Market Outlook for the day – Choppiness is expected to continue thus short term and day traders are advised to trade with tight stop loss. In the near term 6640 is an important support.
TVS Motor Company has launched an upgraded variant of its 110cc motorcycle StaR City, the StaR City .
Canara Bank posted a lower net profit of Rs. 610.83 crore in the fourth quarter of 2013-14 fiscal against Rs. 725.38 crore during the same period last year, down 15.79%.
Mahindra & Mahindra Ltd launched a new model of SsangYong Rexton Rx6 with manual transmission.
Results on May 06, 2014: Gillette India, Gujarat Pipavav, HDFC, Titan, Vijaya Bank
Key benchmark indices edged higher in a choppy trading session. Among BSE sectoral indices, oil & gas and metal indices were the star-performers and were up 1.53 per cent and 1.21 per cent, respectively, followed by capital goods 0.91 per cent and FMCG 0.5 per cent. On the other hand, TECk, IT, realty and healthcare indices lost investors' support and were down 1.16 per cent, 0.96 per cent, 0.75 per cent and 0.72 per cent, respectively. The market breadth, indicating the overall health of the market, was negative.