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Tuesday, February 4, 2014

INDIAN BENCHMARK slipped into negative zone after making a marginally higher opening. Hindustan Motors will see some action after the company got shareholders approval for sale or disposal of it Chennai Car Plant.

FURTHER, Tech Mahindra Ltd consolidated profit after tax stood at Rs. 1,136 crore for the third quarter ended December 31, 2013, up 40.6% QoQ. FII limit increased from present 45% to 48%.Jubilant Foodworks disappointed on every parameter with the third quarter net profit falling 11 percent compared to same quarter last year, dented by weak operational performance.

Trend in FII flows: The FIIs were net sellers of Rs.1234cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net buyers of Rs. 864cr, as per the provisional figures released by the NSE.


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