INDIAN BENCHMARK opened lower as most Asian markets slipped due to disappointing provisional Chinese PMI data. Apollo Hospitals Ltd has lined up an investment of Rs20bn in the next 2-3 years for adding 2000 new beds.
FURTHER, Reliance Industries is in talks with four or five export credit agencies (ECA) to raise over $1 bn (Rs 6,220 crore) in the next four month. NTPC laid the foundation stone for a 1,600-MW power plant in Madhya Pradesh, plans to set up two more projects in the state.
Trend in FII flows: The FIIs were net buyers of Rs.468cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 338cr, as per the provisional figures released by the NSE.