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Wednesday, January 1, 2014

 INDIAN BENCHMARKS are likely to open on a flat note tracking mixed global cues. The Odisha government has directed the independent power producers to deliver its share of power at its own substations and transmission lines, instead of transmission network of Power Grid Corporation of India Ltd.

FURTHER, Canara Bank has raised Rs5bn by allotting 18.25mn equity shares on preferential basis to the government of India. Jindal Steel and Power Ltd has increased the price of its steel products. It hiked the prices for steel plates, hot rolled coils, wired rod coils and TMT rebars by Rs1,000 a tonne each.

Trend in FII flows: The FIIs were net buyers of Rs. 10cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 222cr, as per the provisional figures released by the NSE.


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