INDIAN BENCHMARK are likely to open flat
tracking mixed Asian cues. Bharat Heavy Electricals will see some selling
pressure after it reported 51% drop in provisional net profit to Rs 3,228 crore
for the fiscal year ended March 31, 2014.
FURTHER, Sun Pharmaceutical
Industries and Ranbaxy Laboratories Ltd today announced that they have entered
into definitive agreements pursuant to which Sun Pharma will acquire 100% of
Ranbaxy in an all-stock transaction. ONGC Videsh Ltd is in talks with
PetroVietnam to offload its stake in Block 128 in the disputed South China Sea.
Trend in FII flows: The FIIs
were net buyers of Rs.232cr in the cash segment on Friday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 1125cr, as per the provisional figures released by the NSE.
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