INDIAN BENCHMARKS opened higher aimed firm global cues. India's Axis Bank Ltd rose more than 2 percent on Monday after BSE Ltd said it will include the lender in its benchmark BSE index. Axis will replace Jindal Steel And Power Ltd in the index, according to its statement late on Friday.
FUTHER, India's state-run oil marketing companies gain after Brent crude drops more than $2 a barrel on Monday as supply fears ease following a breakthrough nuclear deal between world powers and Iran over the weekend. Indian Oil Corp gain 2 percent, Hindustan Petroleum Corp surges 2.8 percent, while Bharat Petroleum Corp is up 2.5 percent in pre-open trading.
Trend in FII flows: The FIIs were net buyers of Rs 1864cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 958cr, as per the provisional figures released by the NSE.
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