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INDIAN BENCHMARKS  are likely to open on a flat note as the global cues look muted with SGX Nifty trading 5.50 points higher.      
Headlines for the day:
Cadila Healthcare buys 50% stake in Zydus BSV Pharma
Chambal Fertilizer Jan-Mar results to be weak -- Negative
IRB Infrastructure to issue 1.91 crore shares to QIP aggregating Rs440 crore

Trend in FII flows: The FIIs were net  sellers of Rs -521.23cr in the cash segment on Thursday while the DIIs were net buyers of Rs. 687.09 cr, as per the provisional figures released by the NSE.

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