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Flat to slightly higher opening on cards

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The may see a flat to slightly higher opening amid mixed global cues. Trading of 50 index futures on the stock exchange indicates that the could rise 6 points at the opening bell.

Overseas, Asian stocks were mixed. US equities rose to record highs yesterday, 9 January 2018 as investors remained optimistic about the market heading into the corporate earnings season.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 692.83 crore yesterday, 9 January 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 522.90 crore yesterday, 9 January 2018, as per provisional data.

Among corporate news, of (PGCIL) announced that its board approved investment for transmission system for ultra mega solar power park at Tumkur (Pavagada), - Phase-II Part-C at an estimated cost of Rs 92.13 crore with commissioning schedule of 20 months from the date of investment approval. The announcement was made after trading hours yesterday, 9 January 2018.

The registered small gains in a range bound session of trade yesterday, 9 January 2018. The Sensex had risen 90.40 points or 0.26% to settle at 34,443.19, its record closing high.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 08:06 IST
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