Market Outlook for the day – Nifty is strongly placed on the daily and weekly charts with no signs of reversals as yet indicating more upside in the coming sessions.
Mahindra & Mahindra’s Agri division signed a joint venture agreement with Holland-based HZPC.
Yes Bank’s net profit rose 18.79% to Rs 430.21 crore on 13% growth in total income to Rs 3013.57 crore in Q4 March 2014 over Q4 March 2013.
Dr Reddy's Laboratories Ltd has launched Finofibrate capsules in the US market.
Reliance Industries Ltd has raised a debt of $550 million for part-financing the proposed expansion of its petrochemical plant, setting up of a new gasification plant and refinery off-gas cracker unit, over the next two to three years.
Results on April 25, 2014: Axis Bank, Cera Sanitary, Exide industries, ICICI Bank, IDFC, Maruti Suzuki & Siemens.
Key benchmark indices closed positive on Wednesday due to covering-up of pending outstanding short positions by speculators on the last session of April month expiry in the derivatives segment. The Sensex and the Nifty, both, hit record high. Among BSE sectoral indices Bank, Capital Goods and Pharma indices closed 1.12%, 1.49% and 0.44% up respectively. BSE Realty index closed 1.28% down. The market breadth, indicating the overall health of the market was positive.