INDIAN BENCHMARK opened higher tracking
mixed global cues, after breaking its three-day winning streak yesterday. Telecom
companies will remain in focus. Sun Pharmaceutical Industries Ltd announced
that the US FDA has granted its subsidiary final approval for its Abbreviated
New Drug Application to market a generic version of Temodar, Temozolomide
Capsules, 5 mg, 20 mg, 100 mg, 140 mg, 180 mg and 250 mg
FURTHER, Indian Oil
Corporation Ltd has posted a net loss of Rs. 9614.50 mn for the quarter ended
December 31, 2013 as compared to net profit of Rs. 33319.60 million for the
quarter ended December 31, 2012. Bharti Airtel acquired 115 MHz of
airwaves in 15 circles in the 1800 MHz band and three circles in the 900 MHz
bands for a total of Rs185.3bn.
Trend in FII flows: The FIIs
were net buyers of Rs.399cr in the cash segment on Thursday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 292cr, as per the provisional figures released by the NSE.
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