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Monday, December 23, 2013

INDIAN EQUITY MARKET OUTLOOK


INDIAN BENCHMARKS opened on a positive note tracking global cues. RCOM has been allowed to exit from Universal Services Obligation Fund project under which mobile companies get subsidy to share mobile infrastructure and offer telephony services in rural and remote areas.


FURTHER,
Tata Housing, the real estate development company from Tata Group, entered into an agreement with Alstom T&D India to buy its manufacturing unit spread across 20 acres in Bangalore for 120 crore. YES Bank had raised $150 million from International Finance Corporation (IFC), Washington, a member of the World Bank group, for up to seven years.


Trend in FII flows: The FIIs were net buyers of Rs. 135cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net buyers of Rs. 38cr, as per the provisional figures released by the NSE.



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