INDIAN BENCHMARK open lower tracking
weak global cues. Telecom
stocks is in focus as the government has put up for sale 403 units of airwaves
in 1800 Mhz band and 46 units in the 900 Mhz band for spectrum auction
scheduled today.
FURTHER, IDBI Bank's
third quarter net profit dropped 75 percent to Rs 104 crore compared to same
quarter last year, dented by a steep fall in non-interest income and slow
growth in net interest income. ING Vysya Bank announced its unaudited financial
results for the quarter and period ended 31 December 2013 Net Interest Income
up 15% to Rs. 1,281.9 crore and Operating profit up 24% to Rs. 877.5 crores.
Trend in FII flows: The FIIs
were net sellers of Rs.652cr in the cash segment on Friday while the
domestic institutional investors (DIIs) were net buyers of Rs. 327cr,
as per the provisional figures released by the NSE.
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