INDIAN BENCHMARK continued to see consolidation with the Nifty struggling at 8000 on expiry session for September derivative contracts today.
FURTHER, Coal India will extend gains as the company would benefit the most from the SC verdict on coal blocks. Jindal Steel and Power may see further pressure as the company is the most impacted by the SC verdict.
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. 15cr, as per the provisional figures released by the NSE.
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The market has opened flat on August F&O expiry day. The Sensex is up 53.48 points at 26798.17 and the Nifty is up 10.80 points at 8013.20.
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