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Wednesday, August 13, 2014

INDIAN BENCHMARK open positive tracking firm global cues. Investors will keep a watch on WPI data released today.

FURTHER, ONGC missed street expectations with the first quarter net profit rising 19 percent year-on-year to Rs 4,782 crore impacted by higher exploration cost written off and depreciation cost. Adani Power has bought Hyderabad-based Lanco Infratech’s Udupi power plant at an enterprise valuation of Rs 6,000 crore.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Wednesday  while the DIIs were net sellers of Rs. 22cr, as per the provisional figures released by the NSE.

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