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Wednesday, May 28, 2014

INDIAN BENCHMARK open flat with negative bias as investors are likely to adopt a wait-and-watch ahead of the expiry of May F&O series today. Indraprastha Gas Ltd has posted an 8% increase in net profit for the fourth quarter of the financial year 2013-14 to Rs 90.49 crore, as against Rs 83.53 crore in corresponding period last year.

FURTHER, Hero MotoCorp reported 3.44 per cent decline in its standalone net profit for the fourth quarter ended March 31, 2014 at Rs 554.43 crore. Amara Raja Batteries reported 34.31 percent increase in net profit at Rs 80.05 crore for the fourth quarter ended March 31, 2014.

Trend in FII flows: The FIIs were net sellers of Rs 286cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 33cr, as per the provisional figures released by the NSE.

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