INDIAN BENCHMARKS open higher and breach all-time highs on hopes of a similar victory for the BJP-led National Democratic Alliance (NDA) in next year's general elections. Tata Sons plans to raise at least 3 billion rupees ($48.56 million) via two separate bond deals.
FURTHER, Coal India Ltd by pursuing its overseas expansion strategy actively looking at five proposals for acquisition of mines in Indonesia. The Law Ministry and the Planning Commission have backed an Oil Ministry proposal to allow Reliance Industries to almost double the price of gas from April in return for a USD 90 million bank guarantee every quarter.
Trend in FII flows: The FIIs were net buyers of Rs.863 cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 743 cr, as per the provisional figures released by the NSE.
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