INDIAN BENCHMARKS are likely to open
positive remain cautious today ahead of a key Federal Reserve decision this
week and RBI’s Monetary Policy. Canara Bank is to raise up to 15 bln
rupees of Tier 2 capital in a Basel III-compatible financing.
FURTHER,
Coal India's board of directors at its meeting held on Monday also approved
revision of raw non-coking coal sizing charges for different sizes and rapid
loading charges with effect from today. HDFC Bank foreign holding was above the
49% market when the new guidelines were introduced, RBI notified that no
further purchase of shares of the bank will be allowed for FIIs.
Trend in FII flows: The FIIs
were net buyers of Rs.159cr in the cash segment on Monday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 129cr, as per the provisional figures released by the NSE.
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