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Thursday, February 27, 2014

INDIAN BENCHMARK have started the trading session on a higher note with Sensex and Nifty gaining by nearly 0.5% each. The government will unveil data on gross domestic product (GDP) for Q3 December 2013 after trading hours today.

FURTHER, Tech Mahindra said it has signed an agreement to acquire the IT and consultancy services business of chemical giant BASF in a bid to strengthen its presence in Western Europe. Reliance Industries is fearing that it may be compelled to shut down production from KG-D6 block in the absence of an agreement on the price of gas.

Trend in FII flows: The FIIs were net buyers of Rs.511cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 251cr, as per the provisional figures released by the NSE.


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