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Tuesday, January 14, 2014

INDIAN BENCHMARKS have started the trading session on higher note tracking positive global cues. Traders will eye December wholesale price inflation to be announced today which is seen at 7% and considered to be key ahead of the Reserve Bank of India (RBI)'s rate review on January 28. Software exporters such as Tata Consultancy Services Ltd gain on optimism ahead of quarterly results on Thursday.

FUTHER, Shares of Coal India were up 2% at Rs 296 after board has approved a special dividend for the current financial year. Liberty Shoes lost 4% to Rs 148, with the stock sliding on profit taking after recent gains after net profit rose 82.48% to Rs 3.23 crore in Q3 December 2013 over Q3 December 2012.

Trend in FII flows: The FIIs were net seller of Rs. 260cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 97cr, as per the provisional figures released by the NSE.


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