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Monday, May 12, 2014

INDIAN BENCHMARK extend gains and scale new highs as the exit polls showed that the BJP-led NDA would be forming the government at the centre. Amtek Auto in focus after the board said it will meet on May 16 to consider issue of equity or equity linked securities through various means for raising of funds.

FURTHER, Tata Steel is planning to raise $1.24 bn overseas through the sale of bonds by one of its Singapore entities. Finolex Industries has plunged over 9% after reporting 29% year on year decline in net profit at Rs 56 crore for the quarter fourth quarter ended March 31, 2014 (Q4), due to higher raw material and finance cost.

Trend in FII flows: The FIIs were net buyers of Rs 1217cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 92cr, as per the provisional figures released by the NSE.

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