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Wednesday, January 29, 2014

INDIAN BENCHMARK opening following weak global cues after the Federal Reserve announced another $10 billion cut in its monthly bond purchases. Also, volatility is likely to be the order of the day ahead of January F&O expiry due today.


FURTHER, Crompton Greaves is trading higher by 4% after reporting a consolidated net profit at Rs 62 crore for the third quarter ended December 31, 2013 (Q3), on back of higher sales. The company had recorded loss of Rs 189 crore in the same quarter year ago. Gail Ltd reported a net profit of Rs. 16.79 bn for the quarter ended December 31, 2013 as compared to Rs. 12.85 bn for the quarter ended December 31, 2012.



Trend in FII flows: The FIIs were net buyers of Rs.250cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net buyers of Rs. 16cr, as per the provisional figures released by the NSE.

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