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Wednesday, April 16, 2014

open higher following gains in global stocks and after TCS and HCL Tech post robust fourth quarter earnings. Piramal Enterprises will be in focus on plans to acquire 20% in Shriram Capital for Rs 2,000 crore.

FURTHER, TCS posted a 48.2 per cent rise in net profit for the quarter ended March 31. Its consolidated revenue rose 31.2 per cent over the year-ago quarter to Rs 21,551 crore. HCL Tech will also see buying demand after the reported strong earnings for the fourth quarter. Net profit stood at Rs 1,624 crore,

Trend in FII flows:
The FIIs were net sellers of Rs.44cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 347cr, as per the provisional figures released by the NSE.

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