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Tuesday, December 31, 2013



INDIAN BENCHMARKS are likely to start 2014 on a flat note on account of subdued global cues.  India's fiscal deficit touched 94% to Rs. 5.1 trillion during April-November period against Rs 5.42 trillion projected in budget estimates.


FURTHER, State Bank of India has got shareholders' approval for raising up to Rs 11,500 crore by way of Qualified Institutional Placement or public offer. Morgan Stanley picked up 1.67 crore shares of Coal India Ltd for Rs 485 crore through open market route.



Trend in FII flows: The FIIs were net buyers of Rs. 309cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 279cr, as per the provisional figures released by the NSE.

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