Highlights for Today
Market Outlook for the day –Inverted head and shoulder formation on the intraday chart indicates upward move ahead.
Hindustan Construction has been awarded a Rs 300 crore contract by Delhi Metro Rail Corporation.
HCL Technologies’s consolidated basis net income as per US-GAAP rose 8.5% to Rs 1624 crore on 2% increase in revenues to Rs 8349 crore in Q3 March 2014 over Q2 December 2013.
Result on April 18, 2014: Reliance Ind.
Results on April 21, 2014: HEG, Hindustan Zinc, LIC Housing Finance.
Key benchmark indices extended intraday gains and hit fresh intraday high in mid-afternoon trade after government bond prices rose on reports that the Reserve Bank of India fully sold the Rs 20000crore worth of bonds on offer at its biggest ever auction held on 17 April 2014. Interest rate sensitive Auto and Realty stocks edged higher. Cairn India, ICICI Bank, Reliance Infrastructure, Rural Electrification Corporation and Crompton Greaves hit 52-week high. The BSE Mid-Cap and BSE Small-Cap indices were up more than 1% each. All thirteen sectoral indices on BSE were in the green.