INDIAN BENCHMARK started on a flat note
with a positive bias with the IT heavyweights leading the opening gains. June trade
deficit was at an 11-month high of $11.76 bn as compared to $11.23 bn in the
previous month.
FURTHER, Crompton
Greaves has surged 12% in early morning deals after the company’s board
proposed to demerge its consumer products business unit into a separate listed
company. IDFC has agreed to prune foreign shareholding limit by 1% to 50.50%,
as part of plans to progressively pare foreign investor holding to 49% to run
banking services.
Trend in FII flows: The FIIs were net buyers of Rs 192cr
in the cash segment on Wednesday while the DIIs were net sellers
of Rs. 48cr, as per the provisional figures released by the NSE.
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