INDIAN BENCHMARK open marginally higher

INDIAN BENCHMARK open marginally higher but further gains may be capped as investors are likely to continue profit booking in cyclicals after sharp gains recently.

FURTHER, Canara Bank has entered South Africa by opening a branch in Johannesburg as a part of its global expansion plans. VIP Industries soared 7% after the company's consolidated net profit rose 300% in the fourth quarter ended March 31, 2014.

                                                                   

Trend in FII flows: The FIIs were net sellers of Rs 104cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 656cr, as per the provisional figures released by the NSE.