Wednesday, 23 July 2014
INDIAN BENCHMARK opened on a flat note
with a negative bias after yesterday's rally. Ipca Laboratories has dipped 6%
after it has received certain inspection observations from the US Food and Drug
Administration over manufacturing at its Ratlam plant in Madhya Pradesh.
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FURTHER, Cairn India has
dipped 5% after reporting a sharp 65% year on year fall in its consolidated net
profit for the April-June 2014 quarter at Rs 1,093 crore. Texmaco Rail
& Engineering Ltd has decided to raise Rs.3bn for expansion and
diversification.
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Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs
were net seller of Rs. 292cr, as per the provisional figures released by
the NSE.
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