Market Outlook for the day – 6640 mark has emerged as a strong support for Nifty thus sustaining above the same will be crucial in the near term.
Tata Motors said its wholly owned subsidiary issued and allotted $300,000,000 in principal amount of 5.75% senior fixed rate notes due 2021.
Union Bank of India net profit fell 26.66% to Rs 578.96 crore on 12.59% increase in total income to Rs 8444.95 crore in Q4 March 2014 over Q4 March 2013.
Bharat Heavy Electricals said it has successfully commissioned a 126 megawatts gas turbine power generating unit in Oman for Petroleum Development Oman.
Results on May 09, 2014: Andhra Bank, Chambel Fertilizer, NIIT, Ranbaxy Lab, SRF, Torrent Pharma
Key benchmark indices eked out small gains after witnessing intraday volatility. A bout of volatility was witnessed as key indices trimmed initial gains in morning trade. Key benchmark indices recovered after hitting fresh intraday low in afternoon trade. The Nifty recovered after hitting 6-week low. The Sensex recovered after hitting its lowest level in more than 3 weeks. Key benchmark indices alternately swung between positive and negative zone near the flat line in mid-afternoon trade. The BSE Mid-Cap index was down 0.16%, underperforming the Sensex. The BSE Small-Cap index was up 0.17%, outperforming the Sensex.