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Sunday, September 7, 2014

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INDIAN BENCHMARK open higher tracking a mostly positive trend across Asia as weaker than expected US jobs data dampened the prospects of earlier than expected monetary tightening by the Federal Reserve, boosting the appetite for risky assets.

FURTHER, Bharti Airtel is expected to reach an agreement on the sale of its telecom towers in Nigeria for more than $1 billion within the next three weeks. Maruti Suzuki has received order of 3,000 units for its upcoming mid-size sedan, the Ciaz within three days of opening the bookings.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Friday while the DIIs were net sellers of Rs. 354cr, as per the provisional figures released by the NSE.

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