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Sunday, April 20, 2014

INDIAN BENCHMARK open with marginal gains with index heavyweight Reliance Industries in focus after the company reported its highest quarterly profits in two years.
FURTHER, Reliance Industries has divested its 30% stake in an oil and gas block in Peru to Australia’s Woodside Petroleum and Pluspetrol of Argentina to trim its overseas properties. JSW Steel is in talks to acquire Welspun Maxsteel for about 1,000 crore.

Trend in FII flows: The FIIs were net buyers of Rs.433cr in the cash segment on Thursday while the domestic institutional investors (DIIs) were net sellers of Rs. 122cr, as per the provisional figures released by the NSE.
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