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Monday, August 18, 2014

INDIAN BENCHMARK open higher with the Nifty rising above 7900 level supported by positive global cues, and capital goods, oil & gas, banks and metals stocks.

FURTHER, Aurobindo Pharma will be expanding the capacity of its active pharmaceutical ingredients ( APIs) unit (unit-11) in Vizag this fiscal. Indian Oil Corp is reportedly planning to raise processing of cheaper crude oil varieties to 30% by 2017-18.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net buyers of Rs. 490cr, as per the provisional figures released by the NSE.

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