Tuesday, 8 July 2014
INDIAN BENCHMARK have erased early
gains and are trading lower weighed down by financials, capital goods and auto
shares. The Economic Survey will be released today by the Finance Ministry at
12 pm.
FURTHER, IDFC fell 0.51% after the
company reduced the foreign investors investment limit by 0.75% to 51.50%. Shares
of Reliance Infrastructure Ltd was down 2% on reports that Telangana government
entity has approved a restructuring plan by consultancy firm EY for a project
that includes a 100-storey trade tower in Hyderabad.
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. 399cr, as per the provisional figures
released by the NSE.
