INDIAN
BENCHMARKS open in the red on account of negative global cues, as an
unexpectedly strong U.S. factory activity gauge bolstered expectations
the Federal Reserve will soon reduce its stimulus.
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FUTHER,
RIL insider-trading case adjourned fighting with two cases- one
challenging the new consent mechanism guidelines, another seeking
adjudication proceedings on the insider trading case. Cairn India is
trading higher by 1% at Rs 323 in early morning deals on the NSE on
media reports that the company has struck significant oil reserves in
its Krishna-Godavari (KG) Basin onshore field KG-ONN-2003/1.
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Trend
in FII flows: The FIIs were net buyers of Rs. 790cr in the cash
segment on Monday while the domestic institutional investors (DIIs)
were net sellers of Rs. 618cr, as per the provisional figures released
by the NSE.
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