INDIAN BENCHMARKS opened marginally
higher tracking their peers in Asia. Few results like Colgate Palmolive, Ashok
Leyland, Tata Coffee results will be in focus today. Reliance
Industries Ltd is planning to start production of natural gas from coal seams,
called coal-bed methane in Madhya Pradesh from 2015-16.
FURTHER, NTPC appears
determined not to clear dues of Rs20bn to the Coal India without third-party
sampling of coal, indicating a protracted tussle ahead over the quality of coal
that had led to a stand-off between the two companies for much of last year.
Asian Paints fell after consolidated net profit fell 1.75% to Rs 329.35 crore
on 13.03% rise in total income to Rs 3481.99 crore in Q3 December 2013 over Q3
December 2012.
Trend in FII flows: The FIIs
were net buyers of Rs.384cr in the cash segment on Monday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 310cr, as per the provisional figures released by the NSE.
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