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Sunday, August 10, 2014

INDIAN BENCHMARK  open on positive note tracking a rebound in Asian peers as a sharp slump in recent sessions offers bargain buying opportunity to investors in equities.

FURTHER, Adani Group plan to sell their Abbot Point coal terminal in Australia at close to the acquisition price of $2 billion. They had bought the terminal in May 2011, at the peak of a coal boom. Mahindra & Mahindra has plan to set up a Rs3bn tractor unit at Zaheerabad in Medak district of Telangana.

Trend in FII flows:
The FIIs were net buyers of Rs 192cr in the cash segment on Friday while the DIIs were net buyers of Rs. 456cr, as per the provisional figures released by the NSE.

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