INDIAN BENCHMARK rebounded tracking
their Asian peers and overnight gains on Wall Street with banks and IT majors
lifting the Nifty above 6,100 levels in early trades. Power Finance
Corp and Rural Electrification Corp have disbursed transitional loans worth
Rs337bn to state-owned power distribution companies.
FURTHER, Jindal Steel
and Power Ltd announced the launch of its new retail brand Jindal Panther TMT
rebars, signifying the company’s foray into the retail product segment.
Bharti
Airtel will move the Supreme Court of Nigeria against a judgement, dated 14
February, of the Court of Appeal, Lagos that ruled in favour of Econet Wireless
of Nigeria.
Trend in FII flows: The FIIs
were net buyers of Rs.206cr in the cash segment on Thursday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 600cr, as per the provisional figures released by the NSE.
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