INDIAN BENCHMARK record highs after
Cabinet approval for a higher foreign direct investment limit in insurance and
a rejig in foreign debt limits reinforced optimism about the government's
reform agenda.
FURTHER, SKS
Microfinance reported a flat net profit at Rs 49.3 crore in the April-June
quarter over the year-ago period. The company had reported a net profit of Rs
49.69 crore during the same period last year. Tata Steel raised USD 1.5 billion
(about Rs 9,000 crore) in a dual tranche bond sale in the international market,
making it the largest such deal by the Tata group firm.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Thursday while the DIIs
were net seller of Rs. 290cr, as per the provisional figures released by
the NSE.
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