INDIAN BENCHMARK are likely to
edge higher in today's deals tracking firm Asian cues with focus on
F&O expiry on Thursday. Oil and Natural Gas Corporation has approved partner
Cairn India’s move to raise the cost of developing the Bhagyam field in
Rajasthan block by 30 % to US$608 mn.
FURTHER, Reliance
Industries has made drastic changes in gas supply contracts that will jack up
its KG-D6 gas price by 10 per cent over and above the new rate of $8.3 coming
into effect from next month. Bharat Petroleum Corporation Limited is planning to
develop its Assam-based Numaligarh Refinery as an export hub for petroleum
products to neighbouring Bangladesh and Nepal.
Trend in FII flows: The FIIs
were net buyers of Rs.14cr in the cash segment on Friday while the
domestic institutional investors (DIIs) were net sellers of Rs. 8cr,
as per the provisional figures released by the NSE.
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