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.stock cash tips stock cash tips stockcash equitytips stock cash
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