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Tuesday, March 25, 2014

INDIAN BENCHMARK  are likely to edge higher in today’s trade. The up move is on account of robust FII interest in the Indian equities and positive global cues. TCS won a multi-million, multi-year deal from GDF Suez, a global leader in the energy sector.

FURTHER, Glenmark Pharmaceuticals has received US$4 mn as research fee from Forest Laboratories Inc for drug development, taking the total amount received from the US-based firm to US$15 mn so far. Tata Steel has sold a 25-acre plot in Borivali in suburban Mumbai to Oberoi Realty for Rs. 11.55bn

Trend in FII flows: The FIIs were net buyers of Rs.1465cr in the cash segment on Tuesday  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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