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Thursday, May 15, 2014

INDIAN BENCHMARK hit record highs, with the Sensex breaching the 25,000 mark and the Nifty topping 7,500 as early trends indicated the pro-reform and business friendly BJP-led NDA is set get a majority and form a stable government.

FURTHER, NTPC Ltd has posted a net profit after taxes, minority interest and share of profit / (loss) of associate company of Rs. 114036.10 million for the year ended March 31, 2014 as compared to Rs. 125907.80 mn for the year ended March 31, 2013. Oil and Natural Gas Corporation has taken RIL to the Delhi High Court accusing it of pilfering gas from the ONGC's blocks sitting next to RIL's KG-D6 gas block.

Trend in FII flows: The FIIs were net buyers of Rs 934cr in the cash segment on Thursday while the domestic institutional investors (DIIs) were net sellers of Rs. 385cr, as per the provisional figures released by the NSE.

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