INDIAN BENCHMARK have erased early gains and have turned choppy. Also, investors have turned cautious ahead of the IIP and CPI numbers which are due to be released tomorrow.
FURTHER, IDFC will be in action after the company plans to raise Rs 2,000 crore through share sale to qualified institutional buyers. Shares of Sun Pharma are down over 5% after the US Food and Drug Administration conducted a surprise inspection of the pharma major's manufacturing unit at Halol, Gujarat.
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. 511cr, as per the provisional figures released by the NSE.
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