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Tuesday, July 8, 2014

INDIAN BENCHMARK have erased early gains and are trading lower weighed down by financials, capital goods and auto shares. The Economic Survey will be released today by the Finance Ministry at 12 pm.

IDFC fell 0.51% after the company reduced the foreign investors investment limit by 0.75% to 51.50%. Shares of Reliance Infrastructure Ltd was down 2% on reports that Telangana government entity has approved a restructuring plan by consultancy firm EY for a project that includes a 100-storey trade tower in Hyderabad.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. 399cr, as per the provisional figures released by the NSE.

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