INDIAN BENCHMARK open flat amid mixed
Asian cues but profit taking is likely to cap further gains after the rally
yesterday which pushed the benchmark indices to 3-week closing highs. Canara Bank
plans to sell Rs10bn worth of non-performing assets by the end of this
financial year.
FURTHER, Ashok Leyland
may see some action after the company is considering sale of its Chennai
property to trim its debt. Power Grid Corp plans to invest more than Rs610bn in
the next three financial years, with a significant chunk of funds to be raised
by way of bonds and debentures.
Trend in FII flows: The FIIs
were net buyers of Rs.292cr in the cash segment on Tuesday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 154cr, as per the provisional figures released by the NSE.
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