Market Outlook for the day – Buying coming in at all dips suggests that the index is in strong hands and the bullish bias will continue.
Hindustan Zinc net profit fell 13.14% to Rs 1881.20 crore on 1.81% decline in total income to Rs 4231.34 crore in Q4 March 2014 over Q4 March 2013.
Sesa Sterlite jumped 4.78% on reports that Supreme Court allows resumption of iron ore mining in Goa with conditions.
Oil India has entered into an agreement with PetroNeft Resources Plc, in respect of 50% non-operating interest in License 61, Tomsk Oblast, Russian Federation.
LIC Housing Finance net profit rose 17.04% to Rs 370.02 crore on 19.43% increase in total income to Rs 2477.94 crore in Q4 March 2014 over Q4 March 2013.
Hero MotoCorp launched its operations in Bangladesh through a joint venture with Nitol Niloy Group.
Results on April 22, 2014: HDFC Bank, Rallis India, Tata Elxsi, Tata Metaliks, Tinplate.
Immense volatility was witnessed as key benchmark indices trimmed gains in late trade after extending intraday gains. BSE Sensex, and the 50-unit CNX Nifty, both, hit record high. Among sectoral indices BSE Capital goods and Metal indices closed 2.91% and 2.23% up respectively. Buying support also witnessed in bank, auto and power stocks. The market breadth, indicating the overall health of the market, was strong. The BSE Small-Cap index rose more than 1%.