INDIAN BENCHMARK see a volatile day
ahead as investors will remain cautious on account of February month derivative
expiry today. The
board of state-owned Oil India Ltd (OIL) has approved the acquisition of a 5
per cent stake in Indian Oil Corp (IOC) from the government at a discount to
the market price.
FURTHER, Wipro is keen to
repeat the success of its Citibank captive acquisition, as the company
accelerates efforts to close the gap between itself and rivals Tata Consultancy
Services and Infosys in winning financial clients. CESC Ltd has
sought a sharp hike of 18% in average tariff to Rs7.55 a unit from the
regulator for the financial year 2014-15.
Trend in FII flows: The FIIs
were net buyers of Rs.423cr in the cash segment on Tuesday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 289cr, as per the provisional figures released by the NSE.
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