INDIAN BENCHMARK open higher tracking
their Asian peers and overnight gains on Wall Street. Bata India is
planning to invest Rs1bn in store expansion and upgradation this year.
FURTHER, Kalindee Rail is
locked at the lower circuit of 10% after the company’s board approved the
merger with Texmaco Rail & Engineering. Jindal Steel and Power will seek
shareholder approval to raise up to Rs100bn by issuing non-convertible
debentures on a private placement basis.
Trend in FII flows: The FIIs
were net sellers of Rs 266cr in the cash segment on Wednesday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 439cr, as per the provisional figures released by the NSE.
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