INDIAN BENCHMARK open with marginal
gains tracking a rebound in global markets on yesterday. Cement stocks will
remain in focus on the merger of Lafarge and Holcim. The country will pay close
attention to the poll turnouts too. Elections will be held in the North-East
states today.
FURTHER, Oil India has
raised US$1bn in the largest-ever regulation S (Reg S) bond deal from India to
support its Mozambique operations. New Zealand-based Steel & Tube
Holdings has agreed to acquire Tata Steel’s local business for a cash
consideration of NZ$27.5mn.
Trend in FII flows: The FIIs
were net buyers of Rs.703cr in the cash segment on Monday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 1081cr, as per the provisional figures released by the NSE.
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