Market Outlook for the day –Nifty is currently trading at crucial support levels, any fall from the current levels may attract fresh short positions.
IndusInd Bank net profit rose 28.83% to Rs 396.05 crore on 23.35% increase in total income to Rs 2702.19 crore in Q4 March 2014 over Q4 March 2013.
Gujarat Pipavav Port rose 1.25% on BSE after the company’s board will meet on 17 April 2014, to consider revision in expansion plan and its commencement.
Reserve Bank of India allowed foreign institutional investors to purchase up to 55% of the paid-up capital of Jubilant Food Works.
Results on April 17,2014: HCL Tech, GlaxoSmithKline Pharma, CRISIL, Liberty, Wipro.
Key benchmark indices plunged over 0.9% at the closing session on Wednesday due to poor performance of realty, IT, capital goods and TECk sector stocks despite firm global cues. Increase in crude oil prices triggered concerns about India's current account deficit and fiscal deficit. A bout of initial volatility was witnessed as key benchmark indices regained positive terrain after slipping into the red for a brief period after opening slightly higher. Interest rate sensitive realty stocks edged lower, Capital goods stocks edged lower. The BSE Mid-Cap index lost 79.23 points or 1.08% and Small-Cap index shed 83.28 points or 1.11%. Both these indices underperformed the Sensex.