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Sunday, February 9, 2014

INDIAN BENCHMARK flat after beginning the first trading day of the week on positive note amid strong global cues. CESC is in advance stages of discussion with two private sector utilities for selling 400 MegaWatt and is very close to finalise the sale. The company has already tied up 100 MWs with Tamil Nadu State Electricity Board.

FURTHER, DLF has gained by 5% after the company announced the sale of its luxury hospitality chain, Aman Resorts, back to the company's founder, Adrian Zecha, for $358 million. Dena Bank  net profit for the quarter ended December 31, 2013 fell by 67% to Rs. 67.8 crore from Rs. 206.4 crore as it made higher provisions on account of deteriorating credit quality.

Trend in FII flows: The FIIs were net sellers of Rs.267cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net buyers of Rs. 627cr, as per the provisional figures released by the NSE.


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