INDIAN EQUITY MARKET OUTLOOK-18th AUG 2014

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INDIAN BENCHMARK open trading session on a flat note following mixed Global cues.
FURTHER, JSW Steel will acquire smaller rival Welspun Maxsteel for about Rs1,000 crore as to source cheaper raw material, cut production costs and strengthen its presence in the northern and western markets. DHFL has announced that the Committee of the Board of Directors at its meeting held on August 14, 2014, has allotted 43,914 fully paid up equity shares of 10 each to eligible employees of the Company.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Thursday while the DIIs were net sellers of Rs. 135cr, as per the provisional figures released by the NSE.
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