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Wednesday, April 9, 2014

INDIAN BENCHMARK open on positive note. Big day in elections 2014 as the third phase of the 9-phased Lok Sabha election begins.

FURTHER, RIL has again asked fertilizer companies to provide a guarantee for paying a higher price of gas despite Election Commission’s order. Torrent Pharmaceuticals has rallied nearly 9% on report that Competition Commission of India has approved the company’s proposed Rs 2,000 crore acquisition of Elder Pharma's formulations business in India and Nepal.

Trend in FII flows: The FIIs were net buyers of Rs.1043cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 463cr, as per the provisional figures released by the NSE.

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