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Tuesday, January 21, 2014

INDIAN BENCHMARKS turned flat after making a lower opening tracking weak Asian cues. HDFC, L&T, Dabur India, Biocon, Mahindra & Mahindra Financial Services, Raymond, Zee Entertainment Enterprises will announce their third quarter earnings today.

FURTHER, P&G Home Products will borrow Rs15bn in the form of inter-company loan, the firm has said amid efforts to catch up with market leader Hindustan Unilever. Shares of Torrent Pharma were up over 10% after the company posted better-than-expected earnings for the third quarter ended December 2013.

Trend in FII flows: The FIIs were net sellers of Rs.43cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net buyers of Rs. 181cr, as per the provisional figures released by the NSE.


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