INDIAN BENCHMARK are likely to
edge higher in today’s trade. The up move is on account of robust FII
interest in the Indian equities and positive global cues. TCS won a
multi-million, multi-year deal from GDF Suez, a global leader in the energy
sector.
FURTHER, Glenmark
Pharmaceuticals has received US$4 mn as research fee from Forest Laboratories
Inc for drug development, taking the total amount received from the US-based
firm to US$15 mn so far. Tata
Steel has sold a 25-acre plot in Borivali in suburban Mumbai to Oberoi Realty
for Rs. 11.55bn
Trend in FII flows: The FIIs
were net buyers of Rs.1465cr in the cash segment on Tuesday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 770cr, as per the provisional figures released by the NSE.
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