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Thursday, May 29, 2014

INDIAN BENCHMARK open flat with a marginal negative bias. YES Bank is set to raise $500 million by issuing fresh shares to a cluster of investors.

Bharat Heavy Electricals reported a 43% year-on-year decline in net profit for the financial year ended March 2014, a seventh consecutive fall. Shares of Crompton Greaves were up over 3% after the company's profit rose 2.5 times to Rs 63.82 crore in fourth quarter as against Rs 25.27 core profit in same period last year due to improvement in power systems business and rise in other income.

Trend in FII flows:
The FIIs were net sellers of Rs 522cr in the cash segment on Thursday while the DIIs were net sellers of Rs. 195cr, as per the provisional figures released by the NSE.

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