INDIAN BENCHMARKS opened higher aimed firm global cues, with financials and telecom shares leading the gains. Cairn India has rallied nearly 4% to Rs 329 after the oil exploration and production firm announced buyback of its own equity shares from the public shareholders. ONGC was up 1.4% on reports that its overseas arm ONGC Videsh signed a memorandum of understanding PetroVietnam (PVN) to promote the joint cooperation in hydrocarbon sector in Vietnam, India and other countries.
FUTHER, Bharti Airtel was up 2% as the Empowered Group of Ministers on telecom, headed by Finance minister, scheduled to meet today, is likely to discuss the next course of action of the upcoming spectrum auction that is expected next year.
Trend in FII flows: The FIIs were net buyers of Rs 2445cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 1274cr, as per the provisional figures released by the NSE.
Get free trial
your blog is perfect place for get perfect information about market, thanks a lot get more by technical FREE STOCK TIPS
ReplyDelete