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Sunday, April 6, 2014


INDIAN BENCHMARK are likely to open flat tracking mixed Asian cues. Bharat Heavy Electricals will see some selling pressure after it reported 51% drop in provisional net profit to Rs 3,228 crore for the fiscal year ended March 31, 2014.

FURTHER, Sun Pharmaceutical Industries and Ranbaxy Laboratories Ltd today announced that they have entered into definitive agreements pursuant to which Sun Pharma will acquire 100% of Ranbaxy in an all-stock transaction. ONGC Videsh Ltd is in talks with PetroVietnam to offload its stake in Block 128 in the disputed South China Sea.

Trend in FII flows: The FIIs were net buyers of Rs.232cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 1125cr, as per the provisional figures released by the NSE.

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