Tuesday, 20 May 2014
INDIAN BENCHMARK open marginally higher
but further gains may be capped as investors are likely to continue profit
booking in cyclicals after sharp gains recently.
FURTHER, Canara Bank has
entered South Africa by opening a branch in Johannesburg as a part of its
global expansion plans. VIP
Industries soared 7% after the company's consolidated net profit rose 300% in
the fourth quarter ended March 31, 2014.
Trend in FII flows: The FIIs
were net sellers of Rs 104cr in the cash segment on Tuesday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 656cr, as per the provisional figures released by the NSE.
