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Monday, February 17, 2014

INDIAN BENCHMARK opened relatively flat, with global markets remaining mixed and yesterday's Vote-on-Account failing to bring much cheer to investors. Hindustan Zinc has dipped over 3% at Rs 119 on reports that the government is unlikely to complete sale of minority stake in the company during the current fiscal which ends on March 31, 2014.


FURTHER, Tech Mahindra Ltd and Acidaes Solutions Pvt. Ltd., the owners of CRMnext Solution, announced a global strategic business partnership which will primarily focus on the global banking and financial services sector. State Bank of India, has sanctioned loans totalling Rs100bn to six telecom companies to help them buy spectrum.



Trend in FII flows: The FIIs were net buyers of Rs.522cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 245cr, as per the provisional figures released by the NSE.

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