Highlights for Today
Market Outlook for the day – 6000-6120 is an important trading range, an either side break and sustainability will decide its move for the coming trading sessions.
Great Eastern Shipping Company consolidated net profit fell 47.09% to Rs 101.50 crore on 10.04% decline in revenue including other income to Rs 792.99 crore in Q3 December 2013 over Q3 December 2012.
Zuari Agro Chemicals net profit surged 314.04% to Rs 17.10 crore on 3.72% growth in total income from operations to Rs 1556.65 crore in Q3 December 2013 over Q3 December 2012.
Maruti Suzuki India launched its much awaited compact car, Celerio, with the revolutionary auto gear shift, on 6 February 2014.
Jet Airways (India) spurted 10.2% on BSE on reports that the India's competition regulator has approved Etihad Airways' 50.1% stake buy in Jet Privilege, a customer loyalty programme unit of Jet Airways.
Results on 07 Feb 2014: Andhra Bank, CESC, Corporation Bank, Godrej Industries, Hexaware Tech, Jain Irrigation, PC Jeweller, Reliance Capital, Purvankara Projects, Relienace Com, SJVN, United Bank.
Key benchmark indices edged higher in choppy trade, with CNX Nifty regained the psychological 6,000 level after falling below that mark earlier during the trading session. Market languished in negative terrain in afternoon trade. Among BSE sectoral indices FMCG and Consumer Durables were the major gainer for the day while Realty, Capital goods and Banks closed negative. Gains in Asian and European stocks supported gains on the domestic bourses. The market breadth, indicating the overall health of the market, was negative.