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INDIAN BENCHMARK opened lower owing to weak global cues after investors booked profit in Financials and Auto shares.

FURTHER, TCS delivered results which were better than expected. TCS reported net income of Rs 5,058 crore for this financial year’s first quarter, up 26.9 per cent from Rs 5,297 crore in the same quarter last year. SBI could seek attention on reports that it may raise about Rs 20,000 crore by selling shares over two years to fund capital requirements and expansion plans.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Thursday while the DIIs were net sellers of Rs. 1316cr, as per the provisional figures released by the NSE.

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