Friday, 18 July 2014
INDIAN BENCHMARK opened lower owing to
weak global cues after investors booked profit in Financials and Auto shares.
FURTHER, TCS delivered
results which were better than expected. TCS reported net income of Rs 5,058 crore
for this financial year’s first quarter, up 26.9 per cent from Rs 5,297 crore
in the same quarter last year. SBI could seek attention on reports that it may
raise about Rs 20,000 crore by selling shares over two years to fund capital
requirements and expansion plans.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Thursday while the DIIs
were net sellers of Rs. 1316cr, as per the provisional figures
released by the NSE.
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