INDIAN BENCHMARKS likely to open flat to negative on mixed global cues. The Bharti Airtel stock has lost nine per cent since the start of November on concerns of dollar-denominated debt and slow growth in Africa business.
FUTHER, Oil prices recovered on Tuesday after the previous session's slide as traders questioned how quickly the Iranian nuclear accord could translate into higher supplies. Shares in India’s IDBI Bank Ltd fell as much as 2 percent on Tuesday after ratings agency Standard and Poor's downgraded the lender's rating to below investment grade citing expectations for weaker asset quality.
Trend in FII flows: The FIIs were net buyers of Rs 837cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 792cr, as per the provisional figures released by the NSE.