INDIAN BENCHMARK open on a bullish note tracking a firm trend across markets in Asia after reports from US indicated that the world’s largest economy is strengthening.
FURTHER, Shares of defence equipment makers rose after the government notifies increase in FDI limit to 49% through approval route in the defence sector. ONGC rose over 2%, on hopes of reforms on subsidies and gas prices ahead of ONGC's share sale.
Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. 259cr, as per the provisional figures released by the NSE.
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