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Tuesday, May 13, 2014

INDIAN BENCHMARK slipped into negative zone after making a marginally higher opening.  The upside is capped amid profit taking at higher levels.

FURTHER, NTPC has cancelled the Bongaigaon district contract worth Rs 210-crore with Punj Lloyd due to alleged poor performance of the private infrastructure company. Nestle India fell 1.74% after net profit declined 7.14% to Rs 259.16 crore on 2.91% rise in net sales to Rs 2313.46 crore in Q1 March 2014 over Q1 March 2013.

Trend in FII flows: The FIIs were net buyers of Rs 2026cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 649cr, as per the provisional figures released by the NSE.

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