Wednesday, 16 April 2014
INDIAN BENCHMARK open higher following
gains in global stocks and after TCS and HCL Tech post robust fourth quarter
earnings. Piramal
Enterprises will be in focus on plans to acquire 20% in Shriram Capital for Rs
2,000 crore.
FURTHER, TCS posted a
48.2 per cent rise in net profit for the quarter ended March 31. Its consolidated
revenue rose 31.2 per cent over the year-ago quarter to Rs 21,551 crore.
HCL Tech
will also see buying demand after the reported strong earnings for the fourth
quarter. Net profit stood at Rs 1,624 crore,
Trend in FII flows: The FIIs were net sellers of Rs.44cr
in the cash segment on Wednesday while the domestic institutional investors
(DIIs) were net sellers of Rs. 347cr, as per the provisional figures
released by the NSE.
