INDIAN BENCHMARKS open on a positive
note, as market are concerned about the uncertainty of the outcome of the
general elections on account of the potential impact of the AAP showing in the
recent Delhi state elections. Investors are worried about the rise of AAP as a
key force in national politics.
FURTHER, Oil and Natural
Gas Corp and Oil India Ltd paid $ 2.475 bn to Videocon Group for acquiring 10%
stake in gas field off Mozambiqu. Indian Overseas Bank would provide finance
up to Rs 50 lakh to micro, small and medium enterprises in the manufacturing
sector while Rs 25 lakh for service sector.
Trend in FII flows: The FIIs
were net sellers of Rs.567cr in the cash segment on Tuesday while the
domestic institutional investors (DIIs) were net buyers of Rs. 59cr,
as per the provisional figures released by the NSE.
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