Monday, 14 July 2014
INDIAN BENCHMARK have opened on a firm
note tracking strong global cues. In addition, easing of WPI & CPI
inflation data and advancement of monsoons boosted the sentiments of the market
participants. The CPI data stood at 7.31% in June as against 8.28% on
month-on-month.
FURTHER, United Spirits
has inked a pact to buy JP Impex Incorp's Karnataka-based assets including
plant and machinery for Rs 11.5 crore, enhancing its liquor manufacturing
capacity in the state. Tata
Sponge Iron has surged 8% after reporting an over two-fold jump in standalone
net profit at Rs 44 crore for the first quarter ended June 30, 2014.
Trend in FII flows: The FIIs were net buyers of Rs 192cr
in the cash segment on Monday while the DIIs were net sellers
of Rs. 331cr, as per the provisional figures released by the NSE.
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