INDIAN
BENCHMARK flat after beginning the first trading day of the week on positive
note amid strong global cues. CESC is in advance stages of discussion with two
private sector utilities for selling 400 MegaWatt and is very close to finalise
the sale. The company has already tied up 100 MWs with Tamil Nadu State
Electricity Board.
FURTHER, DLF has gained
by 5% after the company announced the sale of its luxury hospitality chain,
Aman Resorts, back to the company's founder, Adrian Zecha, for $358 million.
Dena Bank net profit for the quarter ended December 31, 2013 fell by 67% to Rs.
67.8 crore from Rs. 206.4 crore as it made higher provisions on account of
deteriorating credit quality.
Trend in FII flows: The FIIs
were net sellers of Rs.267cr in the cash segment on Friday while the
domestic institutional investors (DIIs) were net buyers of Rs. 627cr,
as per the provisional figures released by the NSE.
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