INDIAN BENCHMARK opened marginally
higher tracking firm gains in Asia with financials. Jet Airways has
surged 9% to Rs 230 on reports that the Competition Commission of India
approved Etihad's 50.1% stake buy in Jet Privilege Private Ltd, a customer
loyalty programme unit of Jet Airways.
FURTHER, Oil and Natural
Gas Corp will sell an additional 15,000 cubic meters per day of gas to Steel
Exchange India Ltd (SEIL) for its captive power plant at Kothepeta. Bharti Airtel
announced a recast of Africa operations, dividing it into four strategic
business units that will report to Managing Director and Chief Executive
Officer from April 1.
Trend in FII flows: The FIIs
were net sellers of Rs.576cr in the cash segment on Wednesday while the
domestic institutional investors (DIIs) were net buyers of Rs. 815cr,
as per the provisional figures released by the NSE.
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