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Equity Research Report: Religare Morning Digest

Market Outlook for the day – Sideways to negative move is expected to continue till Nifty is trading below 6100 mark.
21 Feb 2014 | 07:00 AM

Highlights for Today 

Market Outlook for the day Sideways to negative move is expected to continue till Nifty is trading below 6100 mark.

 

Corporate News:

Opto CircuitsPowerheart G5 automated external defibrillator received market clearance from the US drug regulator.

Thomas Cook (India) reported a 27% drop in its net profits for the quarter ended December 31, 2013. The company recorded a net profit of Rs. 2.24 crore on a total income of Rs. 84 crore. 

TCS reported that Diageo, the world's leading premium drinks business, has selected TCS as its new global IT provider.

Shiv-Vani Oil & Gas Exploration Services was locked at 5% lower circuit on BSE after the London Court directed the company to pay Citibank in a case filed by bondholders against the company.

 

Market Roundup 

Key benchmark indices dropped as weakness in Asian and European stocks hit sentiment on the domestic bourses adversely. The market edged lower in early trade on weak Asian stocks. Weakness continued on the bourses in afternoon trade. Market extended losses and hit fresh intraday low in late trade. Bank stocks fell across the board. The market breadth, indicating the overall health of the market, was negative.

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