INDIAN BENCHMARK
started the trading
session on a higher note tracking firm global cues. Ashok Leyland
posted a net profit of Rs 363.39 crore for the quarter ended March 31, 2014 as
compared to Rs 150.03 crore.
FURTHER,
Reliance
Communications has higher more than 3% on report that China’s Citic Telecom,
listed on the Hong Kong Stock Exchange, is in talks with the company to buy
into its undersea cable assets. JSW Steel is considering the option of
importing iron ore in order to prevent any disruption in supplies of the key
steelmaking input in the next two months.
Trend in FII flows:
The FIIs
were net sellers of Rs 294cr in the cash segment on Thursday while the domestic
institutional investors (DIIs) were net sellers of Rs. 203cr, as per
the provisional figures released by the NSE.
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