Highlights for Today
Market Outlook for the day – Nifty’s recovery from lower levels suggests that there are higher chances that index will first take a positive turn before heading for any sustainable directional move.
Whirlpool of India net profit jumped 111.02% to Rs 21.25 crore on 8.73% growth in total income from operations to Rs 672.77 crore in Q3 December 2013 over Q3 December 2012.
Bharat Forge net profit fell 2.5% to Rs 94 crore on 1.5% fall in total revenues to Rs 832.10 crore in Q3 December 2013 over Q2 September 2013.
Hero MotoCorp total two-wheeler sales rose 0.61% to 561,253 units in January 2014 over January 2013.
Alstom T&D India the subsidiary of France-based Asltom Grouphas bagged an order worth €41million from Power Grid Corporation of India Ltd (PGCIL).
Results on 05 Feb 2014: BHEL, Blue Dart, Chennai Petro, DIC India, Powergrid Corp, Praj Ind, Ranbaxy, Redington India, SJVN.
Key benchmark indices made a strong comeback from an initial setback triggered by weakness in Asian stocks and steep losses for US stocks. The Sensex trimmed intraday losses in mid-morning trade and regained the psychological 20,000 level and Nifty regained the psychological 6,000 level. BSE banking index closed almost a percent up. Selling pressure witnessed in IT and Pharma stocks. The market breadth, indicating the overall health of the market turned positive from negative in late trade.