INDIAN BENCHMARK have a negative start owing to weak global cues. Also, markets will be reacting to December quarter GDP data which came below expectations post market hours on Friday.
FURTHER, Coal India has issued a re-tender for import of coal with some modifications and is expecting a better response from prospective vendors. NTPC would sell 10 Mw solar power to Damodar Valley Corporation (DVC).The solar power plant of 10 Mw capacity installed within the complex of NTPC’s 3000 Mw super thermal power station at Kaniha, near Talcher, is poised for commissioning by March this year.
Trend in FII flows: The FIIs were net buyers of Rs.591cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net buyers of Rs. 12cr, as per the provisional figures released by the NSE.