Highlights for Today
Market Outlook for the day – Decisive close above 6350 is necessary for any further move towards higher levels.
Dabur India reported a 15% rise in consolidated net profit to Rs 242.90 crore on a 16.8% growth in net sales to Rs 1904.30 crore in Q3 December 2013 over Q3 December 2012.
Mahindra & Mahindra Financial Services consolidated net profit fell 15.65% to Rs 182.36 crore on 28.36% growth in total income to Rs 1363.20 crore in Q3 December 2013 over Q3 December 2012.
Zee Entertainment Enterprises consolidated net profit rose 10.03% to Rs 213.59 crore on 25.8% rise in total income to Rs 1226.40 crore in Q3 December 2013 over Q3 December 2012.
HDFC net profit rose 12.07% to Rs 1277.71 crore on 14.87% increase in total income to Rs 6030.93 crore in Q3 December 2013 over Q3 December 2012.
Results on 23rd January 2014: Amara raja Batteries, Bharti Infratel, Blue star, Cairn India, Corporation Bank, Dish TV, Indian Bank, L&T Finance, Mastek, Novartis India
Key benchmark indices edged higher in choppy trade as Asian and European stocks rose after International Monetary Fund raised its global growth forecast. BSE Sensex hit its highest level in nearly a week. CNX Nifty hit its highest level in almost three weeks. Metal and mining stocks edged higher for the second day in a row. Pharma stocks edged higher. The market breadth, indicating the overall health of the market, was positive.