INDIAN
BENCHMARKS set to open strong, to ride on bets on the outcome of the
state election results, foreign inflows and better-than-expected
economic data. India's L&T evaluates alternatives for monetisation
of certain assets of L&T IDPL.
FUTHER,
ONGC will be under pressure after Gujarat High Court has directed the
company to pay dues worth Rs 5,000 crore to Rs 6,000 crore to the state
government towards differences in royalty of crude the PSU has extracted
since 2008. Oil prices rose in Asian trade as dealers welcomed upbeat
manufacturing data in China, the world's top energy consumer.
Trend
in FII flows: The FIIs were net buyers of Rs. 745cr in the cash segment
on Friday while the domestic institutional investors (DIIs) were net
sellers of Rs. 101cr, as per the provisional figures released by the
NSE.
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