INDIAN BENCHMARK marginally open higher
and remain range bound thereafter as investors will remain cautious ahead of
the election results on tomorrow.
FURTHER, Tata Steel was
up 2% after reporting a better than expected consolidated net profit at Rs 1,036
crore for the fourth quarter ended March 31 2014, due to by higher sales
volumes and better realisations in Europe and India. Asian reported
14.45 percent rise in consolidated net profit to Rs 287.42 crore for the
quarter ended March 31, 2014.
Trend in FII flows: The FIIs
were net buyers of Rs 1520cr in the cash segment on Wednesday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 410cr, as per the provisional figures released by the NSE.
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