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Monday, April 14, 2014

INDIAN BENCHMARK open with positive start following robust global cues. The Index of Industrial Production (IIP) for the month of February 2014 stands at 172.8, which is 1.9% lower as compared to the level in the month of February 2013.

FURTHER, Infosys is trading 3% after the company reported a better-than-expected 4.1% sequential growth in consolidated net profit at Rs 2,992 crore for the fourth quarter ended March 31, 2014. Asian Paints arm has signed an agreement with the shareholders of Kadisco Chemical Industry PLC, Ethiopia to acquire either directly or through its subsidiaries, 51% of the equity share capital of Kadisco.

Trend in FII flows: The FIIs were net sellers of Rs.362cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net buyers of Rs. 364cr, as per the provisional figures released by the NSE.

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