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FIIs net sellers of Rs 286 cr in cash mkt today
Foreign institutional investors (FIIs) were net sellers of Rs 285.84 crore (provisional) today, according to data released by BSE.

Quiet day for markets
The Sensex opened at 17,719 and soon touched a high of 17,790 - the highest level in the last 22 months. Weakness in the IT shares however pulled the index into the negative terrain to touch a low of 17,636, down 153 points from the day"s high. The BSE benchmark index kept on swinging zones for the rest of the trading session and finally ended flat at 17,701, up 15 points. The NSE Nifty is at 5,282, up four points.

News of the day

ONGC loses Algeria oilfield to Chinese firm
State-run Oil and Natural Gas Corporation (ONGC) has lost an oilfield in Algeria to a consortium led by a Chinese oil firm. ONGC teamed up with Turkish Petroleum Corp (TPAO) and the United Arab Emirates’ (UAE’s) Dana Gas to bid for the hotly-contested Hassi Bir Rekaiz acreage in Algeria’s latest licensing round, sources said. It lost to a consortium of China National Offshore Oil Corp (CNOOC) and Thailand’s PTTEP.
Corporate

Rupee gains 2 paise at 45.69/$ in early trade

The rupee today appreciated by 2 paise to 45.69 a dollar in early trade in line with other firming Asian currencies. - Rupee down 16 paise at 45.50/$ in early trade - Imports turn viable on rising domestic prices - Edserv Softsystems gets shareholders" nod for raising funds - Rupee at 16-month high, rises to 45.34/$">Rupee at 16-month high, rises to 45.34/$ - AV Rajwade: It"s the rupee, stupid!">AV Rajwade: It"s the rupee, stupid! - NSE seeks trademark for currency derivatives label Dealers said dollar"s weakness against other Asian currencies and increased capital inflows by funds into equities, supported the Indian rupee"s sentiment. At the Interbank Foreign Exchange (Forex) market, the Indian rupee strengthened by 2 paise to 45.69 a dollar. The rupee had ended 38 paise lower at 45.71/72 yesterday. Meanwhile, the Bombay Stock Exchange index Sensex was down by 146 points in early trade.


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