Indian markets saw profitbooking on Friday; Nifty slips to 5400 levels, as FIIs have turned net sellers in cash markets.
Stocks to watch
Tata Steel -Sale of Teesside plant -Corus raises prices -Brokerages becoming bullish on stock
DB Corp - Delhi HC issues stay on Ranchi edition launch
Events to watch -DTC Bill will be tabled post-noon in Parliament
Fund flows
FIIs were net sellers to the tune of Rs 108 crore while DIIs were net buyers of Rs 240 crore in the cash market on August 27, as per provisional data. FIIs were net buyers of Rs 2484 crore in the F&O market.
FIIs in F&O
FIIs were net sellers to the tune of Rs 222 crore in Index Futures and net sellers of Rs 87 crore in Stock Futures while FIIs were net buyers of Rs 2806 crore in Index Options.
US markets on Friday
The US markets witnessed best gain in three weeks after better-than-expected GDP numbers and Bernanke's comments.
Fed Chairman Bernanke said the Fed was willing to do what it takes to stabilize the recovery, reasonable to expect some pickup in growth in 2011 and subsequent years, even though the recovery in output and employment has slowed.
