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Monday, March 24, 2014

INDIAN BENCHMARK  open lower tracking weakness in global markets. The F&O expiry will keep investors cautious for swings on either side.

FURTHER, GAIL has signed MoU with Chubu Electric of Japan for joint LNG procurement. Under the MOU, GAIL and Chubu shall mainly explore possibilities of collaboration in the area of joint LNG procurement. BHEL has won an order worth Rs.3000cr from an upcoming power project in Odisha. The contract has been placed on BHEL by NTPC Ltd. for setting up the 2x800 MW Steam Generator (SG) package at Darlipali in Odisha.

Trend in FII flows: The FIIs were net buyers of Rs.1465cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 770cr, as per the provisional figures released by the NSE.


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