INDIAN BENCHMARKS are likely to open lower on amid weak global cues. Country's largest realty firm DLF could see some action after it said that it has completed the sale process of 33MW wind turbines project in Rajasthan to Violet Green Power for Rs 67.44 crore.
FUTHER, State Bank of India could in focus after it reduced the rate on bulk deposits by 50 basis points. SBI has cut rates on seven to 60 days bulk deposits to 8.5 per cent from Thursday. Apollo Tyres may witness selling pressure after US-based Cooper Tire & Rubber Company rejected Apollo Tyres’ demand to cut the proposed $2.5-billion deal size by as much as 25 per cent
Trend in FII flows: The FIIs were net buyers of Rs 2611cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 1160cr, as per the provisional figures released by the NSE.
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