INDIAN BENCHMARK is a positive start.
The indices will trade in a range till the RBI policy is announced. Tata
Communications deal with Vodafone-owned Vodacom to sell South African telecom
unit Neotel may be put on hold as the local authority is considering whether or
not to allow the transfer of airwaves as part of the deal.
FURTHER, Financial
Technologies Ltd plans to drag the board members of its subsidiary Multi
Commodity Exchange to court over the proposed preferential issue. Reliance
Industries Ltd will continue to supply gas at US$4.2 a unit to 16 fertiliser
units until the government comes out with another notification in this regard.
Trend in FII flows: The FIIs
were net buyers of Rs.942cr in the cash segment on Monday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 611cr, as per the provisional figures released by the NSE.
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