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Wednesday, May 14, 2014

INDIAN BENCHMARK marginally open higher and remain range bound thereafter as investors will remain cautious ahead of the election results on tomorrow.

FURTHER, Tata Steel was up 2% after reporting a better than expected consolidated net profit at Rs 1,036 crore for the fourth quarter ended March 31 2014, due to by higher sales volumes and better realisations in Europe and India. Asian reported 14.45 percent rise in consolidated net profit to Rs 287.42 crore for the quarter ended March 31, 2014.

Trend in FII flows: The FIIs were net buyers of Rs 1520cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 410cr, as per the provisional figures released by the NSE.

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1 comment:

  1. PRECIOUS METAL WRAP: Gold traded near a one-week high as investors weighed the conflict in Ukraine against the outlook for the U.S. economy and further reductions in stimulus. Palladium dropped from the highest level since August 2011.
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