Highlights for Today
Market Outlook for the day – The current market data and chart patterns suggest upside move ahead.
IRB Infrastructure Developers’ consolidated net profit fell 27.72% to Rs 109.23 crore on 6.77% decline in total income to Rs 918.04 crore in Q4 March 2014 over Q4 March 2013.
Suven Life Sciences rose 0.58% to Rs 95.30 at 14:21 IST on BSE after net profit jumped 275% to Rs 32.40 crore on 75% growth in revenue to Rs 132 crore in Q4 March 2014 over Q4 March 2013.
Zee Entertainment Enterprises Ltd will invest Rs100 crore to launch a second Hindi general entertainment channel, Zindagi.
Results on May 23, 2014: Engineers India, HDIL, ITC, Neyveli Lignite, SBI, SREI Infra
Volatility ruled the roost in late trade as the key benchmark indices recovered after trimming intraday gains from higher level. Market extended initial gains in morning trade and firmness continued on the bourses in afternoon trade. Key benchmark indices trimmed intraday gains in mid-afternoon trade and hit fresh intraday low in late trade. The market breadth indicating the overall health of the market was quite strong. The BSE Mid-Cap and Small-Cap index gained more than 2%.