INDIAN BENCHMARKS are likely to open higher tracking positive global cues. Bharti Airtel has increased its stake in Wireless Business Services (WBSPL) to 93.45% at an estimated cost of about Rs 875 crore. Gujarat NRE Coking Coal approved Jindal Steel & Power Ltd proposal to acquire the majority stake of 53.62% in the former.
FUTHER, Larsen & Toubro and Petro net LNG are expected to report second quarter earnings today. Oil marketing companies (OMCs) have decided to hold back a petrol price cut of one rupee ahead of elections. They feel that a cushion is needed as a revision will not be possible around elections.
Trend in FII flows: The FIIs were net buyers of Rs 3942cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 1740cr, as per the provisional figures released by the NSE.
Get free trial
0 comments:
Post a Comment