Market Information

  Sensex gained 36 points, closing in the positive territory for the fourth day in a row. The bench mark index has gained 310 points in the four trading sessions.

Trading on BSE started on the weak note at 21,320 against the privious close of 21338. It touched a high 21,410 and low of 21,265, before closing at 21,374.

The turnover on BSE was down at Rs 1863 crore against Rs 1906 crore recorded on wednesday.

On NSE, Nifty gained seven points to 6346.

L&T gained three percent to Rs 1033 crore after the company reported  that its net profit increased 12 percent to Rs 1136 crore. However, L&T cut its order inflow forecast for the year ending March to 15 percent from 20 percent due to the poor investment climate in india.

Cairn india rose one percent despite the company reported 14 percent fall in net profit to Rs 2884 crore even as its revenue increased 17 percent to Rs 5000 crore in the December qtr.

The company said that december qtr profit was impacted primerily due to a foreign exchange loss on the doller deposits with the rupee strengthening against dollar.

Most IT stocks edged lower on profit booking after recent gains. Tcs was down 1% at Rs 2254 while HCL Tech and Techm fell 2% and 1% to Rs 1412 and Rs 1829 respectively.

Major gainers were Gitanjali(6%), Adani ent(4%),  Titan(4%), Coromondel(3%), Indian Hotel(3%), UBL(3%).
Prominent losers were Biocon(-6%), M&M(-4%), Godrej Cons(-4%),and UPL(4%), FRL(4%), Jain irrigation(4%), MCX(4%) and Financial Tech(4%) .
Share on Google Plus

About Saravana Iyyappan C

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.
    Blogger Comment
    Facebook Comment

0 comments: