INDIAN BENCHMARK open lower tracking weak global cues in Asian markets.
FURTHER, Hindalco annual general meeting is scheduled today to seek shareholders nod to issue NCDs up to Rs 6,000 crore and nod to set borrowing limit at maximum Rs 20,000 crore. JSW Steel Ltd is planning to raise iron ore imports to 10mn tonne this fiscal year and could boost that further if a domestic shortage continues and international prices stay low.
Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net buyers of Rs. 325cr, as per the provisional figures released by the NSE.
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