After the CCI's nod for the USL-Diageo open offer, the two companies are trying to rush the approval process with Sebi. USL-Diageo have responded to Sebi's final observation's on the open offer and sources say Sebi's clearance may come in soon, reports Kritika Saxena of CNBC-TV18.
The Nifty has been fairly range bound between 6,200 and 5,900 levels since the past couple of weeks and continues to trade with a sideways bias. In the immediate term, the 5,970/5,900 level is the cluster support for the Nifty since it is supported by the trend line.