Market Outlook for the day – We reiterate our view, trading range for the index is 6000-6120, an either side break and sustainability will decide its move for the coming week.
Marico consolidated net profit rose 31% to 135 crore on 10% growth in revenue from operations to Rs 1201 crore in Q3 December 2013 over Q3 December 2012.
Adani Enterprises consolidated net profit declined 83.61% to Rs 68.20 crore on 0.71% growth in total income to Rs 13747 crore in Q3 December 2013 over Q3 December 2012.
Union Bank of India net profit rose 15.39% to Rs 348.94 crore on 18.26% increase in total income to Rs 8230.17 crore in Q3 December 2013 over Q3 December 2012.
Motherson Sumi Systems consolidated net profit surged 143% to Rs 249.60 crore on 20.49% growth in sales to Rs 7890 crore in Q3 December 2013 over Q3 December 2012.
PNB's net profit declined 42.14% to Rs 755.41 crore on 3.68% growth in total income to Rs 11922.30 crore in Q3 December 2013 over Q3 December 2012.
Petronet LNG Ltd reported a net profit of Rs 135.55 crore in the October-December quarter of this fiscal. This is 57.44 per cent drop against a net profit of Rs 318.50 crore in the same quarter previous year.
Results on 03 Feb 2014: Chambal Fert, Divis Lab, Gillette India, Lupin, Vijaya Bank
Key benchmark indices alternately swung between positive and negative zone in early trade. It extended intraday gains and hit fresh intraday high in morning trade. A bout of volatility was witnessed and market reversed its intraday gains in mid-morning trade. Volatility ruled the roost in late trade as market turned positive after sinking in negative zone. Bank stocks gained after the Reserve Bank of India (RBI) on Thursday, 30 January 2014 laid out a road map to deal with a surge in bad loans in the banking system.