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Wednesday, May 21, 2014

INDIAN BENCHMARK open higher tracking their Asian peers and overnight gains on Wall Street. Bata India is planning to invest Rs1bn in store expansion and upgradation this year.

FURTHER
, Kalindee Rail is locked at the lower circuit of 10% after the company’s board approved the merger with Texmaco Rail & Engineering. Jindal Steel and Power will seek shareholder approval to raise up to Rs100bn by issuing non-convertible debentures on a private placement basis.

Trend in FII flows: The FIIs were net sellers of Rs 266cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 439cr, as per the provisional figures released by the NSE.

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