Tuesday, 17 June 2014
INDIAN
BENCHMARK open flat tracking mixed global cues.
FURTHER, Kotak Mahindra
Bank proposes to raise the ceiling for FII investments in the bank to 40% from
37% to help it comply with RBI directive to bring down its current promoter
stake by one-fourth in little over next two and half years. The Reliance
Industries annual general meeting will be in focus especially with a new
government at the Center. The company will be hosting its 40th Annual General Meeting
today.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs
were net sellers of Rs. 236cr, as per the provisional figures
released by the NSE.
