Wednesday, 6 August 2014
INDIAN BENCHMARK open flat, following the cabinet plan to raise the
amount of FDI in defence and railways industries. IT stocks could
seem dip in sentiment after Cognizant lowered its revenue growth expectations
for the full year to 14% from 16.5%.
FURTHER, Piramal Enterprises Ltd has
posted a net profit of Rs. 28963.20 mn for the quarter ended June 30, 2014 as
compared to Net Loss of Rs. (1466.60) mn for the quarter ended June 30, 2013. IDBI bank has posted a net profit of Rs. 1048.10 million for the quarter
ended June 30, 2014 as compared to Rs. 3069.50 million for the quarter ended
June 30, 2013.
Trend in FII flows: The FIIs were
net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs
were net buyers of Rs. 32cr, as per the provisional figures released by
the NSE.
