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INDIAN BENCHMARK open on a positive note tracking firm global cues. Oil marketing companies are likely to remain in focus after the government hiked the price petrol by Rs Rs 1.69 per litre and Diesel by 50 paise.

FURTHER, Shriram Transport Finance Company is set to raise Rs 3,000 crore through a public issue of secured, redeemable non-convertible debentures. Union Bank of India has proposed to raise Rs 1,386 crore through Qualified Institutional Placement to fund its business growth.

Trend in FII flows:
The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net sellers of Rs. 181cr, as per the provisional figures released by the NSE.

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