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Sunday, May 18, 2014

INDIAN BENCHMARK open higher after the sweeping victory in the general elections by the BJP-led NDA.

Adani Enterprises posted a net profit of Rs 102 crore for the fourth quarter ended March against a net loss of Rs 73 crore in the corresponding period last year. Total income fell 15 per cent to Rs 3,057 crore from Rs 3,587 crore in the quarter. Essar Ports will be investing Rs30bn into expansion over the next three years as it has received environmental clearance and legal go-ahead from the government in four port projects.

Trend in FII flows:
The FIIs were net buyers of Rs 3634cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 349cr, as per the provisional figures released by the NSE.

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