INDIAN BENCHMARK open tad higher, amid firm global cues, but upside gains may be capped as selling by foreign funds is likely to weigh on investor sentiment.
FURTHER, Amara Raja Batteries will be under pressure on reports that the company wants to pay promoter entity upfront for a 99-year lease at a higher rate. Oil & Natural Gas Corporation will take over abandoned assets in the Panna-Mukta-Tapti field from its joint venture partners RIL and BG India once production from Tapti falls to zero.
Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Thursday while the DIIs were net buyers of Rs. 84cr, as per the provisional figures released by the NSE.
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