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Tuesday, February 25, 2014

INDIAN BENCHMARK see a volatile day ahead as investors will remain cautious on account of February month derivative expiry today. The board of state-owned Oil India Ltd (OIL) has approved the acquisition of a 5 per cent stake in Indian Oil Corp (IOC) from the government at a discount to the market price.


FURTHER, Wipro is keen to repeat the success of its Citibank captive acquisition, as the company accelerates efforts to close the gap between itself and rivals Tata Consultancy Services and Infosys in winning financial clients. CESC Ltd has sought a sharp hike of 18% in average tariff to Rs7.55 a unit from the regulator for the financial year 2014-15.



Trend in FII flows: The FIIs were net buyers of Rs.423cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 289cr, as per the provisional figures released by the NSE.

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