Highlights for Today
Market Outlook for the day – Considering current chart patterns, 6100 level must be crossed and sustained in the coming one or two sessions else there are higher chances that steep selling may be witnessed.
Aditya Birla Nuvo's consolidated net profit rose 11.65% to Rs 345 crore on 2.85% fall in revenue to Rs 6545 crore in Q3 December 2013 over Q3 December 2012.
Dr Reddy's Laboratories consolidated net profit surged 70.21% to Rs 618.42 crore on 22.95% growth in total income to Rs 3551.49 crore in Q3 December 2013 over Q3 December 2012.
Passenger cars sales in the domestic market during January fell by 7.59% on an year-on-year basis to 1.60 lakh units as compared with 1.73 lakh units in the same month last year. This was the fourth consecutive month of negative sales for passenger cars.
Trade deficit was at $9.92 billion in January 2014 compared with $10.14 billion in December 2013. Exports rose 1.5% at $26.75 billion in January 2014 over December 2013. January imports rose 0.7% at $36.67 billion in January 2014 over December 2013.
Results on 12 Feb 2014: Apollo Tyres, BATA India, Bartronics, BPCL, CIPLA, Coal India, Gammon Infra, Oil India.
Markets started the session on a firm note, but soon trimmed the gains and hovered in green till the mid-morning trades. The key indices traded off the day’s high and later paired gains in a range bound afternoon. IT companies rose across the board after a strong outlook on the sector, by industry body Nasscom. Industrial production, which is due on February 12, 2014, is expected to remain in contraction mode for the month of December 2013. The government will also unveil the data of inflation based on the combined consumer price index (CPI) for urban and rural India for January 2014 on February 12, 2014.