INDIAN BENCHMARKS opened flat, after clocking its biggest single-day gains in one month amid subdued global cues. Coal India Ltd (CIL) will be in focus as they hiked the fare it charges from customers for transporting coal from mines to loading points, a development that may lead to a marginal hike of one paisa per unit in power tariff.
FUTHER, Shares of Financial Technologies (FTIL) were in action after its wholly-owned subsidiary Financial Technologies Singapore (FTSPL) sold 100 per cent of its equity ownership in SMX to ICE Singapore Holdings Pte for $150 million. Tail Winds, a promoter entity of Jet Airways today offloaded 7.89 per cent stake for over Rs 211 crore in the open market.
Trend in FII flows: The FIIs were net buyers of Rs 3504cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 1332cr, as per the provisional figures released by the NSE.
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