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Thursday, January 9, 2014

INDIAN BENCHMARKS started on a flat note even as the Infosys third quarter earnings beat Street expectation for the third consecutive quarter. Investors would focus on the November index of industrial production data to be released later today.

FURTHER, Infosys Ltd has posted results for the third quarter ended 31st December, 2013.The net profit for the quarter stands at Rs28.75bn and  Revenues were Rs13,026 crore .Tech Mahindra is planning to acquire Financial Technologies. Company has initiated an evaluation of Financial Technologies for a buyout possibility.

Trend in FII flows: The FIIs were net sellers of Rs.3cr in the cash segment on Thursday while the domestic institutional investors (DIIs) were net sellers of Rs. 118cr, as per the provisional figures released by the NSE.


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