INDIAN BENCHMARK opened on a positive note on the back of gains in Reliance Industries, ICICI Bank, Infosys, and Dr. Reddy's Labs. Oil India Ltd has shut operations at nearly 35 installations in Assam due to protests by a local students’ body that started on March 1.
FURTHER, Titan plans to shift a part of the frames it imports from China for its eyewear business to South East Asian countries as it is proving to be a tad too expensive. Tata Power announced that the board will be meeting on Saturday to finalise the proposed rights issue to raise Rs 2,000 crore.
Trend in FII flows: The FIIs were net buyers of Rs.737cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 201cr, as per the provisional figures released by the NSE.