Monday, 2 June 2014
INDIAN BENCHMARK open on a positive
note. Rate-sensitive sectors such as banking and realty will be in focus ahead
of RBI’s Monetary Policy review today. Tata Motors reported 24% decline in
total vehicle sales to 37,525 units last month.
FURTHER, The Indian
Overseas Bank IOB plans to raise a little over Rs10bn through a Qualified
Institutional Placement (QIP), public issue, rights issue, preferential issue.
Bharti Airtel is poised to conclude a much-anticipated deal to sell its towers
in Africa in seven days, which could help the world's fourth-largest telecom
operator rake in as much as US$3 bn and help reduce debt
Trend in FII flows: The FIIs
were net buyers of Rs 2977cr in the cash segment on Monday while the DIIs
were net sellers of Rs. 148cr, as per the provisional figures
released by the NSE.
