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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