INDIAN BENCHMARK open lower, amid weak global cues, after global markets witnessed a sell-off on lower-than-expected manufacturing data in the US. Essar Group has infused more than US$150 mn into Trinity Coal Corp, helping the US-based subsidiary emerge from bankruptcy.
FURTHER, Bharti Airtel is looking at ways to hive off its South Asian towers business. The company is likely to sell about 70-80 percent in the tower arm. Tata Motors introduced its new sub-four-metre sedan, Zest, powered by the company’s new Revotron gasoline engine, Ford India made the global premiere of sedan Figo Concept in New Delhi.
Trend in FII flows: The FIIs were net sellers of Rs.735cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 70cr, as per the provisional figures released by the NSE.