and its fallout on monetary policy. FIIs will continue to play a key role.
FIIs were net buyers of Rs14.86bn in the cash segment on Friday on a provisional basis. The local funds pulled out Rs5.05bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs2.97bn. On Thursday, FIIs were net buyers of Rs26.63bn in the cash segment. The net FII investments in Indian stocks this year have crossed $9.8bn. Mutual Funds were net buyers of Rs1.01bn on Thursday
The deal street is buzzing with lots of M&M action happening over the past few days