INDIAN BENCHMARK opening following weak
global cues after the Federal Reserve announced another $10 billion cut in its
monthly bond purchases. Also, volatility is likely to be the order of the day
ahead of January F&O expiry due today.
FURTHER, Crompton Greaves
is trading higher by 4% after reporting a consolidated net profit at Rs 62
crore for the third quarter ended December 31, 2013 (Q3), on back of higher
sales. The company had recorded loss of Rs 189 crore in the same quarter year
ago. Gail
Ltd reported a net profit of Rs. 16.79 bn for the quarter ended December 31,
2013 as compared to Rs. 12.85 bn for the quarter ended December 31, 2012.
Trend in FII flows: The FIIs
were net buyers of Rs.250cr in the cash segment on Wednesday while the domestic
institutional investors (DIIs) were net buyers of Rs. 16cr, as per
the provisional figures released by the NSE.
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