INDIAN BENCHMARK started on a strong
note with the Sensex and Nifty up 0.5% each in opening trades. The early gains
were lead by financials and ITC.
FURTHER, Reliance
Industries Ltd along with its partner British Petroleum is planning to invest
about Rs 800 crore to carry out exploratory drilling in an offshore block in
the Bay of Bengal, off the Tamil Nadu coast. Oil and Natural Gas Corp will
invest over Rs 5,700 crore in redevelopment of its giant Mumbai High (North)
oil and gas field off the west coast.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Friday while the DIIs
were net sellers of Rs. 172cr, as per the provisional figures
released by the NSE.
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