INDIAN BENCHMARK open with positive
start following robust global cues. The Index of Industrial Production (IIP)
for the month of February 2014 stands at 172.8, which is 1.9% lower as compared
to the level in the month of February 2013.
FURTHER, Infosys is
trading 3% after the company reported a better-than-expected 4.1% sequential
growth in consolidated net profit at Rs 2,992 crore for the fourth quarter
ended March 31, 2014. Asian Paints arm has signed an agreement with the
shareholders of Kadisco Chemical Industry PLC, Ethiopia to acquire either
directly or through its subsidiaries, 51% of the equity share capital of
Kadisco.
Trend in FII flows: The FIIs were net sellers of Rs.362cr
in the cash segment on Friday while the domestic institutional investors (DIIs)
were net buyers of Rs. 364cr, as per the provisional figures released
by the NSE.
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