INDIAN BENCHMARKS are likely to remain
range-bound on the last day of 2013 tracking mixed global cues. Investors will
watch the April-November fiscal deficit reading due today. Cooper
terminating the stake sale arrangement with Apollo Tyres.
FURTHER, GAIL India has
received environmental clearance for setting up a 220MW gas-based power plant
at Raigad in Maharashtra at a cost of Rs10.2bn. GMR signed an agreement with
Malaysian Airports Holding Berhad to divest its 40 per cent equity stake which
operates services at the former, for Rs19bn.
Trend in FII flows: The FIIs
were net buyers of Rs. 116cr in the cash segment on Monday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 207cr, as per the provisional figures released by the NSE.
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