Market Outlook for the day – Continuous rise in volumes and mid & small cap counters contributing to the up move are positive signs indicating increased participation.
Tata Global Beverages’s UK-based subsidiary has acquired a 100% stake in the equity capital of Australia's Bronski Eleven.
Sintex Industries allotted 1.64 crore equity shares at Rs 69.01 per share to promoter group companies on the exercise of the option of conversion of warrants.
HDFC Bank’s board approved to raise the equity share capital of the bank up to an aggregate sum of Rs 10000 crore including share premium amount.
JK Cement reported net profit surged 35.93% to Rs 76.38 crore on 7.92% growth in total income from operations to Rs 832.71 crore in Q4 March 2014 over Q4 March 2013.
Results on May 20, 2014: Aditya Birla Nuvo, Geodesic, Punjlloyd, VIP Industries, Wabco India
Key benchmark indices edged higher in choppy trade, with the market sentiment boosted by Narendra Modi's victory in general elections. Market opened higher in the morning trade but indices buckled under profit-booking and gave up all the gains to slip into the red for a short time. However, the indices bounced back again as metals, capital goods and infrastructure-related stocks continued to soar. The market breadth, indicating the overall health of the market was quite strong.