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Thursday, December 26, 2013

INDIAN BENCHMARKS opened on a strong note. The Government allowed temporary coal supplies to projects of Sterlite Energy, KSK Mahanadi Power, GMR Energy and the Chhattisgarh State Power Generation.

FURTHER, The Cabinet Committee on Economic Affairs hiked the foreign ownership limit in Axis Bank to 62 percent from an earlier cap of 49 percent. Hindustan Motors Ltd plans to sell its Chennai plant, instead of an earlier proposal to hive it off and merge with a company subsidiary.

Trend in FII flows: The FIIs were net buyers of Rs. 743cr 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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