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Thursday, May 22, 2014

INDIAN BENCHMARK started the trading session on a higher note tracking firm global cues. Ashok Leyland posted a net profit of Rs 363.39 crore for the quarter ended March 31, 2014 as compared to Rs 150.03 crore.

FURTHER,
Reliance Communications has higher more than 3% on report that China’s Citic Telecom, listed on the Hong Kong Stock Exchange, is in talks with the company to buy into its undersea cable assets. JSW Steel is considering the option of importing iron ore in order to prevent any disruption in supplies of the key steelmaking input in the next two months.

Trend in FII flows:
The FIIs were net sellers of Rs 294cr in the cash segment on Thursday while the domestic institutional investors (DIIs) were net sellers of Rs. 203cr, as per the provisional figures released by the NSE.


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