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Monday, May 19, 2014

INDIAN BENCHMARK open in the green, continued from where they left in the previous session. Reliance Power reported an almost flat growth in net profit at Rs 269 crore for the quarter ended March 31, 2014.

FURTHER, Reliance Infrastructure’s fourth quarter (January-March) consolidated net profit fell 14.3 percent year-on-year to Rs 621 crore on lower revenue despite higher other income. Jubilant Foodworks fourth quarter (January-March) net profit falling 23.54 percent year-on-year to Rs 25 crore on contraction in discretionary spends and higher tax expenses.

Trend in FII flows: The FIIs were net buyers of Rs 1350cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 348cr, as per the provisional figures released by the NSE.

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