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Monday, August 11, 2014

INDIAN BENCHMARK started trade on a strong note supported by banks, metals, oil & gas and auto stocks. IIP and CPI will be released today.

FURTHER, Tata Motors has rallied 6% after reporting a robust 213% year-on-year jump in consolidated net profit at Rs 5,398 crore for the quarter ended June 2014. Tata Steel has signed a series of contracts with Subsea 7, one of the world's leading contractors in engineering, construction and subsea services to the offshore industry, to supply undersea pipes to four separate North Sea projects in the UK.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net buyers of Rs. 234cr, as per the provisional figures released by the NSE.

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