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Sunday, August 31, 2014

INDIAN BENCHMARK open to record high, big boost comes from GDP numbers which were out on Friday. GDP grew fastest in over two years at 5.7% in the first quarter of FY15. The Supreme Court will today decide what to do with captive coal blocks, having deemed more than 200 allocations made since 1993 to be illegal.

FURTHER, Wockhardt Ltd has received Qualified Infectious Disease Product status from the US FDA for two of its drugs, WCK 771 and WCK 2349. Reliance Industries reportedly said it has returned nearly 1,384 acres of land in Gurgaon that was acquired for its SEZ.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Thursday while the DIIs were net sellers of Rs. 730cr, as per the provisional figures released by the NSE.

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