INDIAN
BENCHMARKS are likely to open higher tracking firm global cues. Investors will
also cheer the appointment of Raghuram Rajan as 23rd RBI Governor who has
raised hopes of new action plans to revive the economy. New Reserve Bank of
India (RBI) chief Raghuram Rajan kicked-off his term with a bang yesterday,
announcing a spate of measures to support the embattled rupee and unveiling a
raft of steps to liberalize financial markets and the banking sector. The rupee
is expected to strengthen today.
FUTHER, ONGC, along with Shell India, is in talks with Nagarjuna Oil Corporation for a strategic stake in Nagarjuna Cuddalore refinery. AGMs of Bharti Airtel, HPCL and Prestige Estates which will be held today.
Trend in FII
flows: The
FIIs were net buyers of Rs 2800cr in the cash segment on Tuesday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 1193cr, as per the provisional figures released by the NSE.
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