Tuesday, 13 May 2014
INDIAN BENCHMARK
slipped into negative
zone after making a marginally higher opening. The upside is capped amid
profit taking at higher levels.
FURTHER,
NTPC has cancelled
the Bongaigaon district contract worth Rs 210-crore with Punj Lloyd due to
alleged poor performance of the private infrastructure company. Nestle India
fell 1.74% after net profit declined 7.14% to Rs 259.16 crore on 2.91% rise in
net sales to Rs 2313.46 crore in Q1 March 2014 over Q1 March 2013.
Trend in FII flows:
The FIIs were net buyers of Rs 2026cr
in the cash segment on Tuesday while the domestic institutional investors
(DIIs) were net sellers of Rs. 649cr, as per the provisional figures
released by the NSE.
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