INDIAN BENCHMARK open higher ahead of the swearing-in ceremony of Narendra Modi as India’s 15th Prime Minister.
FURTHER, DLF Emporio Limited, a subsidiary of DLF Limited, has successfully mobilized 525 crore rupees from issuance of India’s first Commercial Mortgage Backed Security. Shares of Sun Pharmaceutical Industries and Ranbaxy Laboratories are trading higher by up to 3% in early morning deals after the Andhra Pradesh High Court cleared the decks for the $4-billion deal to go through by lifting the stay.
Trend in FII flows: The FIIs were net buyers of Rs 416cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 135cr, as per the provisional figures released by the NSE.
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