23 Jul 2018 | 7:11 PM
Research Report

Equity Research Report: Religare Morning Digest

Market Outlook for the day – Trading range for the index is 6000-6120, an either side break will decide its move for the upcoming week.
31 Jan 2014 | 07:00 AM

Corporate News

JSW Energy consolidated net profit fell 34.72% to Rs 203 crore on 9.04% decline in total income from operations to Rs 2151 crore in Q3 December 2013 over Q3 December 2012.

Hindustan Construction Company reported a net profit of Rs 5.40 crore in Q3 December 2013 compared with a net loss of Rs 38.50 crore in Q3 December 2012.

Bank of India net profit declined 27.08% to Rs 585.82 crore on 21.27% growth in total income to Rs 10866.29 crore in Q3 December 2013 over Q3 December 2012.


Economy News

The Group of Ministers (GoM) has agreed to raise the fixed cost of urea by Rs 350 per tonne. As per the proposal, the fixed cost of urea produced by plants which are 30 years old or more would be increased by Rs 150 per tonne, while for all other plants it would be raised by Rs 350 per tonne.

Cabinet approves raising per year quota of subsidised LPG to 12 cylinders per household from current 9.

Results on 31st January 2014:  Delta Corp, IDFC, ING Vysya Bank, Motherson Sumi, NHPC, Petronet LNG, Pfizer, PNB, Union Bank, Uttam Galva


Market Roundup 

Key benchmark indices edged lower in early trade on weak Asian stocks. Volatility was high as BSE Sensex hit its lowest level in more than nine weeks and the CNX Nifty hit almost 10-week low in late trade. The market sentiment was hit adversely by the US Federal Reserve's decision of a further reduction in its monthly bond purchases and Fed's indication that it is likely to keep reducing its   purchases in the coming months, citing a pickup in US economic activity and improvement in the US labor market. The market breadth, indicating the overall health of the market, was weak.