Friday, 28 March 2014
INDIAN BENCHMARKS closed on a
strong note as gains in index heavyweights lifted markets to record highs in
the closing hour of trade. Adding to the positive sentiment was the gain in
Rupee which was quoting at an eight month low at 59.88.
Shares of PNB rallied 4 percent
as Private equity funds General Atlantic Partners and Apax Partners are in
talks to buy out 49 percent stake owned by retail financial services company
Destimoney in Punjab National Bank's housing finance company PNB Housing
Finance. Shares
of the cement company rose 8 percent as SC has granted Chennai Super Kings and
Rajasthan Royals permission to play in the seventh edition of IPL.
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