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Sunday, June 1, 2014

INDIAN BENCHMARK open on a flat note. The RBI monetary policy review on tomorrow will be watched out. L&T has soared by 4.2% after reported a net profit surged 69% to Rs 2723 crore on a 11% growth in gross revenue to Rs 20229 crore in Q4 March 2014 over Q4 March 2013.

FURTHER, Financial Technologies India reported a net loss of Rs 371.25 crore for the quarter ended March 31, 2014 due to lower sales and provisions made for doubtful loans and advances. NMDC has reported a standalone sales turnover of Rs 3,884.49 crore and a net profit of Rs 1,962.14 crore for the quarter ended Mar '14. Other income for the quarter was Rs 527.54 crore.

Trend in FII flows: The FIIs were net buyers of Rs 2977cr in the cash segment on Friday while the DIIs were net sellers of Rs. 458cr, as per the provisional figures released by the NSE.

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