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Equity Research Report: Religare Morning Digest

Traders are advised to be with the broader trend and restrict their positions only to quality stocks. We continue to be bullish on banking, auto, IT and FMCG sectors.
01 Jan 2015 | 07:00 AM

Corporate News: 


India's fiscal deficit was 5.25 trillion rupees ($83.08 billion) during April-November, or 98.9 percent of the full-year target. The deficit was 93.9 percent during the same period a year ago.

Telecom regulator TRAI recommended a base price of Rs 2,720 crore per Mhz for pan India 3G spectrum, about 22 per cent lower than the previous auction.

KEC International has bagged new orders worth Rs 1,412 crore in its Transmission & Distribution and Cables businesses. The company has bagged transmission line projects in the states of Karnataka and West Bengal along with orders from Power Grid Corporation for projects in Jharkhand and Jammu & Kashmir.

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