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EquityTips
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Sunday, June 29, 2014

INDIAN BENCHMARK started on a strong note with the Sensex and Nifty up 0.5% each in opening trades. The early gains were lead by financials and ITC.

FURTHER, Reliance Industries Ltd along with its partner British Petroleum is planning to invest about Rs 800 crore to carry out exploratory drilling in an offshore block in the Bay of Bengal, off the Tamil Nadu coast. Oil and Natural Gas Corp will invest over Rs 5,700 crore in redevelopment of its giant Mumbai High (North) oil and gas field off the west coast.

Trend in FII flows:
The FIIs were net buyers of Rs 192cr in the cash segment on Friday while the DIIs were net sellers of Rs. 172cr, as per the provisional figures released by the NSE.

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