INDIAN BENCHMARKS open firm with rose gap up opening, after exit polls predicted a strong showing for the key opposition party in state elections held since November. The Winter Session of Parliament begins today as an ambitious UPA decides to take up 29 bills in just 12 sittings. Crucial economic legislations like Direct Tax Code (DTC), Insurance FDI Bill are on the agenda.
FURTHER, Essar Energy Holdings seeking conversion of FCCBs aggregating USD 262 million into equity shares, it has received a notice from Promoter Company. HSBC divides expansions in activity from contractions even though growth in the services sector stalled at October's seven-month high.
Trend in FII flows: The FIIs were net buyers of Rs.52 cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 18 cr, as per the provisional figures released by the NSE.
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