INDIAN BENCHMARK continued their upward
trend, opening with modest gains. The index of industrial production for
December 2013 came in at a negative 0.6 percent, while consumer price inflation
stood for January at 8.79 percent, a two-year low, versus 9.87 percent in the
previous month.
FURTHER, Coal India Ltd
has 11.4 per cent drop in consolidated net profit at Rs 3,894 crore for the
financial year's third quarter (October-December) versus Rs 4,395 crore in the
corresponding period last year. Cipla consolidated revenues were
up 22 per cent year-on-year to Rs 2,581 crore in the financial year’s
third quarter, on the back of a strong exports performance, higher costs dented
profitability, leading to a 16.5 per cent fall in net profit to Rs 284 crore.
Trend in FII flows: The FIIs
were net buyers of Rs.211cr in the cash segment on Wednesday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 261cr, as per the provisional figures released by the NSE.
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