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Sunday, January 26, 2014

INDIAN BENCHMARKS started the trading session on a lower note tracking weak global cues. The RBI policy meet takes place tomorrow. Being an F&O expiry week, added volatility could be expected as investors weigh their options given the recent developments in global markets.

FURTHER, Tata Motors is planning to slash a section of its workforce to restructure its domestic manufacturing operations. Shares of Glenmark Pharmaceuticals Ltd is in focus after the company’s Consolidated Revenue was at Rs. 16012.23mn as against Rs. 13812.59mn, an increase of 15.92%.

Trend in FII flows: The FIIs were net sellers of Rs.230cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 78cr, as per the provisional figures released by the NSE.


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