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Sunday, July 6, 2014

INDIAN BENCHMARK have started the trading session on a firm note with the Indices hitting lifetime high. The first Budget session of the 16th Lok Sabha begins today.

FURTHER, Tata Power has decided to sell its 5% stake in PT Kaltim Prima Coal for about $ 250 million to reduce its debt, less than six months after offloading its holding in another Indonesian coal company named PT Arutmin. Adani Ports has formed an equal joint venture with French shipping company CMA CGM to build a container terminal at Mundra in Gujarat.

Trend in FII flows:
The FIIs were net buyers of Rs 192cr in the cash segment on Friday while the DIIs were net sellers of Rs. 853cr, as per the provisional figures released by the NSE.

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