Tuesday 10 June 2014

INDIAN EQUITY MARKET OUTLOOK-11JUNE 2014





















INDIAN BENCHMARK open on a flat note on account of muted global trends. Reliance Communications Ltd is planning to raise funds raise through an institutional share sale.

FURTHER, United Bank of India has been allowed by the Reserve Bank of India to consider loan proposals up to Rs 200 crore from 'AAA'-rated companies. L&T Finance Holdings Parent company L&T proposes to sell 1.6% stake in L&T Finance for about Rs 204 crore.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. 1215cr, as per the provisional figures released by the NSE.

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  2. Hindustan Construction CompanyBSE -7.97 % (HCC) slumped over 6 per cent in Friday’s trade after the company reported a four per cent drop in fourth quarter standalone net profit at Rs 20.9 crore, compared with a net profit of Rs 21.81 crore in the corresponding quarter last year. Equity tips

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