INDIAN BENCHMARK open lower, following losses in global stocks. The government is planning to sell 5% stake in SAIL and 10% each in RINL and HAL in the present fiscal.
FURTHER, Bata India declined 1.99% after net profit fell 4.1% to Rs 59.39 crore on 8.6% rise in net sales to Rs 621.58 crore in Q2 June 2014 over Q2 June 2013. Hero MotoCorp lost 1.88% after net profit rose 2.58% to Rs 562.76 crore on 14% increase in total income to Rs 7,149.59 crore in Q1 June 2014 over Q1 June 2013.
Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net buyers of Rs. 62cr, as per the provisional figures released by the NSE.
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