Highlights for Today
Market Outlook for the day – Considering current chart patterns, there are higher chances that 6080-6120 levels can be tested in the near term.
Electrosteel Castings net profit rose 1.96% to Rs 33.73 crore on 6.91% growth in total income from operations to Rs 512.72 crore in Q3 December 2013 over Q3 December 2012.
GlaxoSmithkline Consumer Healthcare net profit rose 14.50% to Rs 79.75 crore on 18.70% increase in total income to Rs 913.55 crore in Q3 December 2013 over Q3 December 2012.
Bharat Heavy Electricals net profit fell 41.21% to Rs 694.81 crore on 15.41% decline in total income to Rs 8925.63 crore in Q3 December 2013 over Q3 December 2012.
Ranbaxy Laboratories reported a consolidated net loss of Rs 158.94 crore in Q4 December 2013, lower than net loss of Rs 492.44 crore in Q4 December 2012.
Results on 06 Feb 2014: ACC, Bajaj Corp, Bank Of Baroda, Central Bank of India, City Union Bank, Gati, GVK Power, Reliance Power, Reliance Infra, SREI Infra
Key benchmark indices edged higher in choppy trade after a survey showed that India's service providers were optimistic in January that business activity would expand over the next year. CNX Nifty regained the psychological 6,000 mark after falling below that level in early trade. Gains in European stocks supported gains on the domestic bourses. The market breadth, indicating the overall health of the market, was positive.