INDIAN BENCHMARK open lower, amid weak
global cues, after global markets witnessed a sell-off on lower-than-expected
manufacturing data in the US. Essar Group has infused more than US$150 mn into
Trinity Coal Corp, helping the US-based subsidiary emerge from bankruptcy.
FURTHER, Bharti Airtel
is looking at ways to hive off its South Asian towers business. The company is
likely to sell about 70-80 percent in the tower arm. Tata Motors
introduced its new sub-four-metre sedan, Zest, powered by the company’s new
Revotron gasoline engine, Ford India made the global premiere of sedan Figo
Concept in New Delhi.
Trend in FII flows: The FIIs
were net sellers of Rs.735cr in the cash segment on Monday while the
domestic institutional investors (DIIs) were net sellers of Rs. 70cr,
as per the provisional figures released by the NSE.
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