INDIAN BENCHMARK open higher ahead of
the swearing-in ceremony of Narendra Modi as India’s 15th Prime Minister.
FURTHER, DLF Emporio Limited,
a subsidiary of DLF Limited, has successfully mobilized 525 crore rupees from
issuance of India’s first Commercial Mortgage Backed Security. Shares of Sun
Pharmaceutical Industries and Ranbaxy Laboratories are trading higher by up to
3% in early morning deals after the Andhra Pradesh High Court cleared the decks
for the $4-billion deal to go through by lifting the stay.
Trend in FII flows: The FIIs
were net buyers of Rs 416cr in the cash segment on Friday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 135cr, as per the provisional figures released by the NSE.
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