INDIAN BENCHMARK are likely to see a flat opening with the Nifty poised to retest the 7,400 levels. Attention will be on the European Central Bank (ECB) and whether ECB chief Mario Draghi will repeat his commitment to keeping borrowing costs at present or lower levels.
FURTHER, Avantha Group firm Crompton Greaves will be in spotlight after Global private equity firm KKR is likely to acquire a majority stake in Avantha Power and Infrastructure Ltd. Idea Cellular Ltd plans to launch a share sale to raise as much as USD 500 million on June 5 to part fund its capital expenditure.
Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 191cr, as per the provisional figures released by the NSE.
FURTHER, Avantha Group firm Crompton Greaves will be in spotlight after Global private equity firm KKR is likely to acquire a majority stake in Avantha Power and Infrastructure Ltd. Idea Cellular Ltd plans to launch a share sale to raise as much as USD 500 million on June 5 to part fund its capital expenditure.
Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 191cr, as per the provisional figures released by the NSE.
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