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Wednesday, February 5, 2014

INDIAN BENCHMARK opened marginally higher tracking firm gains in Asia with financials. Jet Airways has surged 9% to Rs 230 on reports that the Competition Commission of India  approved Etihad's 50.1% stake buy in Jet Privilege Private Ltd, a customer loyalty programme unit of Jet Airways.

FURTHER, Oil and Natural Gas Corp will sell an additional 15,000 cubic meters per day of gas to Steel Exchange India Ltd (SEIL) for its captive power plant at Kothepeta. Bharti Airtel announced a recast of Africa operations, dividing it into four strategic business units that will report to Managing Director and Chief Executive Officer from April 1.

Trend in FII flows: The FIIs were net sellers of Rs.576cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net buyers of Rs. 815cr, as per the provisional figures released by the NSE.


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