Sunday, 19 January 2014
INDIAN
EQUITY BENCHMARKS gained strength after early range bound trade. Shares of
Aurobindo Pharma jumped 5 percent on acquisition plan. The generic drug maker
has signed a binding offer agreement to acquire commercial operations of
Dublin-based Actavis in seven Western European countries.
FUTHER, Wipro
shares gained nearly 4 percent post third quarter earnings. The company expects
IT services revenue in range of USD 1,712-1,745 million in the quarter ended
March 2014. Reliance
Industries Ltd shares fall 1.1 percent after the company’s
October-December quarter profit, out on Friday, when adjusted for other income,
was seen lagging expectations.
Trend
in FII flows: The
FIIs were net buyers of Rs. 75cr in the cash segment on Friday while the
domestic institutional investors (DIIs) were net buyers of Rs. 141cr,
as per the provisional figures released by the NSE.
