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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