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Wednesday, April 2, 2014

INDIAN BENCHMARK open higher after RBI on yesterday granted two new bank licences to IDFC Ltd and Bandhan Financial Services.

FURTHER, SAIL’s Bokaro Steel Plant in Jharkhand, which reported a loss of Rs1.52bn in the first half of the last fiscal year, is estimated to have recovered the loss completely in the second half. Bharti Airtel has extended a contract with IBM to manage its information technology infrastructure and application services in the country for five years, scaling down the deal with the US company, as it embarks on the next phase of growth.

Trend in FII flows: The FIIs were net buyers of Rs.594cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 471cr, as per the provisional figures released by the NSE.

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