INDIAN BENCHMARKS are likely to open flat with a
negative bias tracking weak global cues. BHEL will be in
action ahead of their Q2 earnings later today. The private equity arm of
infrastructure financing company IDFC is picking up a 5% stake in National
Commodity & Derivatives Exchange (NCDEX), continuing its focus on investing
in agriculture and rural sectors.
FUTHER, Indraprastha Gas will be in focus ahead of its Q2 earnings
today. According to analysts, the company is likely to report a lower net
profit for the Jul-Sep quarter.
Trend in FII flows: The FIIs were net buyers of Rs 2993cr in the cash segment on
Tuesday while the domestic institutional investors (DIIs) were net sellers
of Rs. 1223cr, as per the provisional figures released by the NSE.
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